Do you want to have vision for your life and lead a fulffulling life? If you desire things that you don’t currently have then you need to know why it is important to set financial goals to ensure success.
Have your money work for you. Are you sick of living pay check to pay check? Do you dread the prospect of working your entire life? Have you ever wondered how do you get ahead in life? If you have answered YES to these questions then there is hope.
Quite often it is recognizing that you have a problem and a genuine desire to do something about it that will give you the nudge to transform your future. By having a desire for a different outcome in life will necessitate the need to change your priorities. Having goals is the catalyst for instigating real change. This is why it is important to set financial goals.
Basically you can make money via two ways. You can get paid for your work and you can have your assets, your money work for you. By keeping your money for a rainy day under the mattress won’t give you any extra income. You need to work smarter or have your money work harder.
Here are 5 steps to have your money work for you:-
- Recognizing you want a different outcome?
- Identifying the type of investor you are, your motivation to invest and your time frame?
- Analyse your current income generation ability?
- Identify the time you have to learn investing strategies?
- Know where you want to end up?
The basis of all good planning is to begin with the end in sight. Can you visualise the kind of life you desire? Is it possible to retire early? Do you want to be able to travel the world or be able to take the grandchildren for trips to Disneyland? Do you want a condo at the beach or have that house you have always dreamed of? Give yourself something to work towards.
Jim Rhoan said, “If you don’t have a plan then you will become part of someone else’s plan”. What is your vision for your life? Todd Tresidder prioritised building wealth in his life and was able to retire at 35. One size financial planning does not fit all.
In the end if you don’t know where you are going you will never get there. It is possible to retire young. If you take focus, have desire and use discipline. It is conceivable to make a difference to your future no matter what your age is now. You just need to make the decision to change your priorities to have your money work for you to get ahead in life.
2:00 Adpot a frugal attitude
4:00 You need a plan
6:30 Need to prioritize wealth
11:50 One size does not fit all
14:50 Personal growth is a backend product
18:30 Money gives you time to enjoy experencies
19:00 Habititudes – need habits & attitudes
21:00 It’s possible for anyone to change their financial future
To connect with Todd online
Have you listened to the last episode of Retire Well Retire Happy Podcast?
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