Once you have completed Net Worth and Annual Cash Flow statements, the final piece is to set some basic Financial Goals. This will detail how to are going to achieve your financial plan over the next year.

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• Each goal (what) will have strategies (how) and action plans (specific tasks you need to do with completion dates).

• Some goals will be short term (one year or shorter) while others will be longer term (perhaps looking 2 or 3 years into the future).

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We have provided an example you can use as a guide. Edit as needed to fit your situation.

• To download our Excel workbook click here

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Below are some questions to help get you started

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• Do you need to build out your infrastructure?

  • Open a bank account?​

  • Set up auto-deposit?

  • Open a self-directed investing account?

• Do you need to set up an emergency fund?

• Do you carry a credit card balance each month?

• Do you have any other expensive debt?

• What is your monthly permanent savings goal?

  • Do you have other savings goals (i.e travel?)​

• What do you want your net worth to be in 12 months?

• What do you want your net worth to be in 3 years?

• What learning goals do you have?

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Course correct as needed. Goals are not meant to be a straight-jacket.