All About Setting Goals

Setting Financial Goals - Part 1


Setting goals is difficult enough without adding the word finance in the mix. Many people are reluctant to tackle the task of determining financial goals. Unfortunately failing to do so can have an adverse effect on achieving a comfortable lifestyle later on in life. This article helps to guide you in successfully determining financial goals that you can actually achieve.

Before setting your financial goals there are 3 simple rules that must be followed. You will first need to learn to how effectively control your day-to-day financial affairs. Consistently doing this will allow you to do the things in life that bring you satisfaction and enjoyment. This is commonly referred to as making a budget. The next requirement is to choose a course of action that you can follow to financial success. Finally you must build a financial safety net such as a personal savings account or retirement investment.

Simple Steps To Setting Financial Goals

Step 1 - Identify and write down your financial goals. This will help you visualize your dreams and desires in the form of goals. This can include saving to send your children to college, buying a new car, saving for a down payment on a house, going on vacation, paying off high interest credit card debt, or planning for your retirement.

Step 2 - Take the time to break down your financial goals into several smaller more manageable time driven steps. These include short-term (less than 1 year), medium-term (1 to 3 years) and long-term (5 years or more) goals. Doing this simple task will make your goal setting process easier and more attainable.

Step 3 - Educate, Educate, Educate - Spend some time doing your research on financial topics. Read magazines and books on finance related subjects such as investing. Surf the Internet's for investment web sites and don't be afraid to learn about the stock market.

Step 4 - Periodically check your progress through a self-evaluation. You'll want to check your progress monthly, quarterly, or at any other interval you feel comfortable with, but at least semi-annually, in order to confirm that your program is working. If you're not making a satisfactory amount of progress on a particular goal, re-evaluate your approach and make changes as necessary.

Remember there are no hard and fast rules for implementing a financial plan. It is okay to dare to dream about riches, just be realistic about what you can actually do. When you write your goals down for your visualization process you will identify any that seem unobtainable and quickly see the more realistic goals that will lead you to financial success. The important thing is to at least do something as opposed to nothing, and to start NOW.

Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides insurance information and offers discount auto, life and home insurance that you can research in your pajamas on his website.

Other websites operated by Tim

Cellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans.

Military-Loans-Online.com - Which provides free money saving loan quotes on all of your loan needs to include home equity loan information.


MORE RESOURCES:

Bristol Personal Development Goal Setting Seminar
Emailwire - May 13, 2008
Where he will share some powerful life changing Self Development and Goal Setting tools with YOU. Visit http://www.you-can-be.com/ to learn more today.


Peach school board plans goal-setting retreat
Macon Telegraph, GA - May 1, 2008
By Jake Jacobs - jjacobs@macon.com Superintendent Susan Clark wants the Peach County school system off SACS probation. The sooner, the better. ...


Goal setting advice for freelance writers and copywriters.
Wire Service Canada (press release), Canada - Apr 16, 2008
Nick Usborne's Goal Setting Rituals is the second in a series of guides created to help freelance writers and copywriters increase their productivity and ...


Pool Board to hold goal setting workshop on April 21
Reno Gazette Journal, NV - Apr 16, 2008
FERNLEY--The Fernley Swimming Pool Board will hold a goal-setting workshop on April 21, from 10 am -4 pm in the Fernley City Hall Conference Room, ...


The Government of Canada helps Francophone youth from Barrie and ...
Government of Canada Newsroom (press release), Canada - 28 minutes ago
La Clé d’la Baie’s Transition au Travail project will allow 24 Francophone youth gain skills through classroom instruction on such topics as goal setting, ...


Pacific official defends '21 Keys' program
Peoria Journal Star, IL - 3 hours ago
"Teachers really got into the goal-setting with students," he said after Tice's talk Thursday. "All it really is doing is affirming the dignity of the human ...


Synchronized skating builds teamwork, community pride
The Reporter, WI - 4 hours ago
What hasn't changed is the passion for a sport that teaches teamwork, precision, goal-setting and life lessons. "When I competed, it was a big deal if we ...


Jamaica Gleaner

Title: The Handbook Of Personal Financial Planning
Jamaica Gleaner, Jamaica - Apr 20, 2008
And. after they have been through 'Goal Setting', 'Bud-geting', 'Savings,' 'Debt,' 'Net Worth' and 'Tax Planning,' among other topics, the concept of ...


Director of Customer Care
Cable360.net, NY - 12 hours ago
Maximize employee satisfaction, development and performance through goal setting and performance management practices. ...


National Student innovation Awards
Ottawa Start (press release), Canada - 15 hours ago
Students create their own “ventures” and work with their mentors to enhance their enterprising skills such as goal setting, critical thinking, communicating ...

Goal-Setting - Google News

home | site map
tons-of-articles.com © 2006