Henry Ford once said, “Whether you think you can, or you think you can’t – you’re right.” This sharp little statement could be applied to so many different aspects of our lives, including reaching our financial goals. Your mindset is so critical when it comes to financial planning. If you’re not motivated to plan or not focused on your goals, you’re likely not going to achieve them. So just how can you stay motivated when there are so many things in life that can derail you? Here are a few suggestions for staying motivated so that you can create your plan and stick to it.
Start with your reason why. So often we think about how we are going to get to a goal, but not necessarily why. Your reason for financial planning is going to power you through financial ups and downs and anything that might distract you from reaching your end game. Perhaps you are buried under a mountain of student debt and you want to be able to provide a college fund for your children. Or maybe you want to retire early so that you can enjoy more quality time with your family. Money isn’t the end, but a means to freedom in so many ways. Think about why you want to hit your financial goals and allow that to drive you.
Set realistic goals. Don’t be afraid to dream big, but set goals that are achievable so that you won’t feel deflated by missing goals that were too lofty. Set mini milestones along the way to those financial goals and celebrate when you achieve them. This can motivate you to keep your eye on the prize, whatever that financial goal may be.
Work on yourself every day. How you feel about yourself and your daily mindset will affect all areas of your life. If you beat yourself up, you’re not going to feel motivated to do much of anything. Be kind to yourself. Make daily affirmations. Read books or attend seminars for personal development. Try to keep a positive mindset at all times instead of slipping into negativity and you will be generally more motivated. Motivation is sometimes like a snowball you’re rolling uphill. It takes a lot of effort to get it going but as you move along you gather more and more snow and eventually you get to the top of the hill and give it a shove down. This is where you pick up true momentum toward your goals. When you feel consistently positive and motivated in all areas of your life, you’re more likely to meet goals.
At the end of the day, staying motivated to set financial goals is a game of mind over matter. Work on how you feel about yourself, how you talk to yourself, the kind of goals you’re setting and your reason for setting them. If you need help setting financial goals and sticking to them, our door is always open.
Linden Oak Wealth Partners offers fee-only financial advising customized for women, in particular, women in transition. Our goal is to create an environment where financial planning is efficient, simplified and easy to understand. We want clients to feel empowered and engaged every step of the way. Please contact us to schedule an initial consultation today.
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