We all have goals. However, setting goals isn’t the difficult part; achieving them is.

We all have goals. Whether it’s to buy a new car, save for retirement, or travel the world, goals give us something to strive for and help us stay motivated. However, setting goals isn’t the problematic part; achieving them is.

Unfortunately, most goals in life cost money, some a lot more than others. Whether your goal is to buy a home or investment property, retire in style, go on an overseas holiday, or buy your dream car or boat, you can only reach your goal if you have the funds to do so.

At Centaur Financial Services, we understand that saving for your goals can be challenging. That’s why we offer various services to help you make the most of your money and reach your financial goals.

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How to Make Your Goal a Reality

Setting a goal is the first step, but it’s not enough. You also need to break down your goal into smaller, more manageable steps and give it a name.

Setting the goal of owning a home outright by age 40 is a big goal, and it can seem like an impossible task, one that’s too unrealistic. However, if you break it down and set yourself a micro-goal, such as putting $20,000 towards your mortgage a year, the goal becomes all the more possible.

Start by simplifying your finances to reduce your debt and financial burdens. Once simplified, you can create a realistic budget and determine how much extra you can put towards your mortgage above the minimum loan repayment.

By creating micro-goals within your goal, you can reward yourself along the way, encouraging you to continue working towards your goal.

For example:

  • If you set a micro-goal of saving $1,000 per month, you can reward yourself with a new book or a night out with friends when you reach your goal.
  • If you set a micro-goal of putting $500 towards your mortgage each month, you can reward yourself with a new piece of furniture or a weekend getaway when you reach your goal.

By rewarding yourself for reaching your micro-goals, you will stay motivated and on track to reach your ultimate goal of owning a home by age 40.

To make your goal more than a pipedream, give it a name. In this case, your may call your goal the “Own Home Fund”. The “Own Home Fund” is now a real thing that you can talk about and nurture as you would a pet.

By talking about your “Own Home Fund” and discussing it with friends and family, you will be encouraged to continue saving, striving to reach each micro-goal until you reach your primary goal.

For example:

  • You can set up a separate bank account for your “Own Home Fund” and deposit money into it every week or month.
  • You can create a spreadsheet to track your progress and see how closer you are to reaching your goal.
  • You can talk to your friends and family about your goal and ask for their support.

If you stick to the budget you set for yourself, there is no reason why you cannot meet your goal.

Things don’t always go according to plan, so it’s important to be flexible and willing to adjust your goals as needed. If something unexpected comes up, don’t let it derail you. Just take a step back, assess the situation, and make a new plan.

If you’re struggling to stay on track with your financial goals or need help adjusting your goals to account for unexpected changes, contact Centaur Financial Services. Our team of experienced financial advisors can help you create a financial plan that meets your unique needs and goals. We can also help you adjust your plan as needed, so you can stay on track and reach your financial goals.

Contact Centaur Financial Services today to learn more about how we can help you achieve your financial goals.

Start Saving For A Goal Today

Are you struggling to simplify your financial position or budget towards a goal? If so, contact Centaur Financial Services today. Our team of highly experienced financial advisors can help you with every step of the process, from creating a financial plan to making adjustments as needed. We can help you see your goals come to fruition.

Contact Centaur Financial Services today to learn how we can help you achieve your financial goals.

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