Know your financial goals from "summary" of The Dumb Things Smart People Do with Their Money by Jill Schlesinger
Understanding your financial goals is crucial to making smart decisions with your money. It's not enough to just vaguely think about wanting to "save more" or "retire comfortably." You need to define specific goals that are meaningful to you personally. This could be anything from buying a house, traveling the world, sending your kids to college, or retiring early. Knowing exactly what you are working towards will help you stay motivated and focused on your financial journey. When setting your financial goals, it's important to make them SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. This means you need to be clear about exactly what you want to achieve, have a way to track your progress, ensure that your goals are realistic, make sure they align with your values and priorities, and set a deadline for when you want to reach them. By following these guidelines, you will have a much better chance of actually achieving your financial goals. Hav...
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