Setting goals is difficult enough without adding the word finance in the mix. Many people are reluctant to tackle the task of determining financial goals. Unfortunately failing to do so can have an adverse effect on achieving a comfortable lifestyle later on in life. This article helps to guide you in successfully determining financial goals that you can actually achieve.
Before setting your financial goals there are 3 simple rules that must be followed. You will first need to learn to how effectively control your day-to-day financial affairs. Consistently doing this will allow you to do the things in life that bring you satisfaction and enjoyment. This is commonly referred to as making a budget. The next requirement is to choose a course of action that you can follow to financial success. Finally you must build a financial safety net such as a personal savings account or retirement investment.
Simple Steps To Setting Financial Goals
Step 1 - Identify and write down your financial goals. This will help you visualize your dreams and desires in the form of goals. This can include saving to send your children to college, buying a new car, saving for a down payment on a house, going on vacation, paying off high interest credit card debt, or planning for your retirement.
Step 2 ? Take the time to break down your financial goals into several smaller more manageable time driven steps. These include short-term (less than 1 year), medium-term (1 to 3 years) and long-term (5 years or more) goals. Doing this simple task will make your goal setting process easier and more attainable.
Step 3 ? Educate, Educate, Educate ? Spend some time doing your research on financial topics. Read magazines and books on finance related subjects such as investing. Surf the Internet's for investment web sites and don't be afraid to learn about the stock market.
Step 4 ? Periodically check your progress through a self-evaluation. You'll want to check your progress monthly, quarterly, or at any other interval you feel comfortable with, but at least semi-annually, in order to confirm that your program is working. If you're not making a satisfactory amount of progress on a particular goal, re-evaluate your approach and make changes as necessary.
Remember there are no hard and fast rules for implementing a financial plan. It is okay to dare to dream about riches, just be realistic about what you can actually do. When you write your goals down for your visualization process you will identify any that seem unobtainable and quickly see the more realistic goals that will lead you to financial success. The important thing is to at least do something as opposed to nothing, and to start NOW.
Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides insurance information and offers discount auto, life and home insurance that you can research in your pajamas on his website.Other websites operated by TimCellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans.
Military-Loans-Online.com ? Which provides free money saving loan quotes on all of your loan needs to include home equity loan information.
"By asking for the impossible, we obtain the best possible."... Read More
Most quit smoking books, maybe all of them won't tell... Read More
"Life is not easy for any of us. We must... Read More
I wanted to learn to swim. So I set my... Read More
Own goals are actions, things we do, that stop us... Read More
4. Start somewhere (put to use what you already have)"Action... Read More
In Part 1 I started the discussion on what to... Read More
Everybody has bad habits. Everybody. Now granted, some people have... Read More
In a nutshell, having an inspired, world-changing goal is the... Read More
In this article you will learn the most powerful knowledge... Read More
What would you like to achieve in your lifetime?Author Basil... Read More
WHY DO WE NEED GOALS?Goals give you direction in all... Read More
(excerpted from the Jim Rohn One-Year Success Plan)Jim Rohn's Second... Read More
1. Schedule a specific time and day to work on... Read More
Do you ever daydream about going on a great vacation?... Read More
"If the world were to blow itself up the last... Read More
"Excellence is never an accident; it is always the result... Read More
Have you set goals, personal or business, and failed to... Read More
Why are there so much stress and unhappiness in the... Read More
Over the years much has been written on the subject... Read More
To reach goals, consider this illustration: If you see roadblocks... Read More
Six keys to keys to build vision - point three3.... Read More
Decide what you want, decide what you are willing to... Read More
1. Write down one goal that you want to achieve.... Read More
Everybody has a dream. A fantasy, if you like. Usually... Read More
Last month's edition of Footprints and Monuments was about living... Read More
One of my favorite techniques for achieving goals is to... Read More
Your business can't go according to plan if you have... Read More
Achieving goals requires persistence. Here's the proof: In 1915 Ty... Read More
What do u wanna be when you grow up?" "... Read More
You have a choice it would seem ? you can... Read More
The alarm goes off at 6am, you roll out of... Read More
Goal setting seems to be one of the most misundertood,... Read More
1. Retrain your self-talk, to remove selfish from your vocabulary... Read More
Scenario: You have taken care of the house, the kids,... Read More
Why are there so much stress and unhappiness in the... Read More
Most quit smoking books, maybe all of them won't tell... Read More
Have you seen those ads that promise to make thousands... Read More
The first step to success, of course, is to set... Read More
Note: This article was originally written at mid year so... Read More
When driving, we need to check our rear-view mirror every... Read More
Most marathons provide more than their fair share of heroes... Read More
Are you feeling motivated to set some strong goals for... Read More
"In any and every given moment of your life, you... Read More
Many people ask me how they can be more successful.The... Read More
You may or may not have a set of written... Read More
Wouldn't it be nice to know that there is a... Read More
"In the factory we make lipstick; in the drugstore we... Read More
1. Recognize that you are the source of everything that... Read More
So, a New Year has snuck up on you again... Read More
What do u wanna be when you grow up?" "... Read More
Everybody has bad habits. Everybody. Now granted, some people have... Read More
Goal setting is the true secret to success in any... Read More
Photographs are clearer when they are in focus. When they... Read More
If you've been diligent in doing the past 2 concentration... Read More
I am sitting in a shopping mall, waiting for my... Read More
Do you have a goal for the future that you... Read More
If you were to walk up and ask successful and... Read More
At this point in time you have an opportunity to... Read More
I was at work one day, calling on a customer... Read More
When setting goals it is important to know if the... Read More
My goal in life is to have no goals. They... Read More
Did you know that you see with your mind as... Read More
At the age of twenty two, I read a book... Read More
Unwanted feelings and thoughts are rich territory to dive beneath... Read More
If you've ever had any sales training, you've probably been... Read More
Goal Setting |