Short Term Goals and Long Term Goals

There are two basic types of goals: short term and long-term. You need both working together to reach your ultimate goal. Your day-to-
day, week-to-week, month-to-month goals all have to be in line with your ultimate goal so you can achieve it in the time you set out.

A short term goal is a goal you can achieve in 12 months or less. Examples include:

 Take a class
 Buy a new television
 Write my resume

A long-term goal is something you want to do further in the future. Long-term goals require time and planning. They are not something you
can do this week or even this year. Long-term goals usually take 12 months or more to achieve.

Here are examples of goals that can take several years to achieve:

 Graduate from college

 Save for retirement
 Have my own business

�Tips for Setting Long-Term Goals

 Work backwards. Think about what you want to achieve then plan steps going back to what you can do right
now.
 Create a picture of where you want to be in life 10 years from now.
 Think about what you need to do in five years, in one year, and in six months to get to your long-term goal.
 Write down what you need to do each month to achieve your goals.
 After each monthly goal is achieved, look at your goals and adjust them as needed.

�Prioritizing Your Goals

How do you decide what to do first? How do you adjust your goals? This is called prioritizing.

Prioritizing means that you decide what is most important to you right now. All of your goals are important, but it's impossible to work on all of
them at once.

 Choose what is most important right now.

 Focus mainly on that goal.
 Add additional goals as you become comfortable with your efforts.
 Being flexible is important. Change your focus on goals as your life changes.

Financial Freedom
Financial freedom has to be personal. Dream big and get specific about your goal.

What does financial freedom look like for you? Maybe it looks something like this:

 Freedom to choose a career you love without worrying about money

 Freedom to take an international trip every year without it straining your budget
 Freedom to pay cash for a new ski boat
 Freedom to respond to the needs of others with outrageous generosity
 Freedom to retire a whole decade early

✔ Learn How to Manage Money

You won’t get ahead if you don’t have a plan for your money. Instead, you’ll find yourself wondering where your money went at the end of
every month! That’s not financial independence—that’s a recipe for financial disaster.

Building wealth is impossible if you’re living paycheck to paycheck. Give every dollar a name before the month begins and track your
spending throughout the month. If you consistently overspend or underspend in certain areas, you can always adjust the amount in each
category.

Budgeting is important to get your finances on the right track, but it doesn’t end there. Even once you achieve financial freedom, you’ll still
complete a unique budget every month. No matter how much money you have, you need a plan. You won’t get to financial freedom on
accident. Budgeting is the first step to building wealth on purpose.

✔ Clean Up Your Finances

Once you start learning how to manage money, you may realize you’ve made some mistakes with your finances in the past. But if you
want to experience financial freedom, you have to clean up the mess before you can start building wealth. Throw all of that extra cash
at your smallest debt until it’s gone. Paying off debt is hard work, but there’s nothing like the feeling of actually keeping the money you
bring in every month!

Once you’re debt-free, stay there. For good. Having debt undermines your ability to build wealth and puts your financial plan at risk. It’s
simple. Steer clear of debt!

✔ Be Smart About Your Career Choice

Your biggest wealth-building tool is your income. So when it comes to choosing a career, there are a lot of things at stake. There’s no reason
to stay stuck at a dead-end job, especially if it’s making you miserable. Finding a job you enjoy that also supports your goals of financial
security will help you enjoy the journey.

✔ Learn About Your Investment Options

There are several investment options available in the market. The good news is the sooner you start investing, the more time your money
has to grow. That’s the power of compound interest at work.

✔ Be Active in Your Journey to Financial Freedom

Making the right investment decisions is the first step, but staying in tune with your fund performance is crucial to getting the most out of your
investments. Financial freedom is about more than just being able to cover unexpected emergencies—like a car repair—without breaking a
sweat. The fun really starts when you realize you can meet the needs of others.

5 Ways to get Financial Freedom

Financial freedom means that you get to make life decisions without being overly stressed about the financial impact because you are
prepared. You control your finances instead of being controlled by them.

The path to financial freedom isn’t a get-rich-quick strategy. And financial freedom doesn’t mean that you’re “free” of the responsibility of
handling your money well. Quite the opposite. Having complete control over your finances is the fruit of hard work, sacrifice and time. And all
of that effort is worth it!

1. Inherit It

Lucky are those who have inherited a fortune that will pave the way to financial freedom but a sum that can last one person a lifetime might
last another just a few years, months or even weeks. If you’re lucky enough to inherit a large amount of money when you're young, think
before you spend, Instead of rushing out to the mall or the car dealer, young heirs should spend some time evaluating their financial
situation. Making this effort will give you a good view of your overall financial condition, including income, expenses, assets, debts,
and liabilities.

2. Marry It

Gold-diggers as they call it but there are really people who chooses to enter in a relationship with someone who is rich in order to get money
or expensive things from them. This may be their game plan to get the financial freedom they think they deserve.
3. Win It

There are also people who are extremely lucky to have won a huge sum of money from a lottery, from gambling in a casino or even in small
betting games. As some "unlucky betters" would say, "there is a bigger possibility to got hit by a lightning than to win a lottery". It sounds
funny but it is true, not everyone can get our of financial chaos through winning.

4. Steal It

Some people may think that the financial challenges the are facing are impossible to solve and sadly chose this path in getting out of
financial handcuffs. While it may solve some of the problems but it will definitely create a bigger ones.

5. Make It

Making your way to financial freedom on your own may be the most fulfilling achievement yet. When you have financial freedom you will
never have to say "How am I going to pay for that?". Instead of worrying, you pay the bill without thinking twice. A week later you’ve forgotten
that it even happened! That’s how little it affects your financial situation. It’s not an emergency. It’s barely a hiccup! The next time a pandemic
or recession hits and you miss a monthly paycheck, instead of panic and relying on the government, you’ve got a safety net. You can focus
on the other inconveniences of the crisis, not where your family’s next meal is going to come from.