Set realistic financial goals from "summary" of The Automatic Millionaire Workbook by David Bach
When it comes to achieving financial success, setting realistic goals is crucial. It’s important to have a clear understanding of where you want to be financially and what steps you need to take to get there. Setting goals that are too ambitious or unrealistic can lead to frustration and ultimately sabotage your efforts. By setting realistic financial goals, you are creating a roadmap for your financial future. These goals should be specific, measurable, achievable, relevant, and time-bound. For example, instead of saying “I want to be a millionaire,” a more realistic goal would be “I want to save $500 per month for retirement.” This goal is specific, measurable, achievable, relevant to your...
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