Money Goals: How to Crush Them

Here's a sad fact: Most people give up on their New Year’s Resolutions – which includes money goals - within 2 weeks! (January 13th was National Quitters Day.)

In the latest episode of the Money is Emotional podcast , I break down 5 reasons WHY people quit and how to create money goals you’ll actually achieve.

Reason 1: You have too many money goals.

In the case of money goals, more is NOT better! If you have too many money goals, it leads to overwhelm. You don’t know where to focus when you have competing priorities. I recommend 1 or 2 big financial goals that you focus on for the year.

Focus leads to action and results! What one BIG money goal will you focus on this year?

Reason 2: You’re not excited about the goal.

I mean, enough said, right?

Reason 3: Your goals are too easy or too hard.

We seem to like extremes, and goal setting is no exception. Some people set easily achievable goals because they hate “failing.” The problem is they don’t challenge themselves. Others set impossibly high goals, so they never quite reach the finish line. I like setting “range goals” when it comes to money.?

I explain what range goals are and how to set them starting at minute 12 of the podcast episode.

Reason 4: You use time deadlines to beat yourself up.

Of course, we should create an approximate timeline for our goals. Having a sense of urgency motivates us to action. But sometimes we use time deadlines as an artificial pass/ fail line in the sand. Whew, I have been guilty of this one!?Some money goals are so important, you have to commit to them UNTIL they are accomplished!

Reason 5: You’re too attached to HOW the goal will be achieved.

When we create a goal, we usually have an idea of how we’re going to make it happen. This helps us to create a plan of action to start making progress. But we need to be open to ALL the possibilities of how the goal could be achieved. When we get tunnel vision, we might miss opportunities to achieve our goal in an even better way!???

If you want to crush your money goals in 2023, create ones you won’t give up on: focus, get excited, be flexible, set your range, and stick with them until you’ve achieved them!

P.S. My Financial Dignity? on Demand course helps you make and achieve your money goals in a way that’s easy and fun! Enter promo code podcast at checkout for a sizable discount!