Author : Paul Pratt
Many Americans fail to plan for retirement. Working toward retirement requires planning, dedication and time. Most people end up with no retirement because they fail to set goals. Goal setting is challenging for many, but we have a six step success strategy to setting up and accomplishing your goals.We have developed a six-step financial goal-setting process.1. Set your financial goal: In the previous steps, you worked to create your Total Expense Amount (Budgeted). We recommend you use this figure as your financial goal. This is the amount of passive income you need to achieve wealth.2. Break down the financial goal into manageable milestones: Whether you need $10,000 or $500,000 to become financially free, you need to set milestones to help you manage your progress. We recommend that you use 20 percent of your goal as an appropriate milestone.3. Create a specific, step-by-step plan to achieve each milestone: This plan should address not only the vehicle to achieve the goal (real estate investments), but also express your monetary and time contributions to your plan. Example: I will achieve Milestone 1 by investing in real estate and using my current net cash flow and two hours a day in pursuit of my investments.4. Determine a reasonable time frame for each milestone: The rate at which investors are able to achieve their financial goals varies. Use a conservative estimate at this stage, but revise it after you have completed your first real estate investment project and updated your personal financial statement.5. Plan how to safeguard your milestones: Unfortunately, we must safeguard our milestones against our own human nature. New investors have the tendency to spend their newly earned cash flow by increasing or adding new expenses to their ideal budget. Don't let yourself get caught in this trap. You can safeguard against this trap by opening a separate bank account for your investment funds. Keeping these funds separate from your personal funds will help prevent you from increasing your living expenses via new car payments, credit card balances or frivolous luxuries. Be disciplined and patient; your reward will be financial freedom.6. Determine a re-evaluation schedule: Periodic progress assessments are central to your success. Use these re-evaluations to outline your progress, determine the necessary steps to keep you on track and provide you with the motivation to keep going. MYreiTEAM recommends you schedule these assessments at the same time every week.Our team's diverse backgrounds and investing experiences include a high school teacher, a college drop-out, an MBA graduate, a waiter, a secretary, a real estate agent, a banker and a stay-at-home mom. Despite our diverse backgrounds, we all made the decision to truly change our lives. Although our starting points couldn't have been any more different, we each discovered that our journey toward financial freedom began with real estate.Whether you are an experienced investor with excellent credit and money to burn or a beginner with poor credit and no cash to spare, MYreiTEAM will construct a personalized investment plan for you that will maximize your profits and help you reach your financial dreams. Our program is so incredibly successful because the individual is considered before suggesting a course of action. So don't delay, go to MYreiTEAM, and discover what you need to do in order to capitalize on the real estate revolution.
Keyword : real estate, invest, finance, agent, broker, realty, property, american dream
สมัครสมาชิก:
ส่งความคิดเห็น (Atom)
ไม่มีความคิดเห็น:
แสดงความคิดเห็น