Setting and Achieving Financial Goals

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I found an inspiring article about setting and achieving financial goals!

Read the full article here…
$1 Million by 2017. What’s Your Goal?

Excerpt from the article…

Before I started this blog, I did not really have a good financial goal. Actually, my financial goal was similar to 99.9% of other Americans…I wanted to be rich. But what is rich? In “Are you wealthy? Here’s a test,” I defined wealthy as: “…when income from my assets can cover all my family living expenses and a few luxuries“. That was a good start, but now I want to put together a specific and achievable goal and plan.

Goal: Build a $1 million investment portfolio by 2017 (excluding home equity)

10 years may not sound very sexy, but I don’t know any get rich quick scheme that works. So, I have to work within my capability and 10% should be achievable. I am currently at 23% of my goal. In fact, I consider myself lucky to have accumulated this much wealth without any financial goal or plan for the past 10 years.

I say throw away and stop reading the next best way to save and retire rich book or article and keep your plan simple and stick to it. My guess is that if you mapped out a plan like the one in $1 Million by 2017. What’s Your Goal? and followed it - ten years from now you would be very excited. So what are you doing - still reading this article - go find a quiet place write out your plan and get to it. Time is money!

PS - you can find other cool personal financial articles, tools and resources at the M-Network