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Unlock The Hidden Power Of Your Goals By Asking 3 Daring "Whys"
“If you aim at nothing, you will hit it every time.” – Zig Ziglar
That’s true for most aspects of life, including our finances. Most of us realize that. It’s why we set New Year’s resolutions—and why more than half of all Americans set some type of financial goal as a resolution each year.1
As great as setting goals is, it won’t accomplish much for you if you can’t achieve them. And, maybe not so surprisingly, the vast majority of people (92% according to the research) don’t achieve their goals.2
Why?
Why do we (and I’m including myself here) struggle so much to meet the goals we set for ourselves? Is it because we don’t want to? Because we lack commitment? Not so much.
One big reason behind our failures is that most of us lack a clear connection between our present reality and the future we’d like to achieve. That vagueness can cut the emotional ties to a financial goal, draining the passion and commitment that actually lie within us.3 When we don’t connect to our goals at a deep level, it’s easy to get off track and lose our momentum.
So, how can we stay on track to achieve our financial goals?
By reconnecting with the vivid emotions behind them and digging deeper to uncover our inner passions and motivations behind our goals.3 A simple way to dig deeper into the underlying reason for your financial goals is by peeling back the layers and asking yourself “why?” three times.
For most people, financial goals take time to achieve. From spending less to saving more, these goals take consistent effort and action. They can require you to change your habits, make sacrifices, and stay the course for years.
And that’s hard.
But it can be a lot easier if you’re able to stay connected to the “why” and the passion behind your goals.
Sources:
1- https://www.bankrate.com/personal-finance/smart-money/how-to-avoid-common-financial-mistakes/
2- https://www.inc.com/marcel-schwantes/science-says-92-percent-of-people-dont-achieve-goals-heres-how-the-other-8-perce.html
3-https://www.cnbc.com/2019/11/29/use-financial-psychology-to-crush-those-saving-goals.html
4- https://www.marketwatch.com/story/passion-budgeting-lets-you-keep-what-matters-most-yet-still-fix-your-finances-2019-01-25
Risk Disclosure:
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results. This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. For illustrative use only.
Global Hill Wealth Advisors LLC is a registered investment advisor located in the State of Connecticut. Additional information about Global Hill Wealth Advisors LLC and its advisory persons is available on the SEC’s website at www.adviserinfo.sec.gov by searching with the firm name or with CRD# 316075.
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By Mansoor Ahmad
5
44 ratings
“If you aim at nothing, you will hit it every time.” – Zig Ziglar
That’s true for most aspects of life, including our finances. Most of us realize that. It’s why we set New Year’s resolutions—and why more than half of all Americans set some type of financial goal as a resolution each year.1
As great as setting goals is, it won’t accomplish much for you if you can’t achieve them. And, maybe not so surprisingly, the vast majority of people (92% according to the research) don’t achieve their goals.2
Why?
Why do we (and I’m including myself here) struggle so much to meet the goals we set for ourselves? Is it because we don’t want to? Because we lack commitment? Not so much.
One big reason behind our failures is that most of us lack a clear connection between our present reality and the future we’d like to achieve. That vagueness can cut the emotional ties to a financial goal, draining the passion and commitment that actually lie within us.3 When we don’t connect to our goals at a deep level, it’s easy to get off track and lose our momentum.
So, how can we stay on track to achieve our financial goals?
By reconnecting with the vivid emotions behind them and digging deeper to uncover our inner passions and motivations behind our goals.3 A simple way to dig deeper into the underlying reason for your financial goals is by peeling back the layers and asking yourself “why?” three times.
For most people, financial goals take time to achieve. From spending less to saving more, these goals take consistent effort and action. They can require you to change your habits, make sacrifices, and stay the course for years.
And that’s hard.
But it can be a lot easier if you’re able to stay connected to the “why” and the passion behind your goals.
Sources:
1- https://www.bankrate.com/personal-finance/smart-money/how-to-avoid-common-financial-mistakes/
2- https://www.inc.com/marcel-schwantes/science-says-92-percent-of-people-dont-achieve-goals-heres-how-the-other-8-perce.html
3-https://www.cnbc.com/2019/11/29/use-financial-psychology-to-crush-those-saving-goals.html
4- https://www.marketwatch.com/story/passion-budgeting-lets-you-keep-what-matters-most-yet-still-fix-your-finances-2019-01-25
Risk Disclosure:
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results. This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. For illustrative use only.
Global Hill Wealth Advisors LLC is a registered investment advisor located in the State of Connecticut. Additional information about Global Hill Wealth Advisors LLC and its advisory persons is available on the SEC’s website at www.adviserinfo.sec.gov by searching with the firm name or with CRD# 316075.