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Set clear financial goals based on selfawareness from "summary" of Know Yourself, Know Your Money: Discover Why You Handle Money the Way You Do, and What to Do about It! by Rachel Cruze
When it comes to setting financial goals, it’s crucial to start with self-awareness. After all, how can you know where you’re going if you don’t know where you currently stand? By understanding your values, beliefs, and attitudes towards money, you can create goals that are truly meaningful and aligned with who you are. Self-awareness involves taking a deep dive into your past experiences with money, as well as reflecting on your present financial situation. This introspection allows you to uncover any underlying beliefs or behaviors that may be holding you back from achieving your goals. By shining a light on these areas, you can begin to make positive changes and move towards a healthier financial future. Once you have a clear understanding of yourself and your relationship with money, you can begin to set specific, measurable, achievable, relevant, and time-bound (SMART) goals. These goals should reflect your values and priorities, and be tailored to your unique financial situation. For example, if you value travel and experiences, you may set a goal to save a certain amount of money each month for a dream vacation. Or if you are focused on building wealth for the future, you may set a goal to increase your retirement contributions by a certain percentage each year. Whatever your goals may be, they should be rooted in your self-awareness and aligned with your values. By setting clear financial goals based on self-awareness, you are setting yourself up for success. You will have a roadmap to guide your financial decisions and keep you on track towards achieving your dreams. So take the time to get to know yourself and your money – it’s an investment that will pay off in the long run.
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