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Take a moment now that think about what you really want your money to buy. Not everybody wants to live like Donald Trump or Floyd. Is your dream to travel he globe, exploring ancient cites or photographing ions in the Serengeti? Is it owning your own beach house in the Bahamas or a penthouse in New York? Wherever your dreams may take you, I am going t show you a path to get there. Even if you do not get all the way to the summit, you can reach the dreams that matter most to you and celebrate your victories along the way. Because money is a game of emotions and we are going to come up with some numbers that will ring your bells and make you say, I am certain. I promise myself I can get there.
We will work together on a few simple calculations. If you have never taken the time to figure out exactly what it is going to take to achieve your financial goals, you are not alone. Often, many of those who have earned millions of dollars have not developed a plan to sustain their lifestyle without having to work at least some of the time. And as we have already said, more than half of Americans have not even tried to calculate how much money they will need to retire, including 46% of all financial planners. Why do not we know our basic financial picture? The number one reason I have found after hearing from hundreds of people from a hundred different counties, is that people are afraid to know.
Of these five dreams, you may discover that you are committed to only two or three of them. For some people, financial security alone is life changing and gives them enormous freedom. And so, in designing the exercise, I have included these dreams as steps along the road to absolutes financial freedom. And remember, not all of u need to want to go all the way to the peak of Everest. For some of us, financials vitality would be a blessing and independence would out us over the moon. Not all of these dreams are musts for everybody.
You will have three targets, short, medium and long term goals. It is up this way because we do not build on failure, we build only on success. If you are just shooting or the big number in the distance, it might fee too far off or even overwhelming and as result, you may never truly begin the journey. We need a target close enough that we can feel certain it is achievable and in the restively near future. That is what gets you to take action and turn a short term goal into reality. And remember to claim your victories along the way. Why wait until you are financially independent to celebrate? Why not win at different stages? That is what encourage you, excites your and gives you momentum.
It takes as much energy to wish at it does to plan.
