The Truth About The Power Of Writing Down Your Money Goals On One Page
Discover the four ways writing down your money goals makes you achieve your money goals.
Writing things down has always helped me when it came to memorization.
My speech therapy has me practice reading sentences out loud.
Why not combine them to achieve your goals?
I've now written a one-page list of my top financial goals. It helps me to practice my speech and reminds me of what I'm working toward.
Discover the power of writing down your money goals on one page!
🚨Problem: Why You Never Reach Your Money Goals
1. Your Money Goals Are Too Vague
Most people's goals are too vague.
They have no idea what a vague goal like "I want to save more" means.
Your financial goals need to be clear, written goals.
Avoid any vagueness with your money goals.
Instead, say, "I want to save $500 a month to build my emergency fund."
You now have a number and a goal to work toward each month.
You know if you fail or complete your monthly financial goal.
2. Your Motivation Fades Over Time
It's natural for your excitement to fade over time.
Getting out of debt, saving for a house, or retiring early can take years or decades.
It's easy to lose drive when you don't see results overnight.
You can fall back into bad financial habits, leading to debt and overspending.
3. Your Small Spending Mistakes Derail Financial Progress
A $5 coffee from Starbucks every day and a $25 happy hour once a week all add up.
Your coffee costs you $35 a week, $140 a month, and $1,680 a year.
Your happy hour costs you $25 a week, $100 a month, and $1,200 a year.
That's $2,880 you're wasting on coffee and happy hour a year!
That money could help you make financial progress.
Self-awareness of your spending habits helps you to change for the better. Be aware and decide to proactively make positive progress in changing your money habits to reach your financial goals.
4. Lack Of Focus Leads To Inaction
Have you ever set a New Year's money resolution? What happened. You forgot about it by February.
You forget about your goals without constant reminders.
You bury your goals under daily tasks, work, and distractions like reading the news and watching funny videos.
5. Self-Doubt Kills Your Progress
Your self-doubt kills your progress toward accomplishing your financial goals.
Deep down, you don't think you can achieve the goal. The negative voice in your head tells you that you can't.
People say your money goals are unrealistic.
Your friends, family, and society tell you you cannot reach it.
You doubt yourself once you believe the negative voice in your head and others. You become depressed. You want to give up.
You perform self-sabotage on yourself.
You start to overspend. You avoid a budget. You stop investing in your retirement account or the stock market.
You give up too soon.
That's what most people do.
Do you want to be like most people?
Poor. Broke. Living paycheck to paycheck. One emergency and you go bankrupt.
✅Solution: One-Page Money Goals And Daily Reading
There's a simple and effective solution.
It's to write your financial goals on one page.
1. Write Down Your Financial Goals
Write down every financial goal you have on a single sheet of paper.
You want your money goals to be as specific as possible.
Instead of being vague by writing, "I want to save money," write, "I want to save $10,000 in my emergency fund in a high-yield savings account."
2. Keep Your List Short
Only list your most important money goals.
Don't distract yourself with small goals.
List the top five major financial goals you want to accomplish.
3. Save It Somewhere Where You'll See It
You want to keep your money goals list where you will see it every day.
Keep it next to your computer and have the Word document open.
Take the list to your bathroom mirror.
Stick your financial goals list on your fridge.
Make it your phone's lock screen.
Keep the money goals list on your laptop's home screen.
4. Read Your Goals Out Loud
Read your money goals out loud every morning and night to yourself.
Hearing yourself makes your goals feel more real. They're no longer goals in your head. You've written them down and are now hearing them.
Hearing yourself say something reinforces commitment. Hearing it out loud focuses your brain on finding solutions.
You continually remind yourself what your goals are.
😎Why Does This Matter?
There are four reasons why writing your financial goals on one page works.
1. Clarity
Writing forces you to define what you want.
Words are powerful.
Words affect your subconscious.
2. Focus
Daily repetition keeps your financial goals at the top of your mind.
You are more likely to avoid making financial mistakes like impulse purchases.
You spot new opportunities to achieve your money goals.
3. Subconscious Programming
Your brain rewires itself.
Your brain starts working toward your goals.
Your brain is figuring out ways to help you realize your goals even when you're not thinking about them.
Your subconscious is powerful.
4. Accountability
Saying your goals out loud daily means you're making a promise to yourself.
It's no longer a dream.
You hold yourself accountable to achieve your financial goals.
Related - 5 Signs That You’re Fake Rich And How To Become Rich
🏁Summary
Procrastination destroys goals.
Busyness makes you forget what your focus needs to be.
Write down the five most critical money goals you want to accomplish on one page.
Remember, the more detailed, the better.
You can achieve your financial goals.
Remind yourself what those goals are every morning and night by reading your list out loud and taking daily action to make them a reality.
Disclaimer: This content is for educational, entertainment, and informational purposes only. This is not business, financial, investment, or any advice. I write online about topics I find interesting. I make mistakes just like everyone else. Always consult a professional before making health, life, financial, investment, tax, or legal decisions.