Goal Setting

MONDAY MONEY TIP PODCAST: Sustaining Goals

Welcome to 2019 where the Monday Money Tip Podcast will be live every single Monday! We hope by sharing tips and encouragement each Monday that 2019 can be your best financial year yet! To start us off, this week we’re discussing how you can actually sustain your New Year’s resolution instead of ditching it by February. We also have a success story from a man who paid off $70,000 in credit card debt and we will ask Joe some fun hot seat questions!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

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Show Notes

About the Episode:

  • Hear how you can create and actually sustain goals in 2019 by celebrating milestones along the way.
  • Megan shares a success story from Michael who paid of $70,000 in credit card debt.
  • Joe shares the importance of meeting with a financial coach, sharing your journey and being a continual learner.

Resources:
IWBNIN Next Steps
Upcoming Events
Oxen
Mint
Personal Capital

Quote of the Day: “If you discover ways to sustain good financial decisions over years, even decades, you’ll never lack for anything.” -Joe Sangl

 

Set Financial Goals For Next Year

As we move closer and closer to a new year, I’m sure many of you are considering the goals you want to accomplish in 2019. I know I am! As you think about your goals, I would encourage you to also set financial goals that you can aim to achieve next year. You should consider setting financial goals for the following categories:

Earnings/Income Goal: Set a goal for how much money you want to earn this next year. The more valuable you can be in your career, the more money you can bring home to your family.

Giving Goal: How generous do you want to be this upcoming year? Do you want to give more to your church or have different charities you would like to support? Set a goal for how much money you want to be able to give away next year so you can be intentionally generous.

Saving Goal: How much money do you want to put aside in savings? Do you want to have a fully funded emergency savings? Do you need to start saving for a new vehicle? You could even get ahead of the game and start saving for Christmas next year in January! How awesome would it be to have a full Christmas fund by September of 2019? You should set a savings goal to get ahead of expenses that will pop up.

Investing Goal: Do you want to increase the amount that you contribute to your retirement fund? We have never heard anyone say “I have saved too much for retirement”. Decide how much money you want to start putting away in investment accounts for the future.

Debt Elimination Goal: Are there any debts that you want to see leave your life for good? Is there a medical bill you need to pay off? Are you ready to break up with Sallie Mae? I remember when debts left my life and it was a great feeling. Make sure you have set a goal for how much debt you want to be rid of by the end of 2019 and never look back!

Once you have decided on the goals you want to accomplish, write them down! When you physically write something down you are way more likely to actually do it! How awesome would it be if you could end 2019 being more generous with more income, more money in the bank, more of your money working for you AND less debt? Think about your goals, write them down, then make it happen.

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