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5 Long-Term Financial Goals and How to Achieve Them

Success

Your long-term goals are an important aspect of your financial health. The timeline of a long-term goal generally isn’t strict, giving you plenty of time to review and adjust your goals as you go. Most people enter the workforce with over 30 years until retirement, so the sooner you can start saving, the more wealth you can build.

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How to Set and Achieve Financial Goals

Success

Setting financial goals helps you improve your financial situation, whether you want to pay off debt, buy a home or fund retirement. Medium-term: These goals will take longer to reach than short-term goals but are still generally achievable in the next one to five years, such as paying off credit card debt or saving for a new car.

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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

Success

Commit to a regular workout routine such as yoga or running to improve your health and feel great. Save more for retirement. Increase contributions to retirement accounts such as your 401(k) or IRA. Empower yourself to live debt-free by paying down high-interest debts such as credit cards. Exercise daily.

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Lessons From Past Recessions

Success

As part of your financial plan, consider the following: Review your finances. Start by reviewing where you stand financially to get a clear overall picture of your financial life. How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? How much cash can I quickly access if needed (i.e.,

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44 Ways to Kick-Start Your New Year

Success

I want my financial future to be bright and to have no worries when I’m older and ready to retire. Review your expenses as a couple. Cut up credit cards. For health? I graduated from college, and I needed to start planning out my financial future. Brandy Jules , former SUCCESS staff writer. Build value every day.

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Handbook for Life: 52 Tips for Happiness and Productivity

Stephanie LH Calahan

But losing your extra fat (and when I say lose weight, I mean lose fat), decreases your health risks (obviously), makes you look better, and in general is very likely to increase your happiness about yourself. Cut down on the number of accounts you have, cut down on your credit cards, spend less, reduce your bills. 

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