Dreams and Goals

 

 

 

Your financial decisions are made for short-term gratification/satisfaction or to help you meet longer-term goals and needs. Your goals are all intimately intertwined, and each financial transaction you will ever make moves the needle in some form or fashion, for good or bad, on your entire basket of dreams and goals. This is why it is so important to plan them accordingly and with intention. 

Goal-Setting:

Setting goals for yourself is critical for personal, professional, and financial growth and development. A popular saying states, "a goal without a plan is just a wish." This is absolutely true and even more relevant to our financial goals. As you can see below, there are numerous types of goals that you, and everyone else, have. One common theme with almost every goal that a person has is the impact of financial decision-making on the ability to achieve goals we set.  Want to improve your health and fitness? What does it cost to join a gym and buy healthier foods?  Do you desire to advance in your career? What does it cost to finish that certification or degree?  You see, no matter what our goals are, there is usually a financial component that needs to be considered.

 

Types of Goals in your Life.

 

 

 

 

 

 

 

 

 

 

 

Business: Do you want to work for yourself or maybe have a rental property? 

Personal development: Are there skills, activities, or experiences that you would like to incorporate into your current lifestyle? 

Family and relationship: Want to have a family someday? Maybe pay for your children's education?

Health and Exercise: Are there any health and exercise goals that would improve your quality of life but impact you financially? 

Professional development: How could professional development increase your current professional career? 

Spiritual: Is tithing an important consideration for you?

Wealth and Financial: How can improving your wealth and financial goals improve these other aspects of your overall wellbeing?

 

When you decide to sit down and turn your "wishes" into "plans," a great way to break your goals down is by implementing the S.M.A.R.T goal planning philosophy.  Be sure to check out the module on SMART Financial Goals coming soon. 

 

Learning Checkpoint:

Optional activity: Draw Your Financial Dreams Links to an external site.

 

[Chapter 1] Finances and Emotions

[Chapter 2] Dreams and Goals

[Chapter 3] Financial Influences

[Chapter 4] Behavior Change

[Chapter 5]  Your Money Story