Creating a financial plan - Goals

Having a financial plan is important to keep on track. To avoid emotional financial decisions, and a scattered approach to doing what’s trendy at the moment. It doesn’t mean that it cannot be changed if your circumstances change. 

But before launching into a plan it’s important to know what your goals for the money is. Money is just a tool that can help you do what you want in  your life. Whether it’s to buy a house, a car, get out of debt, be able to enjoy life without being afraid of spending money (one of my personal issues). or it could be that you want to become financially independent to not have to depend on your job for income. Do you want early financial independence? Do you want to be able to work less or work part time? Do you want passive income so you have your money work for you instead of you working for money?

How do we get clarity on our goals? Journaling is a great way to start, by writing down the thoughts we have, often we can get more clarity this way. Talking to people, friends, family can also be helpful, however oftentimes friends and family have their own ideas about what they think is best for us in a well-meaning way. And we often get our “money stories” from our family, who may want to reinforce them. Talking to an unbiased person or coach can sometimes help. Please don’t hesitate to contact me if I can be of any service. 

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