Here is a comprehensive guide to setting SMART goals to financial freedom and success. FMTNews SetGoals
When it comes to goal-setting, create specific, tangible targets as you are more likely to accomplish these.
Setting out a list of financial goals can seem overwhelming. What areas should you investigate? Should you plan one-year or five-year goals? Where and how do you start?1. Identify what you want to achieve and why The “why” is as significant as the goal itself since it will place your goals in context and help you organise and prioritise them.For example, the shoes above. Given time you may realise, it’s not that important, after all. You already have a pair of suitable shoes. Better utilise the funds for investing instead.Savings for children’s higher education.Develop income-generating skills.Write down SMART goals that are specific, measurable, achievable, relevant and time-dependent.
Find out how much money you’ve got ie checking or investing accounts, paid-off vehicle, savings and physical assets. Your priorities on goals depend heavily on your specific situation, expectations, and principles. Contact an impartial financial planner for additional personal advice.5. Create an action plan to accomplish each goalExample 1: If you want to save RM5,000 for a family holiday in a year’s time, the actionable element might be “every month, place RM500 in a holiday fund”.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore to co-host 2020 Smart China ExpoCHONGQING: Southwest China's Chongqing Municipality and Singapore will co-host the 2020 Smart China Expo, according to a letter of intent signed by the two sides.
Read more »
Bang & Olufsen launches new wireless smart speakerNew Bluetooth Beosound Balance speaker offers the latest in refined design, but at a cost that many will find surprising. FMTNews FMTLifestyle
Read more »
Poor SPM results don't mean the end of the worldLETTERS: EVERY year, less than two per cent of the nearly 390,000 students who sat the Sijil Pelajaran Malaysia (SPM) exam were considered high achievers. The remaining 98 per cent who did not score all As or missed an A for a single subject would feel miserable.
Read more »
I have ‘.my’ dream | The Malaysian Insight
Read more »
Derby cracker on the cards at Old TraffordTHERE is plenty at stake when the Manchester derby kicks off tomorrow at the Theatre of Dreams.
Read more »
Covid-19: Wisma MCA steps up preventive measures after lawyer at KL Bar AGM tests positiveKUALA LUMPUR: Wisma MCA has initiated epidemic preventive measures and is disinfecting the auditorium, elevators and offices in the building to contain and prevent the possibility of the Covid-19 outbreak spreading.
Read more »