Have you ever thought about what you want to achieve in your life?
Have you ever thought of what you want in the next 5-10 years?
Have you thought about fulfilling your dreams or setting up of any goals which you want to accomplish?
Why goals are important?
Setting goals is an important part of one’s life, whether it is personal or professional life. Setting goals is like giving targets.
Setting goals can be for personal or professional life.
To accomplish your goals, you will need to know how to set them. Setting the goals will give you a direction to achieve them and also will give the right focus, as without setting goals you will not know what you will need in the near future.
Check out the video to know more about goal setting importance:
What are SMART goals and how to set SMART goals?
To start with, first you should set up SMART goals:-
| SMART | S – This stands for SPECIFIC i.e. your goal should be direct and meaningful which can be accomplished |
| M – This stands for MEASURABLE i.e. you are able to track your process | |
| A – This stands for ACHIEVABLE i.e. it should be within your scope and possible to achieve | |
| R – This stands for RELEVANT i.e. the goal which you want to achieve is worthwhile to you. | |
| T – This stands for TIME BOUND. Every goal should have a deadline or should be achieved within a particular time frame. |
It is very important to consider that what you want to achieve. You should list down the goals which you want to accomplish in future. Goals can be short term (up to 1 year), medium term (1 to 5 years) or long term (5 years and over). After listing down the goals it is very important to prioritize the goals. This will help you to first achieve the goals which are more important and are on top priority.
Conclusion
To live a stress free financial life, one should start working on its goals and implement a proper investment plan to achieve them on a timely basis. Try setting up goals in your life and track them on periodic basis to live a happy smooth financial life.
