Setting clear financial goals is vital from "summary" of A psicologia financeira by Morgan Housel
Setting clear financial goals is vital. Without a specific target in mind, it's easy to drift aimlessly in the world of personal finance. When you have a clear objective, you are more likely to stay focused and disciplined in your financial decisions. It gives you a sense of direction and purpose, guiding your actions towards achieving your desired outcome.
Moreover, setting clear financial goals helps you prioritize your spending and saving habits. You are more conscious of where your money is going and whether it aligns with your long-term objectives. By establishing measurable and achievable goals, you can track your progress and make adjustments as needed. This level of accountability can prevent impulse purchases and unnecessary expenses that may derail your financi...
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