The Financial Reader was created to empower regular people to take control of their approach to finances. Whether you like it or not, finances control our everyday lives. Your financial situation controls where you live, where you work, what you eat, when you vacation, and more. Essentially, financial freedom is synonymous with true freedom. If you want to be able to do the things you enjoy, you need to take control of your financial situation.
Everyone will have different financial goals. Some aspire to become wealthy and get a taste of the finer things in life while others simply want to remove the burdens of financial stress. Regardless of how modest or ambitious your financial goals are, you will follow the same practices. You need to adjust your financial activity to set yourself up for success.
Goal Setting
The first step towards financial freedom is setting your goals. Makes sense, right? You can only accomplish a goal if you define it. Here are some common goals:
- I want to eliminate my debt
- I want to save up for my first home
- I want to go on more vacations
- I want to prepare for a comfortable retirement
- I want to increase my income
- I want to have my money work for me
You may have a single goal or you may have multiple. Your goal (or goals) should be as specific as possible. Don’t say, “I want to get rich.” How will you measure that? Be specific and hold yourself accountable. Say, “I want to increase my salary by 10%” or “I want to save 20% of my monthly salary and invest it in something that will return 10% each year.”
Specific goals are measurable, which means you can account for them.
Goal Fulfillment (Creating the Game Plan)
Setting your goals is the easy part. Hopefully, you made them realistic because the next step is creating a plan for achieving them. This will require an adjustment in your behavior.
You need to rethink your approach to finances.
If you want to save an extra 10% of your paycheck every month, where will the money come from? Maybe you need to cut back on certain monthly expenses.
If you want to plan one vacation every year, you will need to factor that into the budget.
Every game plan will be unique – the content on our site is designed to help you reach your goals.
How The Financial Reader Helps
The goal of The Financial Reader is to help you set and achieve goals that put you on the path to success. We provide lessons and tips that help you better understand financial mastery. This may include lessons about financial advisors, tips for budgeting, or information on the stock market. Our content is broadly focused on helping demystify the financial world, allowing you to master your own personal situation.
