To successfully achieve financial goals, it takes a lot of commitment and determination. It is hard and challenging. The journey is filled with many distractions and temptations but when you make it – ‘Oh, what a feeling!’
The incredible sensation of satisfaction with endless fist pumps is a very rewarding feeling. This is the reason why helping clients make positive financial behaviour changes is satisfying and fulfilling.
Helping clients make positive financial behaviour changes starts with goal setting.
Goal setting is a process all clients must go through, and this experience affords time. Time to reflect and to prioritise what is important and meaningful to them. It is a fantastic opportunity for clients to think about their past behaviours, challenges and experiences and to gain new perspectives. It is also a much-needed chance to learn from the past, and to look forward to the future with renewed energy and with a fresh outlook in life.
Once goals are set, then it’s all about working towards attaining them. This is where ongoing mentorship and coaching becomes a crucial job of the adviser to set in place realistic and measurable outcomes coupled with an easy to implement action plan.
Engaging clients with proven concrete methods helps to keep them focused on sustaining a healthy long-term financial behavioural change to get things happening and done.
Achieving goals is a journey that requires determination, focus and the will to want to succeed.
Here are 5 essential tips to keep you on track and motivated:
1. Never give up! – once you set forth on your journey, don’t look back or sideways, always keep looking ahead and stay committed. Make a list of your goals, and stick them on the fridge. Every time you open the fridge you will be reminded of your goals and priorities.
2. Just do it – don’t procrastinate. Take action and enjoy the milestones to achieving your bigger life goals. Engage your adviser, talk to them, and get him or her to keep you accountable and motivated. They are your support crew and your biggest motivator.
3. Overcome the challenges – don’t get distracted. Life is full of curve balls, and if you feel like nothing’s going your way, stop and reassess your goals. Take the time out to remind yourself of your priorities and what’s at stake here. Remember this is your life and only you can make a difference.
4. Celebrate the wins – you deserve it. It’s important to do regular check-ins with your adviser to review, reassess and adjust. It’s also a great time to appreciate the wins along the way. Keep up the momentum, and appreciate your successes.
5. Keep it real – be realistic. It’s never going to be plain sailing and your journey will be confronted with u-turns, roundabouts and one-way streets. There are things that are totally out of your control like changes to legislation so your plan and your mindset needs to be flexible and adaptable. Being able to quickly adapt to changed situations is essential if you want to get what you want.
Information in this web page is based on regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Financial Wisdom, its related entities, agents and employees for any loss arising from reliance on this document.
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.