"The person who makes a success of living is the one who sees his goal steadily and aims for it unswervingly. That is dedication."
- Cecil B. DeMille
I’m writing this blog on “Black Friday,” the proverbial biggest shopping day of the year. How many people, I wonder, are out there this very minute, frantically accumulating more “stuff” (for themselves and others), with little thought for the overall impact today’s purchases will make on their financial goals—if they even have their goals identified. Many, many people do not.
Are YOU a goal setter? If you are, and you’re a diligent planner and implementer, you’re probably a pretty successful person. If not, you can be!
Goal setting is a critically important discipline in every area of life but especially so in the area of finances. Many of your goals will involve substantial sums of money, and it takes planning to reach them. That’s why it’s so important to make a financial plan and set goals that stick.
For each of your goals, you need to develop a financial plan that gets you there. This means determining how much you’ll need to save and invest each month for each goal. It also means exercising self-control (and avoiding the credit card trap) along the way so you don’t sabotage your own plan!
By developing financial plans, you’ll be in a much better position to reach your goals than if you go about it casually. All of this requires effort and discipline, but it’s not that tough once you start and stick to it. You’ll reach your goals sooner and more cost effectively if you become a dedicated planner, saver, and investor.
Looking ahead, which of your goals do you think will require significant sums of money? How have you planned for them? How do you stick to your plan when you’re tempted by “right now” wants? Share your ideas and questions with us; we’d love to hear your comments!