How to Set Financial Goals

[Golden9]

It's a new year and we all set goals. Knowing the proper way to set your financial goals will help you achieve them.

The first thing to do when setting financial goals is to start from.the top and work your way down. Yiu want to start with long term goals, then the medium term goals, and finally short term goals.

To set financial goals that you will achieve, ensure that they are specific, achievable and realistic too.

 

[Shavkat]

The financial goals can be plotted or formed using the SMART principle. Besides the point, we need to gather financial information before knowing what would be the next course of action.

 

[Bisolami]

It's a new year and we all set goals. Knowing the proper way to set your financial goals will help you achieve them.

The first thing to do when setting financial goals is to start from.the top and work your way down. Yiu want to start with long term goals, then the medium term goals, and finally short term goals.

To set financial goals that you will achieve, ensure that they are specific, achievable and realistic too.

I love the fact that you mentioned that we should set goals that are realistic because a lot of people said goals that do not seem to be achievable and we need to be truthful to ourselves

 

[flower]

Setting a financial goal is a very big exercise that must be done with all sincerity because you would need it to abstain from frivolous spending.

 

[Bisolami]

Setting a financial goal is a very big exercise that must be done with all sincerity because you would need it to abstain from frivolous spending.

This is a big task that involves discipline and a lot more before we can achieve it
It is quite hard

 

[uptrendfinancialsignal]

Setting a financial goal is phenomenal for the success of everybody.

 

[Reedex]

There are so many people who have set financial goals and they were unable to achieve them due to lack of understanding and the willpower to achieve their goals and objectives.

 

[Carson20t]

Wow, this is yet another amazing thread I have come across, keep it up with such brilliance. Having the plan to set up financial goals is very wonderful in a person,s life because currency and purchase power are essential for everybody either directly or indirectly. It is either you are earning the money yourself or someone is earning it and giving it to you.

Of course, the most that people aspire for is to get out of the rat race and start having a steady income and eventually start making money whilst they are asleep. Having passive income does not surprise you with internal or external economic shocks because you have made money upto the third-generation wealth and that is why you can afford to buy luxuries or enjoy expensive or finer things in life.

Anybody can achieve this if you are intentional and you can have basic financial freedom in just a five years plan, meaning you can afford housing, maintenance budget, housing insurance, health insurance, education policy for your children, supplementary budget and a percentage to give out. The first six months will be about investing and planning, making mistakes and the second six months will probably be about repeating the same mistakes but with determination, all these can normalize in just two to three years and the remaining two to three years can be about expanding or growing your portfolio.

 

[uptrendfinancialsignal]

There are so many people who have set financial goals and they were unable to achieve them due to lack of understanding and the willpower to achieve their goals and objectives.

Setting up a financial goal, you will need to be well experienced to succeed.

 

[Bisolami]

Setting up a financial goal, you will need to be well experienced to succeed.

You need to have a vision. You need to know how you want your finances to be in the next few months.

 

[Reedex]

You need to have a vision. You need to know how you want your finances to be in the next few months.

Is someone who wants to establish a business without vision will definitely fail.

 

[flower]

Is someone who wants to establish a business without vision will definitely fail.

Financial goal is critical for a business in order to achieve success very quickly.

 

[eldavis]

The reason why most persons set up financial goals for themselves and they are not able to achieve is because they set up these goals without actually having a way to make them come through.