Have you ever wondered why some people are able to accumulate wealth while others are always living paycheck to paycheck? The secret often lies in a simple yet powerful tool – setting clear financial goals. The rise of Crypto Assets has provided us with new ways to achieve these goals, but first, we need to figure out where to start.
What exactly are financial goals and why are they so important?
Financial goals are simply specific milestones you set to improve your economic situation. Whether it's saving $1,000 a month or accumulating a $1 million investment portfolio over 10 years, these fall under financial goals. But why do we need them?
In simple terms, without goals there is no direction. When you lack clear financial goals, you may find yourself aimlessly making spending decisions, unable to create a feasible budget, and struggling to accumulate real wealth. Research shows that those who are able to achieve economic success often set positive goals right from the start.