Do you have a habit of setting wealth goals? Do you know how to do a good job of wealth planning?
Is it that the previous plan is always unrealizable, so it is simply not done?
Don't worry, I'm going to share with you today tips for setting clear, achievable wealth goals:
First, let's take a look at the SMART principle.
Smart is an acronym for specific, measurable, achievable, relevant, and time-bound, which represent explicit, measurable, achievable, relevant, and time-bound, respectively.
This principle was first proposed by Peter Drucker, the father of modern management, and it can help us achieve goals that are clearer, more achievable, and easier to measure.
So how do we apply the SMART principle when setting financial goals?
Here's an example:Clear:I hope to buy a 150,000 car in the next three years.
Measurable:I plan to save at least $50,000 a year to accumulate $150,000 in three years.
Achievable:Considering my current salary and expenses, saving $50,000 a year is a realistic goal.
Related:I love to travel by car, and owning my own car is one of the long-term financial goals.
Time-bound:I plan to achieve this goal in the next three years, so I set a clear deadline.
Have you learned? Use the SMART principles to set your 2024 wealth goals for yourself now! It will definitely be achieved in 2025, let's work together!