Setting and Achieving Financial Goals in the New Year

On this episode of A Wiser Retirement Podcast™, we discuss setting and achieving financial goals in the new year. Casey Smith and Missie Beach, CFP®, CDFA® talk about the art of creating objectives that are specific, measurable, achievable, relevant, and time-bound (SMART). It’s not just about setting goals; it’s about choosing to chase them with a passion that burns brighter than any excuse.

Listen or Watch:

Summary:

Setting goals is a crucial aspect of achieving financial success. It’s important to proactively make things happen instead of just sitting around and waiting on things to happen for you. Many people view the New Year as an opportunity to make changes and set new goals, but you have to make sure the goals you set are intentional and well-planned. They should be specific, measurable, achievable, relevant and time-bound (SMART).

Financial goals are essential, but it is also a good idea to set goals that go beyond just monetary achievements, such as relationship goals. Some people even set goals based on how they want to be remembered one day. There was a client who sent one of our advisors their obituary as an introduction. It’s primary focus was on family and their values, which was a great way to show the advisor what was important to that person.

Sit down with your spouse or even your kids and set goals for the new year. Break them them down into monthly and daily tasks, that way you have a plan to reach those goals going forward. Visualization techniques, such as writing down what one wants to achieve or creating a vision board, can be an effective way to keep goals in focus and track progress towards them.

Links:

Connect:

learn-more-2024

Recent posts

  • 5 Psychological Biases in Financial Decision-Making
  • should i pay off my mortgage before retirement or invest

Share This Story, Choose Your Platform!

Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). As a registered investment adviser, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment adviser’s registration.

Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.

To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.

Sign up for our newsletter!

Our latest blogs, podcasts, and educational videos delivered to your inbox weekly.