Creating Strong Financial Goals (DRS #7)

I started to include this a previous post, Making Better Financial Choices, but it made it way too dense. Today we’re going to be looking at how to develop strong financial goals.

Types of Goals

There are typically 3 groups of goals: Short-term, Mid-term, and Long-term. I break them like this:
Short-term goals can be completed in less than 2 years.
Mid-term goals will take somewhere between 2 & 4 years to complete.
Long-term goals will take 4 or more years to complete.
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How to Create Successful Goals

We all want a successful future and have some sort of vision of how it will look. If you don’t have a vision, I challenge you to think about what you want your life to look like in 5-10 years. Now that you’ve got a rough idea of what you want, how do you get there? If this is something you genuinely wish to achieve, you must set goals. Think of your goals are the roadmap to your future. Would you want to go a road trip with no map and no plan? I wouldn’t.
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