“The trouble with not having a goal is that you can spend your life running up and down the field and never score.”
– Bill Copeland
“You need a plan to build a house. To build a life, it is even more important to have a plan or goal.”
Do you set financial goals for yourself? What are your goals for the next 1 year? How about 3 years from now? 5 years? 10 years? What are your aspirations and financial responsibilities in life?
Goal Management is the first step in successful goal achievement. It marks your first point toward success. It’s when you switch from a passive state to being involved in life.
When you set goals, you think ahead, after which you can create your action plan. Even if things don’t go according to plan, that’s okay as you can review, adjust your plans, and then steer your life toward your vision.
Once you know your financial standing, the next logical step is goal setting to remedy the weak spots in your financial health. The long journey of goal Management starts with a step. The first step is to identify your goals. The next would be to break these goals down into measurable goals- short term (less than 1 year), medium term (1 to 3 years) and long term (5 years and more).
Advantages of Goal Management:
- Take Control of Your Life
- Get Optimum Results
- Creates Focus
- Creates Accountability
- Motivates to save more
- Get the proper asset allocation
- Live Your Best Financial Life
The SEBI registered investment advisor can help you educate to increase your net worth by making the right investments. Lastly, your financial progress has to be evaluated at regular intervals- monthly, quarterly or semi-annually. This is imperative so that you know that you are steadily on the way to achieving your goals step by step. The Financial Mall can help you execute your investment decision & track them on daily basis seamlessly through an automated goal tracker so that you can take corrective decisions and actions in consultation with your advisor.
We help you with various tools to:
- Execute your Investments for your financial goals
- Assess your Risk Tolerance through our automated Risk Profiler
- Monitor your asset allocation on portal
- Use online calculators to quantify your goals and aspirations
- Evaluate your progress on daily Basis
Know that all things are created twice: first in the mind, then in the physical world. The mental creation happens when you set your goals. The physical creation happens when you work on your goal and bring it to life. Without the mental creation, the physical creation can’t happen. When you set goals, you kick off the very first step to make your dreams happen, after which the next steps will follow suit. Our online tools & calculators can helps you plan your goals in a more disciplined and scientific manner. You can even track the performance of your investments made for achieving your goals using Online Goal Tracker.
Please note that the information & tools provided above is only for education purpose and we are only Distributors to execute the transaction on the instruction of investors.