Achievable Financial Goals

Jan 10, 2014 by

Achievable Financial Goals

Most everyone has financial goals. Some are very reasonable and realistic, others, not so much. Setting financial goals that are achievable is just as important as the steps you take to get to those goals.

One of the first things you need to do is decide what you want those financial goals to be. You need to make priorities out of them. What do you want first? Second? You must keep in mind that they have to be realistic. You cannot say I want to save a million dollars this year? Well, okay, do you make enough money that you can realistically save a million? If you do fine, if not then obviously this is not a realistic goal. Making goals you want to achieve is just as important as setting realistic goals. You are more likely to achieve your goals if you want them.

Your goals should be able to be measured. It is easier to measure financial goals than many other goals. So give your goal a number. Being specific about timelines and measurements is very important to you actually achieving your goals.

Try for only one goal at a time. Do not try to split your focus right away. By setting only one goal to start with you can put most of your focus toward that. Once you reach that goal you will be able to set another one, and so on. By having one goal at a time you are more likely to actually get to that goal. If you set so many you cannot focus on them, then they will never be achievable.

Millenium goals Toon

Photo: Wikipedia

You do not need to only set one goal a year. If you set a goal for yourself and you achieve it go ahead and set another one, you do not need to wait until next year. Continue your goal setting and achieving all year long.

There may be many goals you want to achieve and are unsure of which one you want to achieve first. You always have the option to talk with a financial advisor. They will be able to help you prioritize your goals, talk to you about how best to achieve them, and then help you get started. They can we a wealth of information, so if you do go to see one, take a list of question you have so that you do not forget to ask anything.

Prioritize your goals; make your goals measurable; work on one goal at a time. These are the basic steps to get you on your path to achieving your financial goals. It may seem simple to some, and difficult to others. By only having one goal at a time you should not feel so overwhelmed and it should help make it easier to achieve all of your goals.

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