No Goals, No-Glory

To attract money, you must focus on wealth. It is impossible to bring more money into your life when you are noticing you do not have enough, because that means you are thinking thoughts that you do not have enough. Rhonda Byrne, Author of The Secret.

Everybody wants more wealth, and you already know that those with money have a healthy attitude towards it. They think the right way about it, and they treat money in such a way that it stretches and multiplies.

Living the lifestyle you want and having the money you need to make it happen is all about one thing: Setting goals. You know that you attract money to you through your thoughts. It really is that easy. By focusing on abundance, you attract into your life experience abundance. It certainly can be more money if that is what you want. But to make it all happen, you need to focus on your goals. What do you want to achieve when it comes to your financial status?

I always encourage my clients to sit down and think long and hard about exactly what they want when it comes to their money. That’s because you need to give every dollar that comes into your household a job otherwise that dollar will disappear and you won’t know where!

Here is the goal setting process I encourage you to follow right now:

Set specific and measurable money goals: There is NO point being vague at all, because that indicates you are not serious about attaining your goals. Take a pen and paper and write down specific and measurable money goals. A specific and measurable money goal is: I will save P5000 per month, every month from 1st January 2013.

Clear your bad debts: Bad debts include credit cards and interest free purchase debts. Clear these ASAP by paying more than the minimum. Use savings to do this just ensure the debts are cleared ASAP.

Once your bad debts are cleared, commit to saving: Saving is important when it comes to achieving financial independence, so set a figure you wish to save every month as a minimum. Have long term savings you don’t touch and short term savings you can use for bigger purchases like a television or holiday. Your short term savings account will basically be a debit card.

Set your budget and stick to it: What money comes into your household and what money goes out in overheads? Allocate a job to every peso that comes in. It may be paying P250 per week on the internet, P2500 per week on groceries, P1500 on entertainment, P1000 on fuel for the car. Set your budget and stick to it! It will help you to achieve your financial goals and that includes clearing bad debts and saving.

Commit to increasing your household income: You already know what money comes in and where it all goes. Keeping in mind what your money goals are from step 1, it is time to look at increasing your household income. Again, when it comes to increasing your household income, write down specific and measurable goals, e.g. I will increase my household income by P5000 per month by the end of June 2013.

By setting goals and following a plan, you will turn your financial goals into a reality. And you will most certainly get the most out of your money!

Helpful Tips for You:

Set specific and measurable goals

Clear your bad debts

Commit to saving, once bad debts are cleared

Set your budget and stick to it

Commit to increasing your household income

Shared by Coach Amos

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Blog by John de Ridder, 0419-427-419, john@focusyourmoney.com.au, Canberra, Australia