Why Making Money Shouldn't Be Your Only Goal in Life

Goal to make a lot of money

But it takes guts to turn those dreams into goals and get things done. What Are Financial Goals? You probably plan out other life goals especially around the new year —things like getting fit or healthy, becoming more intentional with your time, or learning a new skill.

But what about starting healthier, more intentional money habits? Financial goals are where you want to be with your money in the next five, 10 and 20 years. Or even next year.

Goals are dreams in action. And the first step to putting them into action is writing them down. So, give your financial goals breath.

Write them down. Where do you even start? Start here—with this list of 10 financial goals: 1. Create and stick to a budget. If not, get started so you can knock out all your other money goals. Build up an emergency fund.

How to Set and Reach Your Financial Goals

Life happens. Get out of debt. Um, more like the Check out this debt calculator to see just how quickly you can say goodbye to those payments for good. Live on less than you make. The best way to get ahead is to stop getting behind.

You just have to start living on less than you make. So, what does that mean and how do you get there? They cover saving, getting out of goal to make a lot of money, and building wealth. Spend less and save more.

3 Reasons Why “Make More Money” is a Stupid Goal

Save money to pay cash for big items. It just means you need to have a plan for them.

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Cars, furniture, technology—these things can get expensive. But having dollar bills in hand to pay for these items—in full—is a fabulous financial goal.

Stop living paycheck to paycheck. That might not sound so bad at first. Living like this is about as secure as using a parachute made of cotton candy.

Guess what will get you out? Making a plan with your money! Go for great. Pay off your home. Home is where the heart is. The work is hard, but the payoff is more than worth it. Save up funds to help your children pay for college. Because guess what? Whatever you do—never take out a loan or let your kid take out a loan for college. Live your retirement dreams. As you imagine your golden years, what do you see?

Do you want to pack up an RV and see all of America? Read every book on your shelves? When you stop working, your income goes away.

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Financial goals give life and direction to your dreams. Instead, set financial goals to help you reach them! Write out your goals. So, get to it. Create accountability. Find a trustworthy person to talk through your goals with.

Use the 7 Baby Steps to guide your goals. If you look over that list of 10 financial goals, you might feel a little overwhelmed. Where exactly do you start? Walking this financial journey all the way to retirement is a long and winding road, so you should take one baby step at a time.

The Top 10 Good Financial Goals That Everyone Should Have For 2021

Track your expenses. And the rest of your house. You just drag and drop them to their right line.

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Keep your shoes unchewed and your spending in check. Become more self-aware. So, in this case, listen to Socrates. Being more self-aware is one of the top keys to crushing any goal. Know your money weaknesses and set up a plan to avoid or overcome them. Know your money strengths and build on them as you celebrate every victory big and small. Reevaluate your goals every now and then. Life changes.

  1. Money Is A Tool, So Stop Treating It As The Goal
  2. 10 Best Financial Goals for the New Year
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  4. 7 financial goals to set you up for success

People change. Reevaluate your money goals every year, every six months—and maybe every month if you want! Make your goals happen. Goals are dreams with work clothes on.