Chapter 9: Getting Started
Setting a goal is important
Setting a goal is very important because, without one, it becomes much more difficult psychologically to stay consistent and dedicated.
Clear goals provide direction and motivation, helping you maintain focus and measure progress. This sense of purpose makes it easier to overcome challenges and stay committed to achieving your objectives.
How do you go about setting a goal?
A good starting point is to figure out your goal amount. If you're saving for something specific, like the price of a house or a car, you probably already know the exact sum.
For more complex goals, such as early retirement, we have a calculator on our site to help you determine the amount you'll need.
The next step is to calculate the amount of time needed to reach your goal and assess if it's reasonable given your circumstances.
This involves looking at your current financial situation, income, and expenses to determine a feasible timeline. By doing so, you can ensure that your goal is achievable and make any necessary adjustments to your savings plan.