Friday Roundup: Setting & Achieving Our Goals

by Kristina Tahnyak on August 26, 2011 · 2 comments

medalHappy Friday DINKS. Today we are discussing our personal financial goals.  What is our point in life without goals? If you didn’t wake up everyday for a purpose then what would your purpose be?

Check out these great posts from around the web about our personal financial goals:

Get Rich Slowly writes an inspiring post for people who are working hard and saving now to retire early later.  If your goal is to retire early you should read this post titled “Extreme Early Retirement in Practice: How Two People Did It”

Man vs Debt‘s Adam Baker is known for doing what he loves.  In the post “You Only Have One Shot, So Ultimately, What Do You Want To Do?” he asks about our dreams and our goals.  Achieving dreams is about living in the moment and Adam never misses an opportunity, even if it is unplanned.

Brooklyn B on a Budget discusses her weekend plans in the post “Weekend Wish List” She lists all of the things she wants to do and all of the things that she wants to buy over the weekend. It’s a wish list of things that she may or may not do. Some goals are dreams, and some goals are things that need to be done; there is a big difference.

Financial Samurai writes an interesting post titled “How Long Does It Take To Become a Millionaire?”  Minus the Obama bashing, this is a good post to read if your financial goal is to become a millionaire. I personally think that setting a dollar amount as an overall goal is ridiculous.  It is ok to save $1 million for retirement if your quality of life in retirement calls for $1 million.  It is ok to want to save $5000 in our emergency fund if $5000 is equal to 3 months of our salary and/or monthly expenses, depending on our personal goal.  Why people are so obsessed with numbers and dollar amounts is beyond me.

The Financial Blogger says that plans many not always work out in the post “The Funny Thing About Plans Is…”  The Financial Blogger says that it’s always good to have goals  but it’s also good to have a Plan B, just in case things don’t go exactly as planned.  I am all for setting goals and having a plan but we have to be flexible in case our Plan doesn’t go as planned.  Achieving our goals is our priority, how we achieve them is not important.

With all this being said DINKS, I ask you:

  • Is one of your financial goals to retire before 65? If so at what age?
  • What is the one thing in the whole world that you have always wanted to do?
  • What is on your Wish List this Weekend?
  • Do you have a Net Worth Goal?
  • Do you have a back up plan for your personal and financial goals? (maybe failure is not an option for you, but it may be for reality)

Photo by GrahamC99

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{ 2 comments… read them below or add one }

1 Sam August 26, 2011 at 9:09 am

I really hope folks get the point of my post Kristina! Math will set us all free!

Best, Sam

2 Kristina August 27, 2011 at 10:40 am

•Is one of your financial goals to retire before 65? If so at what age?
My goal is to retire at age 60. I will be able to retire with full pension from my employer at age 60.

•What is the one thing in the whole world that you have always wanted to do? I want to live in New York City.

•What is on your Wish List this Weekend?
This weekend I want to catch up on my much needed sleep, but I am volunteering on Sunday for the Weekend to End Womens Cancers.

•Do you have a Net Worth Goal?
No I do not, and I don’t want to have one.

•Do you have a back up plan for your personal and financial goals? (maybe failure is not an option for you, but it may be for reality)
I always have a back up plan which is to replan and reorganize when something goes wrong. I try not to panic and reset my goals or my timeline.

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