Setting SMART Financial Goals will not only benefit an investor today but will also reap long-term results.
As quoted by Ralph Seger, “An investor without investment objectives is like a traveler without a destination.”
As an investor, one of the most crucial stages is goal-setting. Setting S.M.A.R.T goals is very essential to achieve our financial well-being. Individuals generally underestimate the importance of goals. An investment adviser can inculcate the importance of financial goals in the clients by taking them through this process.
Goal-setting is a self-awareness process, a realization of your future aspirations, with respect to your needs and desires in the present. It is an empowerment process which encourages an investor and the adviser to be motivated towards achieving these goals. The whole process of setting goals involves patience, motivation and a movement towards a solution-oriented conclusion.
We believe that the financial journey is mainly about planning your future, hence, setting of SMART (specific, measurable, actionable, realistic, and time-bound) goals is the first action-based stage on the path of financial planning.
Take Action now! Set your goals! Achieve your goals!