Do you set financial goals for yourself? What are your goals for the next 1 year? How about 3 years from now? 5 years? 10 years? What are your aspirations and financial responsibilities in life?
Goal Planning is the first step in successful goal achievement. It marks your first point toward success. It’s when you switch from a passive state to being involved in life.
When you set goals, you think ahead, after which you can create your action plan. Even if things don’t go according to plan, that’s okay as you can review, adjust your plans, and then steer your life toward your vision.
Once you know your financial standing, the next logical step is goal setting to remedy the weak spots in your financial health. The long journey of goal planning starts with a step. The first step is to identify your goals. The next would be to break these goals down into measurable goals- short term (less than 1 year), medium term (1 to 3 years) and long term (5 years and more).
Advantages of Goal Planning:
- Take Control of Your Life
- Get Optimum Results
- Creates Focus
- Creates Accountability
- Motivates to save more
- Get the proper asset allocation
- Live Your Best Financial Life
The Money Compound Team can help you educate to increase your net worth by making the right investments. Lastly, your financial progress has to be evaluated at regular intervals- monthly, quarterly or semi-annually. This is imperative so that you know that you are steadily on the way to achieving your goals step by step.
We help you to:
- Identify your financial goals
- Determine the timeframe for these goals
- Increase your net worth and
- Evaluate your progress
Know that all things are created twice: first in the mind, then in the physical world. The mental creation happens when you set your goals. The physical creation happens when you work on your goal and bring it to life. Without the mental creation, the physical creation can’t happen. When you set goals, you kick off the very first step to make your dreams happen, after which the next steps will follow suit. Our online personal finance planning software helps you plan your goals in a more disciplined and scientific manner. You can even track the performance of your investments made for achieving your goals using Goal Tracker.