Given that there's so much talk about setting goals these days, you'd think it would be easy. There's also a lot of talk about how difficult it is to save, living paycheck to paycheck. So why is it that personal finance and investing goals seem so difficult?
It's not that these goals aren't "good" or ambitious; they definitely fit those categories. But take a close look at the language.
How do you define "rich"? It's a very subjective statement; being "rich" means different things to different people. Is it money you're after? Maybe it's time?
How do you know when you're rich? Is it based on the size of your checking account or the size of your paycheck? How much of that thing that will make you feel rich do you need? How much do you have today?
What about tomorrow? Twenty-something "rich" is probably a lot different than forty-something "rich".
So what can YOU do to avoid this trap and start being successful right away?
Because it is based on the concept of SMART goals, it is a great way to clearly define what you want and focus your actions.
Click here to open our FREE SMART Goal Setting Template in your browser, or right-click to download it.
Page 1 contains an example goal, and you can create your SMART Goals on page 2.
P.S. If you're not sure what kind of investing goals to start with, I outlined the personal finance goals I used to start my safe investing journey for you to use an example.