Set financial goals from "summary" of The Automatic Millionaire by David Bach
To achieve financial success, one of the most crucial steps you can take is setting clear and specific financial goals. These goals provide you with a roadmap to follow, guiding your actions and decisions towards building wealth over time. Without a target to aim for, it's easy to drift aimlessly and never make any substantial progress towards financial security.
When setting financial goals, it's important to make them SMART: specific, measurable, achievable, relevant, and time-bound. Specific goals give you a clear picture of what you want to accomplish, whether it's saving for a down payment on a house or building an emergency fund. Measurable goals allow you to track your progress and see how far you've come. Achievable go...
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