Setting Financial Goals
Based on our analysis of our financial situation, we establish our financial targets.
First we proceed to establish our overall goals (which will guide us to establish specific objectives), some examples:
* To increase revenue streams.
* Reduce monthly expenses.
* Purchase more investment.
* To reduce debt.
And then, based on our overall objectives, we establish our specific goals (which, among other things, we can measure our progress), some examples:
* Have a monthly income of 5 000 for the next year.
* Reduce monthly expenses by 30% next month.
* Invest in a business before year’s end.
* Cancel the entire debt for the second quarter.
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