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Financial Planning - How To Set Financial Goals?

All goals, including financial ones, must be envisioned. You must know exactly what you want, because if you don’t, how will you ever attain it?

Have a passionate desire to achieve your goals. If your attitude towards building financial independence for you and your family is, “It would be nice,” you should probably forget it. You must have desire as well as discipline, because it will take that to become knowledgeable and follow through in the many areas discussed in these posts

Now, make sure your goals are well defined and measurable. As an example, you shouldn’t have, “become wealthy” as a goal because it’s not measurable. What cannot be measured cannot be achieved. If you say you want a million dollars in 35 years when you retire, however, that’s measurable.

Short and intermediate goals will be required to get you where you want to go. If you want a million dollars in 35 years, start by breaking down what you think you will need 15 years from now and 5 years from now to be on that pace. Then, decide what you need to invest today to reach those goals and track your progress.

Next, for goals to have a chance to work in your life, you have got to write them down.

And, if you don’t have a winning attitude, develop one! Believe in You. Many people can’t really see themselves becoming financially successful, so they aren’t. You must believe you will become wealthy. Having a positive attitude toward wealth building is one of your most important allies.

Life is meant to be a self-fulfilling prophecy, meaning it will turn out pretty much the way you see it turning out. This is why life will give you what you will accept. So, accept nothing less than the best. Resolve to be in charge of your own future.

Don’t let procrastination; lack of direction or the opinions of others prevent you from achieving financial success.

Reaching your goal of acquiring financial wealth will be easy, just that it will be worth it. Don’t wait for the right time to start, or you never will. It’s been said that knowledge is power. But knowledge is power only if you do something with it. The road to financial wealth is paved with uncertainty and has many turns and pitfalls.

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