The Power of Dream

If there is one thing I can do today ...it is to " to inspire you to have a dream, hold on to your dream, making it success."

Saturday, January 16

 

How to manage more than one financial goal?

 Just as you have many task to work on within a limited time frame for a project, you most likely would have many financial goal to achieve...

if you have many task, you have task 1, task 2, task 3, task 4, task 5, task 6, task 7, task 8...etc, what do you do? - prioritize it

Prioritize simply means find out which is really most important, out of the 10 task, there must be 1 or 2 task which is most important, get those done first.

the same concept apply when organize your financial goal.

e.g.
You want to get a brand new Toyota/Lexus cost you monthly installment of few thousand.
You want save few thousand for investment in short term says 5 to 8 years time

there are two different goal, which one do you judge more important?
and which one give you peace of mind? rather some satisfaction for a short moment, then follow by increasing financial burden, which will cause you stress when bills come at the end of the month and you wonder why you can't pay the bill.... - planning.

Planning - plan first. by organizing your income to the most important financial goal e.g. saving 20%
plan and you will be stress-free, you feel much in control of your life.

so, happy planning.

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