How to get a roadmap to financial success

Remember what life used to be like before Google Maps?

You’d pull out a well-worn street directory to chart your course, ask for directions, or simply set out hoping for the best.

What approach do you take when it comes to mapping out your finances? Perhaps you’re carefully planning for the future, taking charge of your money and making sure it’s hard at work for you. Or maybe you’re burying your head in the sand and hoping by the time you retire it will have sorted itself out.

What’s your plan?

The truth is many people have no clear plan when it comes to their finances.

Perhaps you have a vague idea of what you’d like your future to look like. Free from debt, a comfortable lifestyle, and an early retirement. But have you actually developed a strategy for how you will achieve this?

A financial roadmap is about setting goals and mapping out a path to achieve them. It can help you determine what is realistic in the long term and what changes might need to be made in the short term. Breaking this down into steps and actions, greatly enhances your chances of actually achieving your goals.

The best type of goals

We like the well-known SMART method for setting goals, to help make them clear and reachable.

Your goals should be:

Specific (what exactly do you want to accomplish?)

Measurable (how will you measure this?)

Achievable (can you attain this?)

Relevant (is this aligned with the overall objective?)

Time bound (what is the deadline?)

Getting accountability

For all goals, whether financial or personal, the best chance you have to succeed is to make yourself accountable.

This might look like sharing your goals with a friend, or engaging an expert to help you set up a financial plan.

If you’d like to speak with someone to take the first steps to establishing a financial roadmap, we’d love to help.

We run a free Scorecard Workshop that is a perfect starting point. We help you get clarity on your current situation and the best steps for you to achieve your goals. Register now, we’d love to see you there!