Financial Goals 😳 🥰 PERSONAL Finance

Socratica Presents SMART MONEY
Many people are embarrassed that they aren't great with money. We believe it's never to late to learn! We're all about Lifelong Learning here at Socratica, and we are here to help you increase your Financial Literacy.
The theme of SMART MONEY is making informed choices.

In this video, we discuss setting FINANCIAL GOALS. You may be surprised that the most important thing is to make your goals YOUR goals, not the goals other people think you should have. By making your financial goals personal, you give them much greater power.
We discuss ways to break down your financial goals to make them more achievable, starting with picking reasonable goals, right from the start. It's also important to be aware of the different timeframes for different financial goals. Some may be short term, within the year. Or you may be focusing on something much farther off, like retirement. This will influence how you approach this challenge.

𝙅𝙪𝙢𝙥 𝙩𝙤 𝙩𝙝𝙚 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙩 𝙩𝙤𝙥𝙞𝙘𝙨 𝙝𝙚𝙧𝙚:
0:00 Your Financial Goals should be PERSONAL
1:01 Choose a SPECIFIC goal
1:25 Choose a MEASURABLE goal
1:52 AUTOMATE your savings
2:27 Make BUDGET cuts
3:06 Set a DEADLINE
3:50 Celebrate MILESTONES
4:15 Why not use a CREDIT CARD?
5:01 Types of financial goals
5:45 Homework assignment
7:52 Creating a budget

𝙒𝘼𝙏𝘾𝙃 𝙉𝙀𝙓𝙏:

𝙒𝙀 𝙍𝙀𝘾𝙊𝙈𝙈𝙀𝙉𝘿:
Wealth Made Easy (advice from Millionaires & Billionaires)

Budget Planner & Monthly Bill Organizer

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This video series is made possible by the generous support of our Patrons on Patreon. We'd like to recognize our VIP Patrons and send them our sincere thanks! Thomas Myers, KW, M Andrews, Jim Woodworth, Marcos Silva, Christopher Kemsley, Eric Eccleston, Jeremy Shimanek, Michael Shebanow, Kevin B, John Krawiec, Umar Khan, and the wonderful Tracy Karin Prell!

Written and Produced by Kimberly Hatch Harrison and Michael Lee Harrison
Edited by Megi Shuke

#personalfinance #financialliteracy #budgeting

[murphygreen]

I find that starting rich probably helps

[haidaralhassan]

How did this get recommended to me with 3 views and 2 minutes of existence? 😭😭😭
I know I’m broke but not this broke 😂

[themogulthoughts]

This video is incredibly motivating for anyone with financial goals!

The emphasis on making personal finance truly personal is spot on.

Setting clear and specific goals is essential.

I love the idea of turning a dream into a concrete plan.

Breaking down the savings into monthly and weekly targets makes it so much more achievable.

Automating savings is a game-changer for consistency.

The tip to look at the budget and cut unnecessary expenses is practical and effective.

Making sure goals are personally relevant keeps the motivation high.

Having a deadline creates a sense of urgency and focus.

Adjusting timelines to ensure goals are achievable is a great reminder.

Tracking progress and celebrating milestones help maintain motivation.

Staying flexible and adjusting plans when needed is crucial.

Thank you for these insightful and actionable tips!

Has anyone else here started applying these strategies? I’d love to hear your experiences and any additional tips you might have!

[kirbymarchbarcena]

Also prepare any contingency plans before the tour

[elbravovierde]

It seems that your english chanel is much more updated than the portuguese one! Can't blame you. The wider range makes me wander if that's the better option to follow, when it comes to share ideas and studies here, on youtube. But alas, nice to see that you are still carring on, sharing so much valueble information for everybody to learn! I am working very damm hard to save money for a bigger goal! So this kind of video is right up my ally, and comes in handy!! Thanks again for the amazing content.