“A goal is a dream with a deadline.” – Napoleon Hill, author of ‘Think and grow rich’
Didn’t achieve the financial outcome that you wanted in 2014? As another year already begins to race by, maybe it’s time you made the changes you know you really should be making in order to maximise your financial position.
I’m not talking about new year’s resolutions, which are just wishes that rarely come true.
To achieve the changes you want, you need a strategy. While this really requires the help of an experienced financial planner for maximum effectiveness and security, you can get started by setting some goals for your family’s financial future.
Some tips to help you set effective goals:
- Set SMART goals: specific, measurable, achievable/actionable, realistic/relevant, and with a timeframe.
- The key is to have a quantifiable, measurable outcome (so you can measure whether you achieved the goal) and a deadline (which helps ensure you actually get it done).
- You need someone to hold you accountable to achieve the goal – otherwise it’s too easy for life to get in the way. This could be your partner, a family member, or a friend. But it’s most effective if it’s a financial expert like your accountant or financial planner.
- Make sure your goals have an element of ‘stretch’ (which motivates you towards a better outcome) while still being attainable.
But remember: ultimately, a goal without a plan is just a dream. So once you’ve set your goals, talk to us about developing a tailored wealth creation strategy.
FUEL YOUR FAMILY’S FUTURE. Contact us today on (03) 8888 4000 or email@example.com to book a FREE WEALTH STRATEGY REVIEW with our Personal Wealth Advisory experts.