One of the keys to a better life is to set goals and have something to work towards. Having goals that motivate you, excite you, and push you forward can help you get the most out of yourself and experience a life that's worth living.  This is especially true for your finances. 


Use these tips so you can start setting your personal financial goals today:

  1. Brainstorm without editing. Grab a pen and paper, and sit in a room where you won't be disturbed for about 20 to 30 minutes. As fast as you can, write down every financial goal that pops into your head. You don't have to edit or judge what you're writing; just allow your thoughts to flow freely onto the paper.
    • As you brainstorm the possibilities, think about the financial difficulties that frustrate you and the financial dreams that you've been afraid to pursue. Think about what you'd do or dream if it were impossible for you to fail.
    • As you brainstorm ideas, think about every area of your life. Would you like to be free? Own your own home? Become financially independent? Help out a loved one that has a big financial need? Supply money for college for your children? Travel around the world? The possibilities are endless.
  2. Prioritize your list. After about 30 minutes, you should have a page or two full of possible financial goals. Once you do, think about which of these goals are most important to you. What ones make you feel at peace on the inside? What ones excite you most when you think about them? Those are the types of things to prioritize.
  3. Write down all the challenges that are holding you back. After you've chosen about 3 to 5 financial goals that excite you, create a new page for each one. Write the goal at the top of the page. Then, list all the reasons you think you can't achieve this goal. Write down all the challenges that stand in your way.
    • Writing down your list of obstacles will help you overcome your fear of failure by providing you with concrete next steps. Come back to this list later and ask yourself how you can overcome each of these challenges. Who can help you? What resources do you need? What information do you lack? What next steps need to be taken?
    • Any worthwhile goal will have its set of challenges. Don't presume it to be impossible to reach your goal. By confronting your challenges head on, nothing will be able to stand in the way of reaching your financial goals.
  4. Focus on action steps. The end result of your exciting financial goals should drive you to keep putting one foot forward. But it can also hinder you from progress by making you feel overwhelmed. That's why we recommend focusing on one step at a time, so that you make constant progress towards your ultimate financial goals.

So….what’s your big dream?