How to achieve your goal without financial stress
Credit to Author: Tempo Desk| Date: Mon, 15 Apr 2019 09:44:02 +0000
DO you have big goals in life? Making your first million? Buying your dream house or car? Helping your loved ones financially?
All of us have big goals in life. However, this is what I’ve discovered in achieving our goals: “The bigger the goals, the bigger the challenges.”
Sometimes we get overwhelmed and impatient in the process. But in order for you to achieve what you want, you need to take the stairs because there is no elevator for success. Part of achieving your financial goal is to live a frugal kind of life.
I know a person who has big goals like buying their car at the same time wanting to travel with the entire family altogether. However their resources are limited.
In order to hit their financial goals, they resorted to using credit cards. Now they are living in financial stress since they are now living in debt. All of these things are possible. However, we have to tackle it one at a time.
And so the question that I have for you today is: “How can we achieve our goal without living in financial stress?”
Simplicity – The reason why we live in so much financial stress because we tend to complicate things. We need to live a life of practicality.
Why buy a new pair of shoes if you still have a good one? Why would you buy a new set of clothes just because it is on sale? Why try to spend the money that you do not have by borrowing? Why don’t we check our wardrobe and our shoe rack?
You might be surprised to realize that there are many things we bought but never really use or maximize at all. In others words, we are just wasting money.
Let us live in simplicity not duplicity.
Frugality – This is perhaps one of the harder lessons some people had to learn over the years. This means maximizing the value of every peso that you have. For me, it’s choosing to prioritize saving before spending. I set up a saving fund for every goal I got.
My first car is valued at P500,000. Target was to get it in two years time. So I prioritized to set aside R20,000 extra for the