Having financial goals is important for everyone – after all, in today’s consumer society financial security is required for our very survival, not to mention allowing us to live in the level of comfort we desire.
Financial security is considered a Level 2 Maslow need [Refer to the section on Motivational Needs under the “About YOU” tab on the NavBar to find out more] and therefore needs to be achieved in order for us to be happy.
Not having enough money can be a cause of great stress, unhappiness and family arguments. But strangely enough, having TOO much money is also a cause of unhappiness – the endless pursuit of fame and fortune has been the downfall of many ‘high-flyers’, particularly if ethics and morals are compromised in this pursuit.
[Read the ‘warning on consumerism’ under the “Success Secrets” tab on the NavBar to find out more]
So the most important part of setting financial goals is to know exactly HOW MUCH money is enough for you and your family, and then you can go about setting your goals to achieve this.
How much is enough? Well it depends on your lifestyle. But studies indicate that an average family income of $100,000 is enough.
But whether you are making enough money, not enough or too much – what you actually DO with your money can have a big impact on your lifestyle. Someone with a well managed budget can end up with a better lifestyle than someone on a higher income that doesn’t’ have a budget.
So it's about how to MANAGE your money, not just how to earn it. And you can make an immediate impact on your finances by changing how you manage your money.
What can you do? You can:
And don’t forget the important of managing your career – your primary source of income.
Career Choice Guide
features career management and job search information to help you reach your career goals. Written by an experienced career counsellor who has supported close to two thousand clients through the challenges of career planning and job search, Career Choice Guide will provide you with proven strategies for building a successful career.
So having easily attainable financial goals is about taking you head out of the sand and getting on top of all the above aspects of your finances - Check out our sister site Your Money and Finance for more information on all aspects of personal finance including a choice of 2 FREE Personal Finance E-Courses.
And get your family involved too – particularly your kids. Managing personal finances and setting goals is an important life skill for everyone.
Read this article on how to attract money with affirmations for more information, and read up on the Law of Attraction and it’s application in the science of getting rich.
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