Going Deeper on Financial Goals

Gladys Shumbambiri
Posted February 7, 2018 from Zimbabwe

Goals are very important in one’s life, and more so financial goals. Whatever that you want to achieve in your life that requires money is a financial goal.

Ask yourself the following questions:

What do I really need to achieve in 2018 and in my life?

Life is all about making, daily, weekly, monthly and yearly achievements that you can track as mile pegs. At the start of a new day, month or year, setting goals is very important and writing them down.2018 is already in motion and what is it that you want to achieve in this great year and in your life? Take time out and go in a quiet place and make a plan of the things that you would like to achieve and have a journal or notebook to jot down everything. These set goals will be the fuel that will give you the energy for each day, week, month and year throughout the days of your life.

What are my sources of income?

Every project that one undertakes requires financing. The same with financial goals. What will finance the achievements that one wants to attain in a life time? List down all the current sources of income and the amounts. Sum up all the amounts to come up with your total income. The total amount of income will determine the amount that can be saved in a given time period. If this amount is not enough, find ways of earning additional income apart from your current income souces.These additional sources could be network marketing, buying and selling, or farming activities , just to name a few.

How much do I need to save to achieve my goal?

Inferring from the total income to be received, decide how much you need to save to attain the financial goals you have set. This is not based on what your peers are doing or what they are earning. This is purely a personal decision or a family decision or a company decision. This figure will be our success factor for whatever we want to achieve. Many individuals make decisions based on what their peers are doing and if one does this, it will be a recipe for disaster in attainment of the set financial goals.

How many days, weeks, months or years do I have to save?

In everything that one does, time frame is of paramount importance as one does not operate in a vacuum. Having known what one wants to achieve and all the sources of income and the amount to save, coming up with a period will induce action towards the attainment of the financial goals. You will able to track your progress during the set time frame.

2018 is the year to focus on your financial goals and taking action to achieve them.

To your financial independence and freedom…

Comments 4

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Karen Quiñones-Axalan
Feb 08, 2018
Feb 08, 2018

Financial management is a very important aspect in life, be it personal or organizational. Thank you for posting guide questions that help us assess our financial goals.

I agree that when in comes to financial planning, this year is a great start. Thank you, Gladys!

Gladys Shumbambiri
Feb 08, 2018
Feb 08, 2018

Yes Karen it is a great year to start taking action.Action, action , action is the key word in 2018 to achieving one's financial goals.Thanks Karen for reinforcing.

Adanna
Jan 16
Jan 16

Dear Gladys,

Indeed, financial goals are very important in life.

Thanks for this reminder!

Love,
Adanna

Adanna
Jan 16
Jan 16

Dear Gladys,

Indeed, financial goals are very important in life.

Thanks for this reminder!

Love,
Adanna