Setting financial goals is the cornerstone of achieving financial independence. It involves identifying what you want to achieve financially and establishing a clear plan to get there. Effective financial goal setting includes the SMART criteria: Specific, Measurable, Achievable, Relevant, and Time-bound goals. This approach not only clarifies your objectives but also motivates you to take actionable steps towards financial freedom. Regularly reviewing and adjusting your goals ensures you remain on track and adapt to changing circumstances.
A goal without a plan is just a wish. - Antoine de Saint-Exupéry