Believe it or not, you can actually set your goals too low, too. Think of it this way…
Say you have $10,000 in credit card debt and your goal is to pay it off. When you start to make money trading, you can pay this off pretty rapidly. But then, without a new goal, you can lose momentum.
It’s important to re-adjust your goals to suit your career. If you’re meeting them too quickly, aim higher! Don’t hold yourself back by not dreaming big enough.
Having a clean path to reaching your financial goals is a vital part of finding success in business, whether you are trading penny stocks, operate a retail store, or run a food truck.
The tips in this post are meant to help keep you committed to your goals and gain financial success.
I’m hosting an event next Wednesday, Jan. 24, to show you how too can learn how to gain financial success by trading penny stocks. If you’re ready to take control of your financial future, join me. If not, I don’t have time for excuses.
Regards,
Tim Sykes
for The Daily Reckoning
This post 5 Reasons You’re Not Reaching Your Financial Goals appeared first on Daily Reckoning.
Despite the fact that the stock market has been booming, so many people are not meeting their financial goals. Some wonder if they’ll ever be able to retire.
Well, I want this year to be the year in which you actually reaching your financial goals.
I’m a trader. Usually, when traders are not meeting or reaching their financial goals there are some simple and easy to explain reasons why. That fact may be hard to swallow, but it’s the truth. I have a reputation for giving it straight
So, let me detail five common reasons why traders aren’t realizing their full financial potential, and offers tips for how to reverse this negative trend.
Reason #1
You don’t have goals. What are your goals?
If this question is being met with crickets chirping in the silence, that’s a problem. Chances are, your lack of goals is playing a big part in why your financial dreams aren’t coming true.
To be able to attain your financial goals (and any goals, really), you first need to have goals. So what are your goals?
This should be unique to you, and not based on things you think you “should” want.
Maybe you want to earn enough money so that you can buy a condo in Manhattan. Or perhaps it’s not a single tangible thing, but you have a goal to increase your income by 20% per year.
Quite honestly, it doesn’t matter what your goals are. What’s important is that you have goals that are meaningful to you, and which you have thought out carefully.
By having firmly defined goals, you have something specific on which to measure your progress, and specific things to work toward. Having specific goals in mind also allows you to create manageable milestones to work toward them.
Reason #2
You lack targeted training. You can have the most specific goals in the world, and the most magnificent plan for how to attain them.
But it won’t happen if you don’t have the skills necessary to succeed. This is true in any type of business, but it’s particularly important if you’ve chosen trading as your profession and how to go about reaching your financial goals.
I’ve created an e-letter specifically designed to help my readers do that (go here now to learn how you can sign up). It’s designed to give my readers the precise skills they need to get ahead and make money by trading penny stocks.
A basic education on how stocks work simply isn’t enough: you need to be specifically trained in what it is that you need to know to make money.
Reason #3
You’re not working hard enough. Becoming a millionaire requires a lot of hard work.
But something that many traders overlook is that making $500,000, or even $200 for that matter, requires hard work too.
And when you work hard, you must be working hard on the right strategy. In a nutshell, you need to work hard all the time as a …read more
Source:: Daily Reckoning feed
The post 5 Reasons You’re Not Reaching Your Financial Goals appeared first on Junior Mining Analyst.