Setting goals helped me choose where I wanted to go in life. By knowing precisely what I wanted to achieve, I know where I have to concentrate my efforts. I also quickly spotted the distractions that can, so easily, lead me astray. By setting sharp, clearly defined goals, I can measure and take pride in the achievement of those goals. When developing my goals, I need to be sure to differentiate between my necessities and my wants.
Once I had my long-term goals in place, I then created …show more content…
For example, instead of having “to purchase a television” as a goal, it was more influential to me specifically to use the goal “To have acquire enough funds to purchase my television by May 31, 2016.” Once I have achieved whatever goal it is I am trying to accomplish in a fashionable amount of time, I will continue to use this method for the next goal.
When it comes to personal financial goals, many can be long term. Paying off student loans, a new car, or a mortgage on a home does not happen in a month or even a year. Retirement is an even longer-term goal. When it comes to financial matters, planning can be of primary importance.
It is never too early to begin planning. In fact, I have found out the earlier I begin planning for my financial future, the sooner I will be able to reach my goals. Because of the nature of interest and compounding that can be associated with investing, starting early can have great benefits. The longer my investments have to grow, the greater their growth will be. I have realized that my financial goals won’t be obtained just by setting them. I have to be intentional about creating a plan and diligent in executing