How to reach your financial goals faster

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We are told to write down our goals and create a plan to achieve them.

But for some of us, even if we do that, we still haven’t reached our goals. We look and think, what am I doing wrong? Why is everyone achieving their goals when I seem stuck?

What we learned about writing down our goals is absolutely correct. You do need to write down your goals, and you need to create a plan. In addition to following these two steps, you must also set the right goals.

The first rule for setting your goals is that they should be SMART.

S – Make sure your goals are as specific as possible. Don’t just say “I want to buy a house”. Instead, indicate the type of house you want to buy and how much it will cost.

M – Your goals should be measurable so you can track them. If we use the house purchase example above, you will know exactly how much money you need for the deposit.

A – Set achievable goals within your reach. Don’t aim for the $1 million home when you can reasonably afford a mortgage for only a $500,000 home (Well, at this point in your life, because we believe in growth and growth )

R – Are your objectives relevant? Is it something you really want? According to one of my favorite Jimmy Cliff reggae songs, “You can get it if you really want it”. Make sure your goals are relevant to your life.

J – You must have an end in mind before you begin unless your goal becomes a moving target. I’m not saying that “things” don’t happen that will cause delays. But when you strive to achieve something at a specific time, you create a plan that helps you reach that milestone. So set your goals over time.

Keep track of your progress

Tracking your progress is super important. Remember that your goal is time limited, so you have an end in mind. By tracking your progress, you’ll know just “how far” or “how close you are to your goal.”

That way you’ll know when you need to hit the gas, or you can back out (ie if you’re not super-gifted and want to beat your original timeline).

I always encourage people to take the path of overcoming, just in case life unfolds along the way. Getting closer to your goal early can help cushion any unforeseen events that may occur and set you back.

Maintain the good environment

Your environment is important to achieving your goals. It’s like having a responsible partner. Someone to check in, motivate and point you in the right direction when you stray off course. Having a community of people who support you and share the same vision can help you achieve your goals.

Knowing what your goals are is a good start. Let’s make them happen!

About the writer: Keisha Bailey is an experienced investment strategist who teaches people how to earn passive income, build wealth, and save time by investing in stocks. Keisha teaches investors how to create highly profitable portfolios so they can build wealth faster. If you want to learn how to increase your money, you can reach her at [email protected]

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