How to determine your financial goal?

Before reading this blog, you must read the blog “why people are suffering from financial problems”, after that Then you read this blog.

I hope you all have read my first blog on why people are suffering from financial problems.

So let us know what is the solution to the finance problem. I have already told you, there are 3 processes by which we can solve our finance problem.

What are those 3 processes:

1. Set your finance goal (Finance goal set)

2. Money Management

3. Investment

So let us know “How to set your finance goal”.

List of contents:

1. The goal of our life.

2. What exactly do finance goals mean?

3. Types of finance goals.

1. The goal of our life.

We all have a goal in our life. When we start any work, first of all we decide what our goal is.

Meaning,

What is the goal of a mother, how can she make her child a better person by imparting good values?

What is the goal of a father, how can he earn enough money to fulfill the needs of his child?

What is the goal of a student, how can he study better and pass the examination.

What is the goal of a teacher, how can he create a beautiful future for his students?

When a team starts playing what is its goal, how to win the match.

What is the goal for an employee, how to get all the work done correctly so that he can become the best employee of the company and increase his salary.

So, in this way we all have a goal in our life and we always set a goal every day in our daily life. When we wake up in the morning, the first thing we think about what work has to be done today and how to complete that work and after that we set goals according to our work.

So, in this way we can set our finance goal to become financially strong and achieve financial independence.

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2. What exactly do finance goals mean?

Setting Finance goal is the first step to solve finance problem and achieve financial independence. Unknowingly, we all set financial goals before spending anything, but do not follow any process for this. We set unreasonable goals and spend money on it.

This is why we all always face money problems because we all are not able to set our finance goals properly.

So here is some process of finance goals; by following this process we can achieve our financial freedom.

(Note-: All this is only for middle class and poor people, not for rich class because they already know how to set finance goals.)

3. Types of finance goals. 

3.1. Ultra – Short term goal

That is, what is your goal for 2-3 months,

– Have to buy any electronic product, gadget.

– Have to give a gift to someone. 

– Someone has to throw a surprise party.

– Have to celebrate a birthday party.

– Go to a 5 star or 7 star hotel to eat with the whole family and friends.

3.2. Short & Medium – Term goal

That is, what is your goal between 1-5 years,

– Any small gold product is to be bought as a wedding gift for the child.

– Want to buy any bike or car.

– Want to go on a family vacation after 1 year.

– Want to do some business.

3.3. Long term goal

That is, what is your goal between 5-10 years or even after 10 years,

– Have to buy or build a house for yourself.

– Any gold product has to be bought for marriage.

– Child marriage,

– Higher education of the child,

– Have to travel to a foreign country with family.

– Taking care of health (this is not a goal, but a kind of precautions).

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By following all these types of target processes, a middle class and poor class person can take a step forward to solve the finance problem and achieve financial freedom.

Also comment me your opinion on financial goals.