Second Fiscal Quarter Resolutions
It's the first day of 2018 and we're all making New Year's resolutions; it's also the beginning of the second fiscal quarter. Time for you to start your financial goals!
1. PERSONAL goals. Beyond New Year's, it's important to create personal growth goals throughout the year. Breaking this up into quarters is an easy way to stay on track with your resolutions. What do you want to accomplish this quarter? Do you want to take a marketing course to grow your knowledge? Are you going to commit more time to your blog? What's important to you that you would like to spend more energy and time to reach?
2. SAVINGS goals. What would you like to save this quarter and year? Set a reachable but uncomfortable goal, so that if you fall a bit short you'll still be happy. For example, if you would like to make $50,000 this year, aim for $60,000. If you would like to travel this year, set a savings goal to cover this cost and a bit more. Think about why and how you're going to save in the second quarter. Would you like to start a business? How much would this cost you and how can you save? Be sure to set up a strategy for how you're going to get there.
3. GROWTH goals. Beyond savings, how would you like to grow your money this quarter, and how are you going to accomplish this? Are you going to invest in the stock market, a mutual fund, your own business? If you keep your money solely in cash, you're losing some every year because of appreciation. No matter how old you are, you should be looking to grow your money, not just save it. Look elsewhere, and have fun growing it.
4. PHILANTHROPIC goals. Beyond personal goals, how are you going to help those around you? By having an abundance mindset you will actually see your money grow, so research what causes are most important to you. Start sharing your money to make the world a place that you would love to live in.
I hope that you have found that setting financial goals for the second fiscal quarter will benefit you this year. Along with your New Year's resolutions, look to create personal, financial and philanthropic goals per quarter, and start acting on them now.