Creating Your Financial Goals: Short-term, Long-term, and Everything in Between
Everyone dreams of a better tomorrow, but to have that tomorrow, it is necessary to start the plan today. Whether you want to double your retirement savings or create an emergency fund it is helpful to set clear goals and intentions to get there.
Your first step should be to choose a goal, what is it that you want or need? Have a clear target with a plan to achieve it. How much will it cost? What do you need to do to save? How long will it take to reach your goal?
If this is a short-term goal, this can be anything from saving up for a new puppy or paying for a vacation. A long-term goal can be buying a home, planning for a child’s college/wedding, or saving for retirement.
Consider cutting down on non-essential purchases or be more aware of where your funds are going when it comes to allocating your resources towards your goal. If you are seeking guidance to reach your goals, our team of Lamchick Epstein Wealth Management Group can lead you in the right direction.
* Any opinions are those of the author and not necessarily those of Raymond James. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected.
