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#004: Why DIRECTION Is The ONLY Way To Get Financial Confidence
Episode 424th August 2020 • Money Boss Parent • Anna Sergunina
00:00:00 00:15:40

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It's always good to get away from where you are. It's a manner of goal setting that you need to have something to look forward to at the end of the year, month, or even week. Goals are only accomplished when you understand what's waiting for you on the other side after all and this is especially true for financial goals.

Did you know that less than 5% of the population really have financial goals. Yes people have a dream of where they want to go but they don't map out how they are going to get there. Most people in this world are scared to plan out the exact strategy to financial freedom because they fear they don't have the ability to get there. That's all because they don't understand the real framework of setting financial goals.

Let's say you want to buy yourself a new car, it's important to first remember the time in which you want to buy it and also the increments you need to get there.

I never give any financial advice to my clients or anyone really who doesn't first understand where they are trying to go. If you ask me whether you should put your money into the stock market or real estate I always will first ask "Where are you at currently in your finances and where do you want to go?"

The financial goal framework that you can implement today is:

  1. Decide
  2. Write down your deadline (DON'T WRITE IT DOWN)
  3. What's the dollar cost and how are you going to increase your cash in or decrease your cash out to get there?
  4. Commit
  5. Have someone keep you accountable

You can become the boss of your own money and not simply "save up" for retirement but also maximize the amount of joy and freedom you have today through setting actionable and sustainable financial goals. To make sure you have your own financial plan and goals set be sure to grab your FREE money map at https://www.mainstreetplanning.com/services/money-roadmap/

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