How to Set Actionable Financial Goals
Imagine committing to run a marathon tomorrow. Unless you’re an avid long-distance runner, you’re likely going to wind up flat on the concrete after a few miles.
But, if you decided to run a marathon in six months, you’d have time to prepare. You’d create a training schedule, complete with daily runs that slowly increase in length. Over time, you’d build up the endurance to complete a full marathon (without falling on your face, too).
Financial goals are just the same. In fact, (and we don’t mean to get sciency on you, but) it’s actually psychologically proven that setting financial goals helps you achieve them. I mean, it makes sense, right? If you’re not sure what you’re working towards, how can you prepare? And how can you track your progress?
Setting actionable financial goals is crucial in setting yourself up for financial success. Whether you’re saving to buy a new car or dreaming of retiring early, here’s what you need to know to set financial goals you’ll actually meet.