Setting Financial Goals

Categorize them as short-term, mid-term and, long-term. Your short-term goals for example, can be achieved between 6 months and 1 year. To achieve your mid-term and long-term goals will take 1 to 3 or 5 years and 3 or 5 to ten years respectively.

Each goal comes with a price tag (figuratively speaking). When we commit to a goal generally there is a sacrificial cost meaning, you’re probably going to have to give up some things to realize your goal. Most goals worth achieving usually come with sacrifices. Weigh your options and be prepared to give some things up for the realization of the goals you committed to. Do your best to estimate each one.

A goal without a deadline is not a goal. Any intention without a desired completion date is just a dream and we’ve already determined that you’re not a “dreamer” but a “doer”. Come up with target dates for each goal listed and work your butt off to achieve them!

Now that we have some targeted goals, we can move into creating a plan.