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5 Long-Term Financial Goals and How to Achieve Them

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What are long-term financial goals and why are they important? Long-term financial goals are your money objectives that will take more than a few years to achieve. Your long-term goals are an important aspect of your financial health. These goals provide motivation, direction and discipline when managing your finances.

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7 Short-Term Financial Goals and How to Achieve Them

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Setting money goals is an important part of planning your financial future. Short-term financial goals, in particular, can help you jump-start your financial planning. What is a short-term financial goal? Short-term money goals are generally smaller goals that you plan to reach within a year.

Goals 228
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How to Set and Achieve Financial Goals

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A financial goal is a specific objective you set for yourself to achieve in a period of time, like the destination at the end of map directions. Setting financial goals helps you improve your financial situation, whether you want to pay off debt, buy a home or fund retirement. Decide on your priorities. Rebalance your budget.

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What Is My Net Worth?

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A positive net worth is a sign of financial health; the higher your number, the better you’re doing. You may be spending more than you earn and using credit cards to help you cover expenses. Liabilities are debts you owe others, like a loan or a balance on a credit card. What are my liabilities?

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7 Money Mistakes You’re Making in Your 20s

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Here are seven money mistakes from your 20s that you can easily drop to help get your financial health in good shape. Paying credit card interest or fees. A credit card can be a useful tool. For example, paying the minimum payment on $3,000 of debt at an 18 percent interest rate would take 18 1/2 years to pay off.

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How to Find Your Money ‘Why’

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How many bath bombs have been purchased on credit cards in the name of self-care? You might find yourself naming things like “beauty,” “health,” “community,” “family” or even something grander, like “justice.” How many unused vitamins and supplements under the name of wellness? Pink things for breast cancer awareness?

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How Toxic Positivity Can Hurt Your Finances

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While staying positive is essential to reaching your goals, pushing aside or suppressing negative feelings can make things worse in the long run. Suppose you rack up credit card debt with a you-only-live-once attitude and haven’t developed a plan to repay that money.

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