Chapter 4

Establishing and Achieving Goals


check Defining what matters most to you

check Setting and prioritizing your financial goals

check Saving for unexpected expenses, a real estate purchase, a small business, or educational needs

check Estimating what you need for retirement and making up for lost time

In my work as a financial counselor, I always asked new clients what their short- and long-term personal and financial goals were. Most people reported that reflecting on these questions was incredibly valuable, because they hadn’t considered it for a long time — if ever.

In this chapter, I help you think and dream about what you want to get out of life. Although my expertise is in personal finance, I wouldn’t be doing my job if I didn’t get you to consider your nonfinancial goals and how money fits into the rest of your life goals. So, before I jump into how to establish and save toward common financial goals, I discuss how to think about making and saving money, as well as how to best fit your financial goals into the rest of your life.

Creating Your Own Definition of Wealth

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