Setting Wealth Creation Goals For The New Year
Monday, April 28th, 2008Goal setting is an important part of successful wealth creation. And as we all know, this is the prime time for setting new goals for the year.
Looking Ahead To Wealth Creation
Envisioning your financial success is one of the ways we succeed in wealth creation. Form a vision of where you will be at this time next year, and let if guide you as you set the goals—the path to financial freedom—that will get you there. The practice of setting New Year’s financial goals starts (as we laid out in the last post) with reassessing the year past. With a firm grasp on your current financial picture, make a plan to take you through the next 12 months; make it a plan that ends much better than it starts. No matter where you are in wealth creation, there is always room for more…
Make Wealth Creation Goals Meaningful For You
Everyone’s financial goals for 2008 will be different. Every one of us is starting at a different place, at a different point in wealth creation efforts, and at a different level of understanding of wealth creation.
• For those of you just starting out, and also for many of you who have yet to make a strong showing of investing, the best goal for you might be to find the money that will fund your efforts at creating wealth. Take a look at the list of places we talked about before and figure out where your money will come from.
• Of course, you’ll also need to decide where you will put that money to grow it and make money, but first give yourself a level of protection and spread the wealth around in your life. Take a look at what Jamie McIntyre calls the ‘bucket’ concept; having buckets of wealth will help minimize your investment risks.
• Make it your goal to continue your wealth creation education. No matter where you are in wealth creation, you can always learn more and find new ways to put your money to work for you.
• To this list, add anything that will help you improve your financial future in the year ahead.
One goal worth a mention by itself is savings. If you’ve read Jamie’s book, you know that building a base of savings is imperative to wealth creation and financial success. But almost none of us do it (the wealthy are excepted). This year, set a dollar-figure for straight savings, and work to build a habit of savings—no excuses!!
Wishing you loads of financial success in the New Year…
Sean Rasmussen
Wealth Creation Blog
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