An opportunity to push the reset button in the new year is great, but how do you actually go about doing it correctly?
In Episode 42 of the Science of Economic Freedom, “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 goals designed to help you make that vision a reality. Some of these goals are broad, and some are very specific, such as you want to hire a new accountant, or you want to pay off a specific debt.
The next step is to write down three specific 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 goals to see if they are Specific, Measurable, Attainable, Relevant and if they fit your Timeline.
If you’re looking to reboot your finances and get them functioning properly in 2019, then Episode 42 is for you.
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