Learn to reset your financial goals in 2019 of the Science of Economic Freedom podcast. Doug Fabian, a financial advisor with Mercer Advisors, discusses topics like defining a vision for your financial planning future, setting concrete personal finance goals, such as fully funding your retirement accounts, guiding you to reboot your personal finances.
An opportunity to reset your financial goals in the new year is great, but how do you actually go about doing it correctly?
In “Time to Reset Your Financial Goals for 2019,” I provide you with some precise steps on how to do just that.
The process begins with defining a vision for your financial future. What do you want that future to look like? What do you not want that future to look like?
After defining a vision, you need to set concrete financial goals designed to help you make that vision a reality. Some of these personal finance goals are broad, and some are very specific, such as you want to hire a new financial advisor, or you want to pay off a specific debt.
The next step is to write down three specific financial goals that you want to achieve in 2019. Examples here could be to save 10% or more of what you earn, or to fully fund your retirement accounts, or to generate $50,000 in spendable income from your existing assets.
Finally, I show you how to “SMART” test your financial goals to see if they are Specific, Measurable, Attainable, Relevant and fit your Timeline.
If you’re looking to reboot your personal finances, this is the episode for you.
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