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The Importance of Setting and Sticking to Goals in Financial Planning
Manage episode 429495557 series 3423688
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Moving the goalposts when retirement planning can be a dangerous game and leave you open to some negative financial impacts. This concept refers to the habit of setting financial goals and then shifting them once you get close to achieving them. Having set goals and plans and sticking to them is important as you approach retirement.
For example, if you don't make a firm decision to set an alarm, you're likely to sleep in. Similarly, without a firm financial plan, you're more likely to make impulsive decisions based on current market conditions rather than sticking to a well-thought-out strategy.
Join Tad and Tyler as they discuss making and sticking to financial plans, avoiding emotional decision-making, and choosing a retirement date that works for you!
Here’s what we discuss in today’s show:
- Making and sticking to financial plans.
- Not making emotional investment decisions.
- Picking a retirement date.
Key Takeaway
“Doing the thing itself is not the hard part. The hard part is making the decision.”
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
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