If you don’t have clear goals for your money, you’ll likely set arbitrary targets that won’t inspire you to take action. It’s one thing to say you want to make more money, but it’s another to have a solid, life-changing purpose behind that goal.
Tie Your Financial Goals to Real-Life Changes
Take a moment to reflect on that business goal you set. Ask yourself—what do you actually plan to do with the money once you earn it?
And no, don’t just write down ice cream and shawarma. Be serious about it. The US Bank says to connect each goal to a deeper motivation, and I agree.
Tie your financial goals to something that will truly impact your life and circumstances. Here’s how:
Changing Your Children’s School? Research the new school you want for them and find out the tuition fees for all your children for the next academic session.
Building Your Own House?
Talk to someone who has built a house before and learn from their experience. Find out the estimated cost of land and building materials in your preferred location.
Upgrading Your Living Space?
If you want to move from a self-contained apartment to a three-bedroom flat, check Property Finder or other real estate platforms. Get an exact figure for the rent and additional costs.
Pursuing a Master’s Degree Abroad?
Research universities and course fees. Find out the cost of a student visa, health insurance, proof of funds (POF), flight tickets, and accommodation.
Stop Guessing. Be Specific About Your Financial Goals
Financial goals should not be based on assumptions or random numbers. Instead, take the time to research, calculate, and set clear targets. When you have something tangible to work toward, motivation won’t be an issue—your goals will wake you up every morning.
This is the first step to setting financial goals that actually work.
Drop everything now and start researching. Your future self will thank you.
See more examples of financial goals and why they matter here.
I’m rooting for you!
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No, I’m not about having another passive income stream.
No, I’m not teaching you a new type of business to start.
I want to show you how to stop wasting time launching stuff every month, when you can build a system to ensure sales comes in whether you’re sleeping or selling or doing nothing. I want to show you how to make this system work for you in international markets too.
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Also Read: How to Start a Home-Based Business: A comprehensive Guide
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