MONEY MISTAKE #9: NOT SETTING FINANCIAL GOALS

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MONEY MISTAKE #9: NOT SETTING FINANCIAL GOALS
Nelson Semanu BOANDOH-KORKOR, Elizabeth BOANDOH-KORKOR & Enoch Dzah

Rich people believe ‘I create my life.’ Poor people believe ‘Life happens to me.’

~T. Harv Eker, Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth The secret to wealth is simple:

Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more.

Tony Robbins, Author, 7 Simple Steps to Financial Freedom

WHERE IS NO GOAL…!

How much are you earning now? How much do you want to be earning in the next five years? What should you be doing to earn that amount? What is your career plan? When do you want to quit your job? What kind of work will you be doing in the next five years? The easiest way to become successful in anything is to set a goal and work towards it. As simple as this seems, majority of people do not set financial goals. Ultimately, the absence of a financial goal makes it exceedingly difficult to achieve financial success. 

YOU NEED ANSWERS FOR THESE QUESTIONS.

Questions such as: When do you intend to become financially independent or free? When do you want to retire? Set specific financial goals Are you currently in debt? Do you have high-interest paying debts? What is your debt management plan? How and when do you intend to get out of debt? When do you intend to build your own house?

When do you want to retire? What kind of life do you want to enjoy after retirement? How many personal finance books do you plan to read a month or a year? Setting financial goals and developing effective strategies towards them is a regular habit of rich people.

The rule is this: you cannot achieve success in things you care less about. You cannot become financially successful if you do not develop a plan for your financial life. Most people desire to become financially successful, but they fail to set financial goals that can take them to their destination. This is an extra money mistake you must avoid!

 

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