Wednesday, 20 March 2019
BREAKING NEWS

How to accomplish your financial goals in 2019 – Big Country Homepage

Information from Sutton Financial Group

Get Inspired

It has been said that work without vision is drudgery. How do you get inspired?

* Start by PICTURING and FEELING where you want to be financially by December 31. Attach a positive emotion to the vision of your future over the next 12 months. What do your financial circumstances look like in twelve months? What does that feel like? Things like, “Hallelujah! No credit card debt.” “Whew! If I die unexpectedly, my family will be taken care of,” “Sweet! I’m on schedule to retire,” may be good examples. Write that vision down or make a collage of pictures and put it somewhere you will see it frequently.

* Remember, don’t take yourself too seriously. Life is about the journey, not the destination. Destination is the same for everyone, death. So, enjoy the process of living and bringing your visions to life. Thomas Edison said, “I haven’t failed. I’ve just found 10,000 ways that won’t work.

Assess Where You Are Financially

You can’t start your journey towards your vision without knowing where you are. Ever try to get directions when you don’t even know where to begin? On a simple excel spreadsheet which you can find on our website at suttonfinancialgroup.com, list the following: income versus expenses, assets including retirement accounts, debts including interest rates, life insurance including type and face value, and notate where your estate planning documents are like your will and powers of attorney. This gives you a visual picture of where you are.

Determine Where You Want to Be in Twelve Months

On the same spreadsheet or create a different one, determine what you wish to achieve. Set the goal and objective. For example, “I will have $6,000 in my emergency fund by December by putting $500 per month into a savings account.” Be specific. Categorize and prioritize your goals. For instance, “priority #1, debt. Priority #2, retirement savings. Etc” If ALL you do in the next twelve months is accomplish priority #1, then you have SUCCEEDED!

Break it Down

Your body breaks down what it consumes into useable elements. So too must we with our goals. Joe Girard said, “The elevator to success is out of order. You’ll have to use the stairs…one step at a time.” Ships call these steps waypoints, or places on the map they have to go through in order to reach the destination. What are your way points? For instance, to find my $500 per month to put on debt, what expense will I reduce? What subscription will I postpone until my goal is met?

Monitor

Once you have been inspired, assessed where you are, determined your destination, broken the trip down into easily described way points, now monitor your progress. Talk with a friend and set up a reporting schedule or even a friendly wager or competition to celebrate your arrival at each way point. What if you get an unexpected tax refund of $2,000 and you place that towards your $6,000 emergency fund goal! Call your friend and celebrate the waypoint…just NOT by spending that $2,000!

Reassess and Evolve

Storms may blow, or waves may get tall this year. But, that doesn’t mean you can’t reach your destination! If you fall flat on your face, you’re still moving forward. Just take different waypoints! Evolve with the times. Life should be enjoyed. See the clouds for what they are and simply take a different route.

In that whole financial process, you may wish to hire a financial professional who has experience in these matters or has connections or insights you haven’t seen yet. Don’t hesitate to give them a call.

Sutton Financial Group
2449 South Willis Suite 106
(325) 437-0709
suttonfinancialgroup.com

 

Source: https://www.bigcountryhomepage.com/entertainment/ktab-4u/how-to-accomplish-your-financial-goals-in-2019/1678217767

« »

Leave a Reply

Your email address will not be published. Required fields are marked *