![]() Do give it a try this weekend: Download Financial Goal Setting Excel Here is the link again if you missed it earlier. And prioritization of these financial goals gives you a very clear idea about what is important and holds higher preference over other goals in various time frames. Knowing the time frames helps in matching goals with the ideal investment options. So goal-setting exercise does help…really! So there is no denying that it is important.īut nevertheless, unless you know what you are aiming for, you will not know how to achieve it. They say that writing down your goals increases the chance of achieving them by 24%. It is FREE and you can use it to brainstorm and finalize your goals.īefore you use this sheet, I strongly suggest you read How to Set + Not Mess your Financial Goals to know how best to use this excel goal sheet. This can be done easily using this Financial Goal Planning Excel Sheet that I have created for setting financial goals worksheet. □īy grid(ing), I mean put them in a matrix so that you can prioritize them. □īut if someone was to ask you now about what your short term and long term financial goals are, atleast you will know what are the possible common ones. This list is ofcourse not exhaustive.So now if someone was to ask you about what your short term and long term financial goals are,Īt times, people can have very weird goals as well. Becoming financially free (this means different things to different people).Financially fortifying before quitting job to become an entrepreneur.Contributing in sister/brother’s marriage.Foreign Trip (one time or every few years).Clearing the home loan as soon as possible.Saving for Downpayment – to buy a house on home loan.Building Retirement Corpus (or aiming for Early Retirement).Long term financial goals are to be achieved in 7 to 10+ years.Medium term financial goals are one to be achieved in 3-7 years.Short term financial goals are ones to be achieved in up to 3 years.The easiest way to think of your goals is by classifying them into short-term, medium-term and long-term goals. But nevertheless, the idea is to set you thinking about your financial goals if you still haven’t thought about them. Remember, these are just suggestions and hence, all of them may not be applicable to everyone. So this post is about those suggestions – a list of examples of personal financial goals. Now every person is different and naturally they are going to have different financial goals.īut at times it can be helpful to see suggestions to build up your own thoughts. When I sent him the data collection questionnaire (as part of the planning process) that had a section about financial goals, he told me that he wasn’t sure what his goals were! He just wanted to invest! □ Infact, one of my clients had this problem too. Right?īut I have seen it happen many times that people find it difficult to identify and finalize their real-life goals. You need to know what you are aiming for to prepare well for it. Identifying financial goals is necessary when you are investing according to a goal-based investment plan. A journey with several stops in the middle.Īnd these stops are your… Personal Financial Goals. We can only process your annual return after having received your income statement.If you want to visualize your personal financial life, try to think of it as a journey. Send in your income statement as soon as possible after having filed your return. Therefore have it signed and stamped as soon as possible. We appreciate the fact that it may take some time for you to obtain a stamped income statement from your local tax authority. Have your income statement stamped and signed by the tax authorities of your country of residence. If the barcode is not clearly visible, try another print setting, for example: 81%. Make sure that the barcode is clearly and fully visible in your printout. Print out the completed income statement. You can read and fill in the pdf file with Adobe Reader. Send in your income statement as follows: Step 1: Download and complete the form Do you live in Belgium? Please read on the website of the Belgian tax authorities (Dutch only), how to send your income statement.
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