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5 Steps To Set Achievable Financial Goals

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Have you ever stopped to think: “Is there a certain level of income that I should be earning?”

Chances are you have.

Most people think they should be earning more but have never asked themselves:

  • Why am I not earning this amount of money already?
  • What is holding me back?
  • What could I be doing right now to get to where I want to be?

When I was growing up, I was fascinated by stories of successful men and women, and how they made their fortunes, lost them, and then made them over again.

Then I learned about the theory of prosperity consciousness and my views on wealth-building have never been the same since. This theory states:

You must become a financial success in your thinking long before you can become rich in your reality.

In essence: the most important single step you can take to increase your wealth, personal finances, and financial independence is deciding to change your thinking and develop an unshakeable belief that you can and will achieve all your financial goals.

Only after you start believing yourself to be capable of achieving financial independence can you set proper financial goals.

The desire to accumulate wealth and “make more money” is a major motivator of human behavior. But… it’s not usually money that we really want.

When I ask my clients and students why they want to increase their wealth, they usually think about their answer for a couple of minutes, then finally conclude that what they want more than anything else is “freedom.”

They define freedom as having enough money so they can do anything they desire. In their minds, having enough money will enable them to be completely free from worry about safety, security, leisure, respect, and fulfillment.

This is why it’s very important to think positively about money and to get your priorities in order, like still placing your relationships first and staying generous, when you do end up earning more money.

Here is an exercise for you to do this weekend:

  1. Do a complete financial analysis of your life
  2. Write down your long-term and short-term financial goals
  3. Define what steps you can take over the next year to reach them

That’s all from me this week, but I’d like to leave you all with this quote:

Design your financial future in every respect, and then make a plan to achieve it.

To your success,

Brian Tracy

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