Financial Goals 2019

Hi there, welcome

Today let's discuss those 2019 Financial Goals.

What is the status of your 2019 Financial goals? Are they out the window or still on track?

So, 2019 is here and we are well into the year. Did you have any financial  goals you want to achieve for the year? If so, are they written down somewhere? You are more likely to accomplish these goals just by writing them down. You have to revisit them to make sure your actions and behaviors are in line with your goals every step of the way.

If your finances are in shambles and you feel like you don’t know where to start, I want to repeat, write them down and plan to spend time each week to review them. Like Don Connelly said, what's the point of setting these goals, if you have no plans to tackle them. If you just want to save or pay off a debt, write it down and put them in a place where you can see them. I recently created my vision board for the year. It's in a place where I can see it every day. My 8-year-old daughter also created her vision board for the year and every day I ask her to look at it and do just 1 thing towards 1 of her goals. At the end of the day the small things do matter and add up. With all that said, are you still actively working on and planning to achieve those goals? If you are that’s great! if not, why not? what are you waiting for? I know it's easy for life to get in the way sometimes. You must prioritize it, if it's important for you, make a priority, a commitment you must keep.

If you did not set any goals, it is not too late. 

  

Here are some goals you can set to help you get started in 2019

1.   Create a budget (this will help you track your spending and help you identify successes and failures). Financial goals help savings grow.

2.   You can build an Emergency Fund (imagine the excitement of just having funds sitting in your acct to provide peace of mind in case of an emergency)

3.   Pay off some debt (imagine paying off your debts & you get to keep what you use to give to creditors)

4.   Work on improving your credit score (This is important if you plan to make a big purchase in the near future)

5.   Keep track of your spending (just by simply tracking your spend will help you spend more mindfully)

6.   Avoid unnecessary spending (If you avoid frivolous spending you can better allocate your money to help achieve your goals)

You can choose financial goals by taking time to schedule a meeting with yourself or your spouse to review your current financial situation which will definitely set you up on the right path.

Tips to help you stick to your financial goals

1.   As I mentioned above, first step is writing them down and define why you want to achieve these goals

2.   Revisit your goals weekly, monthly to make sure you stay on track

3.   Specify specific actions or steps you will take each day, week or month that’s going to help you achieve your goal (s)

4.   Identify resources, skills needed to achieve your goals and if you're missing something that can help, identify how you will fill the gap. Personal example: I want to start actively trading on the stock market but, I haven't done it in over a decade and even when I did it, I didn’t have all the knowledge I needed, now that I have decided I want to do it again, I called my broker to get my username and password, I took a 3 day intensive training and decided I need more training and have registered for a few courses at the community college to better equip myself for success in my goal to supplement my income via the stock market. 

5.   Commit yourself. If you are doing something for you to better your life. Give your all. The energy you use to get up and go to work on time to complete tasks to meet work goals. when you are doing something for yourself, you need to amplify that energy times 10 and become just enough obsession to light your fire all the way to the finish line. 

6.   If you start something finish it, just to prove to yourself you can do it and did it. I use my lunch breaks at work most days to go to the gym and get on the treadmill for 40 mins, in that 40 mins most days I am self-talking in my head pass the music I'm already blasting in my ear drums. Telling myself, the time is going to pass me regardless, so I can either finish my run strong or get off the treadmill with regrets after the time has passed because then I will realize I missed an opportunity. Overtime you will find yourself building mental toughness on your way to greatness!

I’ll stop here before I write a novel😊

Key Takeaways

1.   Write down your goals and look at them weekly, make sure your financial behavior matches your financial goals. know your why?

2.   If you are missing resources or skills that will prevent you from reaching your goal. Find a solution to fill the gap

3.   Stay motivated, I use self-talk. Find your avenue of staying motivated and keep momentum

Thank you for visiting, I hope you enjoy and found this helpful. If so, please subscribe and share. Until next time...