How to Achieve Your Financial Goals

There are only two results for every goal we set. We either get what we want, or we don’t get what we want.

Think about it. Even in the most selfless endeavor, to some degree we intend to get what we want. We either get it or we don’t. So, we can agree that it is better to get what we want rather than to get what we don’t want, right? Aside from a few times here and there when our desires are not good for us, generally speaking, getting what we want is a good thing.

I spent much of my early life not knowing about how to get the things I truly wanted out of life. I want to share with you what I’ve learned to solve that problem, particularly as it relates to financial goals.

First, you must know what your goal is. Not just having vague knowledge, but really knowing. For example, knowing another person is not the same as knowing your spouse or a close friend. There are different degrees of knowing and you want a level of knowledge that results in certainty. You must be able to specifically name what your financial goal is. I use the acronym S.M.A.R.T. This stands for specific-measurable-action based-relevant-time bound. You should be able to name these attributes of the things you want. This level of knowing creates the certainty you must have.

Here is another good example of how to apply S.M.A.R.T. with financial goals. Saying “I want $10,000 per month in passive income from investments by the end of 2026 so that I can be Financially Independent” is a S.M.A.R.T. goal. You could even set S.M.A.R.T. goals that lead up to this, like how much money you need to accumulate or homes you need to invest in to get there. Can you see how this method of financial goal setting is more effective than saying “I want passive income” or “I want to be financially free”?

Next, we must be sure that we really want the goal. What I mean is this: do you really want it or do you just like the concept of it? Back to my example of knowing someone versus knowing a spouse, with a spouse, you get the good, the bad and the ugly as the tradeoff of “knowing” someone that closely. You better want everything that comes with that relationship.

To apply this with financial goals, I use an exercise of cause and effect to determine whether or not I really & truly want something or if it just sounds appealing. It goes like this: To get the $10,000 S.M.A.R.T. goal that I set, what actions must I take in order to achieve it? Well, I’d probably have to work more to generate more income. That means less time with my family and more time at work. I’d also need to save more so I can invest faster, and it probably means I need to tighten the budget up a bit. There will also be some time dedicated to training and education, so I have the knowledge to achieve my goal, which means even less time with my family and extra time studying.

Do I want all those actions?

Before I answer that, I need to answer this next one, which is once I achieve my goal, what outcomes will it cause? Well, $10,000/mo. in passive income would mean that I am closer to Financial Independence. It would mean that my family and I would have a greater quality of life and more time. It means travel. It means I can work because I want to not because I have to. It also means I can help others more easily. It might mean more taxes and more things like bookkeeping and attorneys to protect what I’ve built. Do I want those outcomes as well? And is this worth the things I’ll need to experience to get there?

This is one of the biggest problems we face. Simply knowing whether or not we truly want something is a critical component. Often, we don’t achieve goals because we are in “maybe-land” on if we truly are all in on the goal.

The last thing is the ability to get and obtain that thing. Who must you be, what must you do, and what must you have in order to achieve the goal? Of these three categories, being is going to be the hardest part. Why? Because being-ness is linked to our perspectives, attitudes and opinions. So, to be the person you need to be to achieve your goal, you’ll need to change your perspectives, attitudes and opinions. Additionally, we must be the person required in order to do the actions required. When we do those actions correctly and completely, we can finally have what we desire. Doing means taking action. It means finishing things. The number one obstacle to overcome here is time as most people drag the actions needed to achieve their goals way out or break them in to bite sized, tiny little pieces and they never achieve the goal at all (infinite time added) or it takes forever (lots of time added). When it comes to doing it, speed is the key. Which means you must BE a fast person. Which means you must change your opinion, attitude and perspective to one that agrees with being fast and disagrees with being slow. Which would equate to you DOING things faster in real life. And that would mean you achieve your goal faster because you are a fast person who does things fast.

I hope this mindset behind financial goal setting is helpful for you and I want to challenge you to use it within 24 hours of learning it (like we said, speed).

Follow these steps. Apply them to the goals you intend to achieve. They’ve worked for me countless times!

My mission in life is to help good people build more wealth who make the world a better place and it starts with financial training and understanding.

So, if you’re a good person who wants to help make the world a better place and this article helped you, I want to encourage you to join our free Facebook community, Wealth DynamX Nation.

I want to encourage you to start putting this into practice. And feel free to write to me and let me know how it went. Or if you’re a client of mine and you’d like help leveling up, send an email to my team with “Level Up” in the subject line to Contact@WealthDynamX.com.

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The Blueprint to Financial Freedom by Jerry Fetta

To Purpose, Wealth & Freedom,

Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on 100+ podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.

Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.

Learn more at www.WealthDynamX.com

(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)