Are Your Financial Goals Realistic?

In our modern society, we celebrate the wealthy. We celebrate those who are able to become super successful, amass millions or billions, and live a life of pure luxury. This is because many of us consider ourselves millionaires-in-waiting, which keeps us proactive and interested in earning more, or getting involved in plans that could help us earn. There’s nothing really wrong with this. But instead of idolizing financial risk-taking and overdoing the personal sense of motivation with financial matters, we should really be idolizing those who keep their affairs in order, and who come back fighting from the brink of financial failure.

Are your financial goals realistic? Often it’s best to learn to walk before you run. When you keep your expectations in check, you realize that the only person’s financial matters you need care about or praise are your own. Here are some tips to keep you humble, responsible and active in your personal financial duties:


It might be that instead of saving for that luxury car, or hoping to steward a massive savings account, or upgrading your quality of life, debt is the first thing that should come to mind. Let’s say you come into plenty of money in an inheritance. What should you do? Head on a vacation for an indeterminate amount of time? Or might it be that you pay off your credit cards, that you cater to your mortgage?

When confronted with this problem, the choice is obvious. Any rational person would choose the second option, and then see what was left. However, when we’re earning less than a massive inheritance each year, we often forget how many tools there are that can help us tackle our debts. From arranging payment plans, selling assets, downsizing our quality of life to using debt consolidation programs, the path to continual financial satisfaction is to reduce the debt in your life.


Savings should be considered a luxury but essential consideration. Over 60% of those in the United States have less than one thousand dollars in their savings account. This is crazy to think about, but also understandable. Saving is a luxury that some families don’t have. That means it’s the ultimate luxury. Of course, you can’t take all your hoarded wealth with you, but nurturing a healthy secondary savings account can help wipe most stresses from your mind, because you know no matter what, you’ll always have that secondary account to hand.

Goal Setting

When planning your financial goals, you need to take more time to consider the variables of their establishment. How long will they take to meet? What variables are likely to occur to impede you? Might it be the duration of this saving process could leave you with less taste for your initial goal, or might the value of said item have decreased (or increased,) by then? Finances are not static, they are dynamic and fluid, and so your goal setting should follow suit if possible. With that in mind, you’ll be able to make the best decisions for you.

Are Your Financial Goals Realistic?

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