If You Have These Traits👇, Investing Might Not Be for You!

Day 1: Rich people are good at managing money

Day 1: How to set financial goals – the foundation of managing your money

Setting clear financial goals is the first step in being a better money manager. If you ever need to track your money, they are worth their weight in gold.

Why Goals Matter

Having goals gives you direction and something to aim for, helping with discipline and motivation. They help determine your financial moves, and ensure that you stay focused.

Types of Financial Goals

Short-term (1-3 years): these should be conditions including building an emergency fund if you do not have one, paying off consumer debt that is high costing or save for a holiday.

Medium-term (3–7 years): Money can be saved for a home, or to fund education.

Long-term (7+ years): Pour any extra cash into retirement savings or large investments.

Taylor your sufficient goals for smart money management!