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Long Term Goals

Portrait: James Salmons

Dr. James G. Salmons

Picture Your Long Term Goals

Dr. James G. Salmons

What are your most important long term financial priorities? Are there certain priorities that stand out as absolute essentials if you want to reach your most sought after financial goals? In this action step we want to identify and prepare a visual to reinforce these ideas.

Each individual will have different priorities, but there are some basic financial commitments that any individual must make if they expect to reach and maintain financial independence. My personal priority financial goals are really basic when it comes to money and are focused on those essentials.

I have five priority goals that influence every financial decision I make. I know that if I don't let these guide my daily financial decisions my potential for financial independence is severely diminished.

Consequently in every case I consider and try to make my decisions within the confines of these priorities:

My Priority Financial Goals
  • Stay in control of my money.
  • Live on less than I make.
  • Live debt free.
  • Increase savings and investments significantly every month.
  • Develop and maintain enough passive income to eliminate the need for a job to meet expenses.

This action step calls for you to write out your own list of priority goals or principles. Yours might be much like mine above but they need not be; they need to truly express your own long term goals.

The idea is to make a visual, a poster that you can put up in a prominent place. The constant reminder will help instill your priority financial commitments into your conscious and unconscious thinking to guide your own financial decisions.

By keeping your mind focused on these priorities you will keep your life moving in the right direction. It will prevent your allowing the urgent to replace the important. It will enable you to reach these important goals in record time.

 
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Action Steps