Figuring Out Your Financial Goals

figuring your your financial goals

When it comes to your finances, you’ll be amazed at what you can actually achieve if you put your mind to it. Most of the time, my clients dream too small! Believe it or not. If you still have 20+ years of being in the workforce – you have so much potential to achieve your wildest dreams. That’s something that I can promise you. But, in order to achieve your wildest dreams – you first need to know what your wildest dreams are!

When society tells you that you need to go to college, graduate (in loads of debt), buy a new car (tack on more debt), get married (hey debt, nice to see you again), and then buy a house (see the trend I’m talking about?) Why do we do this? Because society tells you it’s a good idea. Because we’re constantly comparing ourselves with our neighbors. I’m here to tell you that you don’t need to do that in that order!

Let me give you an example of what my wildest dreams look like. First and foremost, our focus is getting out of debt. We hate the feeling that debt is constantly looming over our heads and we desperately want to break free from it all. We’re tired of all our money going to these loans and I despise the fact that our interest rate is so high that if we were to actually pay off our loans in the given timeframe that’s recommended – we would have paid twice the amount of those loans. Thanks, but no thanks. I’d rather that money be put in my pocket so I can do whatever I want with it.

Next, we want to be able to retire early so we can buy a tiny home and travel the U.S. To retire early, we’re going to max out our retirement accounts every year and invest in a Roth IRA. We want to be able to travel to underprivileged communities across the globe for a month at a time and help those in need.

You can see that we’re not your typical Americans and we’re totally OK with that fact. I’m tired of running a rat race, for what? To be able to afford a fancy house, fancy cars, and fancy toys that we don’t have the time to use because we’re too busy trying to pay it all off. So, when you’re thinking about your goals – I’m going to push you to think past what society tells you that you need to do. Think bigger than that.

Approach them with an open mind

When you’re thinking about your financial goals. Think about your dreams with an open mind. No dream is too big. Don’t stop yourself from dreaming big because you talk yourself about it being plausible. Give yourself the space to simply dream. Do you wish you and your husband could stay home with the kids together? Do you want to travel the globe for months on end? How about getting weekly massages? All of that sounds wonderful, doesn’t it? Don’t limit yourself because you don’t think it could happen. What if I told you that it could, you would just have to put in a little work.

If you’re interested in booking a 1-on-1 budget review session where we dive into your short and long term goals. I would love for you to put something on my calendar. We’ll figure out how to get you to your dream goals using the budget that you have.

If you could be doing anything, what would it be?

I want you to put on some instrumental music, no lyrics. Find a quiet space in your house, and close your eyes. If you could be doing anything, what would it look like? I want you to write it all down. What sounds do you hear? What does it smell like in your dream space? Now that you’re approaching your dreams with an open mind, let your imagination soar. Don’t block anything that might come up. Let the journey ride out in your head. Don’t rush this experience, if you need a couple of days to really think about what you would love to do. Then take a couple of days to think about it. Genius generally doesn’t strike in a matter of minutes. Take your time and ponder what your dream life would look like.

Don’t hold yourself back – THINK BIG!

I know I’ve already touched on this subject a bit, but I want to expand it a bit farther. Take yourself out of the box that society put you in. Did you always want to be an artist, but your parents never let you? Did you want to own your own business? Or live a completely self sustainable lifestyle? Really push those limits.

Go past society standards

I want to stray away from owning a mansion, 12 cars, and having million dollar parties at your pad – which you can totally do if you rent out your mansion, anyways I think you get what I’m going at here. Don’t think that you’ll be happy because you’ll have stuff. That’s what society wants you to believe. Think about experiences, memories, and moments that you want to capture in your brain. How can you help others and make this place a better world?

When you figure out your financial goals, you’ll be able to tailor your budget to meeting those goals. It creates something to motivate you constantly towards achieving your hopes and dreams. Think big and think life changing goals for you and those that surround you. I know that this community can do wonderful things – we just need to drive that force and change this world for the better.

And yes, I know that I got all big and grand on this blog post, but I truly believe that with the right amount of dedication and determination to meet financial goals that better ourselves and better the community we can change the world. And no, I don’t think we should all become the Dali Lama or Mother Teresa. I know I still have financial goals that could be considered selfish. But, I also have goals that will help better the environment and the community that we live in. I’m ready to stop living the rat race and start contributing back to my community that loved and supported me for too long.