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Financial Goals: 5 Steps to Achieve Financial Freedom | Brian Tracy

https://www.briantracy.com/blog/financial-success/financial-goals/

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Financial Goals: 5 Steps to Achieve Financial Freedom | Brian Tracy
Setting financial goals can be a difficult task. It is hard to know where to begin when you don't know where to start. By following my 5 steps to set achievable financial goals, discover your potential and see your finances grow. Most people don't realize that reaching your financial goals starts with your core values.

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Start With Your Core Values

All improvement in your life, including financial improvement, begins with you clarifying your true values, committing yourself to living consistently with them, and then aligning everything you do with them.

When you align your work and personal life to support your financial goals, you’ll find it much easier to reach them or any goal you set.

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Align Goals With Your Values

Hold the idea of wealth and success in your mind long enough and hard enough, until you draw into your life the resources you need to accomplish it.

Your main focus is to keep your mind fixed on improving your personal finances and achieving financial independence.

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Think BIG But Start Small

Keep your vision in mind, but start wherever you are.

Work back from the future to the present. Make a list of the logical steps, in order, that you need to take to get from where you are to where you want to be. Then figure out what big or small action you can take today.

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Plan it Out

Give yourself time to plan it out and accept that your financial goals are long-term strategies. Don't put your trust in luck.

Those with financial freedom are patient, persistent, and farsighted. They discipline themselves to save and accumulate money over many years.

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Expect the Best

Don't expect failure and don't get discouraged by it.

The wonderful truth about your expectations is that they are completely under your control. You decide for yourself if you want to become rich and how you are going to get there.

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Try making a budget

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Financial planning

 ...is the process which provides you a framework for achieving your life goals in a systematic and planned way by avoiding shocks and surprises.

Maintain a personal balance sheet

It’s a statement wherein you can jot down your assets and liabilities.

  • Pull together your bank statements and other proofs of the liabilities
  • List down your assets like the bank balance, all investments, home value, and value of other assets.
  • Take a sum of all the assets to arrive at the total value of your assets.
  • List down your liabilities the (car loan, home loan, credit card balances etc.)
  • The sum of all the liabilities will show the value of the money you owe.
  • When you subtract the value of liabilities from assets, you get your Net Worth.

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Make Dream a Reality

Make Dream a Reality

A dream is the root of all success, for having a dream does not limit you on what you can do. Successful people allow themselves to lean back and imagine the kind of life that is possible for th...

Keys to Living Without Limits

Clarity. Have a clear vision of your desires and future to help you stay focused on your goals.
Competence. Commit yourself to doing something that enables you to become better at doing the most important things in your field.
Concentration. Persevere, without diversion or distraction, in a straight line toward accomplishing your goals.

Identifying Productivity Constraints

What restraints you from achieving your goals? Are they learned feelings of helplessness? Or are they just simply excuses? Remember, whatever you have learned, you can unlearn. 

If your real goal is to dream big dreams and to live without limits, you can set this as your standard and compare everything that you do against it.

Challenging your abilities

A healthy goal forces us a little out of our comfort zone.

When your goals do not ask you to work harder, maintain a laser focus or get the blood pumping, it’s important to aim a tad higher.

Creating a substantial life change

Robust goals take your current situation and enhance it to a noticeable level. 

Goals that don’t impact you in a meaningful fashion are often too small.

Inspiring goals

One of the indicators that a goal is too small trails back to your lack of enthusiasm.

Inspirational goals garner your focus and call on your inner self to focus and stay on task. They have a pull that draws your attention and makes you want to achieve.