We have dreams! Be it a month-long trip to your dream place, be it watching a football match live at the stadium, or be it achieving your financial independence with a life — free of debts, in your 30s!
We work on different kinds of goals to achieve a certain something. To need that desired body, we work on ourselves. To attain a healthy lifestyle, we work on our health, diet, and lifestyle choices.
But what are financial goals? In order to turn our dreams into reality, we set financial goals — short, mid, and long term. By setting financial goals, we prepare our dream ship to sail seamlessly. Let’s understand what are financial goals, and why do we need them, in simple terms.
What are financial goals?
Financial goals are the objectives we set for ourselves on how to save and spend our money over a period of time. There can be three types of goals — short-term (6 months to 5 years), mid-term (5 years to 10 years), and long-term (10+ years).
By mindfully setting the right goal, you can achieve your dreams without any hassle. There can be dreams that might require you to be financially sound and healthy, right?
To improve your financial and mental well-being, you need to prioritize having the right objective backed by precise knowledge and analysis, and align the objectives with your dreams.
Why is it so important to have a financial goal?
Let’s understand this with another real-time example? Let’s assume, You are appearing GMAT in another 3 months and you have a full-fledged syllabus to prepare!
To get that merit score (Dream), you set a doable routine (Goal) to follow every day. With every passing day, you prepare according to your routine to ensure your accountability towards getting that perfect score. Each day you put a considerable effort towards completing the syllabus. With an honest and consistent contribution every single day, you complete the syllabus without any last-minute hassle.
As you couldn’t have completed the entire syllabus 3 days before the exam without a proper routine, similarly you cannot achieve your dream without having goals for it. In the case of money, what gets measured gets done! With the regular contribution and measured progress, you head closer to achieving your dreams. Financial goals give a sense of accomplishment towards working on your dreams. To make sure that it’s happening for real, you can track and keep optimizing your plan with the right knowledge and analysis backed by an expert’s advice.
With GETO’s #DreamPlan, you can define your dreams and financial goals to our Geto Experts and prepare a customized structure to achieve your dreams and financial independence. Create an achievable plan to follow in order to achieve your dreams!
GETO (www.getoapp.com) conducts cohort Masterclasses where you get to discuss your objectives, learn from Industry Experts and connect with your fellow mates.
Want to attend one? Stay tuned!
Or, reach out to us at connect@getoapp.com
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Cheers!
