"I want to get financially independent." Or "I want to travel." Sure, these are pretty cool blanket statements, but they're not getting you anywhere.
A financial goal needs to have these three things:
- A timeframe
- An amount you're saving towards
- A roadmap
Now let's try that again. "I want to be financially independent in 5 years for which I will $60,000. I will get there by putting aside $ 12,000 a year i.e. $1,000 a month."
Sounds so much more attainable, right?