Today, I invited my friend Nicole back to talk to you about your financial goals. A HUGE part of intentional living is being aware of your needs and how to achieve your goals. You can definitely make all your goals a reality if you get your finances in order. Nicole is here to tell you how to do just that!
Whenever I ask people what their money goals are I usually hear some variation of the same big three: Pay off debt, save for retirement, make more money.
Those are great goals, all of them. But they are BIG goals. And big goals require a lot of time to achieve.
Big goals, like saving for retirement, are also vague and therefore easier to throw into the “someday” pile. And there it sits. It’s too overwhelming to even get started. Or you get started but you don’t feel like you’re making process, so you stop trying. In the meantime, precious time is passing and you have no idea how to do anything different.
Instead of waiting until sometime in the future to start working towards your big goals, you have to start working on them today.
You make your big goals relevant today by breaking it down into bite-sized pieces.
I’m more interested in your small goals.
Your monthly and yearly goals. That is where you lay the foundation for your financial life. That is where you create the space to work towards your big dreams.
Dreams are achieved through daily action and intention.
What change can you make TODAY or next week to help push you towards your goals?
If you are trying to pay off debt your number one short term goal is to stop adding to it. When that becomes your monthly goal, you can see how your actions work towards that goal. Meal planning to avoid eating out and taking extra time to shop the sales suddenly feels like meaningful progress.
If you are trying to save more for retirement your short term goal is to find money in your current spending plan. To do so, you cancel a subscription service you no longer use, call and renegotiate your cable and redirect that amount towards your retirement accounts. Meaningful progress.
You get the idea.
The small stuff matters.
Ultimately, the big goals become attainable by keeping a close eye your expenses and increasing your income. The more intentional you can get about this on a daily basis, the closer and more achievable those big goals will appear.
Start with the big goals, sure, but then break it down into a realistic monthly goal that can hold your attention. Monthly goals will help you see the real progress you are making and see how your daily actions can contribute to your long-term success. Achieving short-term goals consistently creates momentum and motivation to help keep you pushing forward. Start small.
Nicole Cooley is a Money Coach who helps her clients build tangible spending, debt and savings plans while exploring limiting beliefs and value alignment. Her company Money With Moxie teaches women to be powerful with money and use it as a tool to design their ideal life.