Target Setting

Rich people understand that it is important to set financial goals to become rich.

How rich people set financial goals

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How to Set Financial Goals for Your Future

Setting short-term, midterm, and long-term financial goals is an important step toward becoming financially secure. If you aren't working toward anything specific, you're likely to spend more than you should. You'll then come up short when you need money for unexpected bills, not to mention when you want to retire.

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The Top 10 Good Financial Goals That Everyone Should Have For 2021 - Good Financial Cents®

If you haven't realized this yet, I'm kind of a goal setting freak. Some people do New Year's resolutions. That's great, but I think you need to revisit your goals on a more consistent basis. For me, that's every 90 days. Other people don't bother to set goals.

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Source of Content: Stanley, T. J. (1996). The millionaire next door: The surprising secrets of America's wealthy. Taylor Trade Publishing. Zitelmann, R. (2017). Psychologie der Superreichen: das verborgene Wissen der Vermögenselite. FinanzBuch Verlag. S. 131 ff, 226-228, S. 236; Furnham, A., & Argyle, M. (1998). The psychology of money. Psychology Press. S. 30 ff.; https://www.snydercapitalmanagement.com/wealth-preservation-preserving-wealth-a-how-to-guide;

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