Getting ahead financially need not be hard! Break down tasks or goals into smaller steps or bite-size chunks that are easy to knock over and move forward.
These days with so much information freely available, you can virtually become an online expert in any subject matter, even financial planning. However, too much information to decipher can quickly become burdensome, and extremely time consuming.
Getting clients to think about their life goals is an important step and a life changer but it doesn’t stop here. This is just the beginning of getting financial freedom or independence.
Taking action is a challenge and the hardest part. No one enjoys being told what to do but it seems most clients are willing to be inspired and motivated to make a change.
Can you adopt some of these tips?
- Know your goals and get a plan
Where do you want to head to? What does it mean to achieve financial success?
Imagining the big picture and beginning with the end in mind provides clarity, purpose, motivation with a sense of control and confidence of, “Yes, I can do it.”
Don’t overcomplicate things. Jot down 2 to 3 bullet points of what it is you would like to achieve, big or small, and WRITE them down. This is the first important step done. Now, move on to the next.
2. Don’t procrastinate, talk action now
When is the right time to start planning for your financial future? NOW!
It is never too early to think about your future but more importantly learn to take decisive action now, not later.
You’ve worked out your goals and have a plan so what are you waiting for? Take action and start following your plan.
You may find it easy to do it DIY but if you lack the motivation or the accountability then work with an adviser and get them to keep you accountable. As they say, it’s always easier when you have a friend or a personal coach to exercise with because you have committed and you don’t want to disappoint your friend or waste your money and time by not showing up for your paid personal work out.
The same applies to financial planning. If you’re constantly failing to take action then get an adviser to inspire and motivate you along.
3. Want to learn and stay informed
How much do you earn? How much do you save each month? On what and how much money do you spend?
Get to know and understand your financial position. Be in control of your future.
There are so many apps or budgeting tools available these days to keep you aware and informed of your financial situation.
It’s good to get a reality check, and either be surprised at how well you are saving or shocked at how much you’re spending!
Without this basic understanding, it’s hard to know what to plan for. But don’t just stop here, read your financial statements, do regular check-ins with your adviser and surround yourself with like-minded people who like, and want to constantly self-improve, and make the most of their life.
Stay on top of things and stay out of the dark. Take an interest in your financial situation, and work with others to get it healthy, and in tip top shape.
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This web page may contain general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.