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Financial Goals
Financial Goals代写 It is critical that everyone set the financial goals which will help his or her financial security I future.
Introduction
Looking at the economic situations in the country and given the social security and retirement uncertainties. It is critical that everyone set the financial goals which will help his or her financial security I future. There are people around us who failed to plan for their future and after years of hard work, end up languishing in poverty. It is said that failing to plan is planning to fail. Financial goals are essential to anyone wishing to live a decent life in the present and future.
In essence, financial goals need to be SMART, that is they need to be specific, measurable, attainable, relevant, and time-bound. Therefore, it is important to prepare well before embarking on financial goals which will ensure that they are SMART. I have a vision of owning my home, have a good car, health insurance, and just enough money to afford a decent life and spend on everything I want. I envision that in the duration of seven to ten years. I want to have worked and probably be financially secure for myself and children
Short-term Goals Financial Goals代写
First and foremost, as a short-term goal, I need to horn my financial literacy skills which I feel are wanting. At some point, financial literacy is ignored by many but is a crucial thing to have for a progressive financially secure life. In the bid to acquiring these skills, I will have to enroll for a few classes on financial management and investment skills. Also, I will need to read widely on matter finance and investment. Reading will acquaint me with the current issues in finance and investment. It is expected to take no more than one month.
Most are the times when people have money but lack the idea on how to invest. Financial Goals代写
At this point, a person can end up misusing the money they have taken too long to amass. They also risk making a wrong investment decision which may lead to loss of investment capital and the investment altogether. I have realized this, and the only way out of such a financial crisis in the future is to be adequate psychological preparation. In so doing, I will also have to read widely, share with my confidants, and create mutual networks which are crucial to my financial journey.
Perhaps one of the most profound goal at the beginning of my financial goals is realizing the power of saving. Saving is that income that I did not spend or deferred its consumption. Learning how to create a workable budget and which give room for saving the extra money is fundamental. It is impractical to attain my goals if I fail to learn how to save. Investment is the product of savings which is an art of knowing how to spend wisely.
To increase my savings I need to work on my expenditure, that is, spending only on the things that I need the most and leaving out the rest which can wait. My budget should be a reflection of my earning, expenditure, saving and it has to be flexible to adjust to increasing my savings in the future. I expect to save for at least five years to qualify for a bank loan to finance my real estate business prospects.
Intermediate Goals Financial Goals代写
After laying out a good foundation on which my financial goals will be raised, I have three intermediate goals to meet. At this point in my life, I need to have saved a significant amount of money after the attainment of my short-term goals.
My first objective at this level is to purchase at least two homes for renting.
The houses will mark the beginning of my real estate business. Real estate is one of the modern investment opportunities that most investors have found prolific. My objective of investing in real estate is to buy an already built home which I will rent out. I anticipate that each of these houses will cost approximately $250,000 to $300,000 depending on the prevailing market forces.
After buying them, I will rent out at $500 per month. I expect to be receiving a return of at least $1000 a month which is $12,000 per year from the two investments. The idea of buying homes and renting out is worth investing in because I will receive the payment for the rest of my life. I will use this investment to support my family and save for more opportunities.
If I need to be a legal real estate investor, I will need to acquire a practicing license. Financial Goals代写
The license will seek my recognition by the National Association of Realtors. It is only through licensing that I will be able to get access to extensive information about the real estate business in the United States and beyond. I will also be able to practice as an agent, salesperson, and a broker. The license will also open up the opportunities of access to real estate financing. Which I can use to acquire more homes to rent out.
Additionally, I will need to diversify my investment opportunities by investing in the stock market. The stock exchange is another productive but risky area to venture as an entrepreneur. With calculated risks, persistence, and patience, it can turn out to be a profitable investment. However, to succeed in this area, I will need to acquire enough knowledge on the mechanisms which the stock market operates. I will then identify a few companies in which to invest my money. The returns from the stocks will be used to support my real estate business. If successful, the stock market investment will be continuous as one of my mainstream business activities.
Long-term Goals Financial Goals代写
Real estate is one of my preferred investment decisions. It is, therefore, my long-term goal to continue investing in real estate. I expect to have my own company through which I will do the real estate business. The company will be privately owned and run as a family business. It will specialize in buying and renting homes at affordable prices. Through the company, I will be able to expand my potential opportunities in the real estate business.
In twenty years, I expect to have more than twenty homes for renting which will give me a constant flow of returns. Financial Goals代写
I will spend the profits to buy lands on which to build a house for renting and sales. Moreover, as a growth strategy, I will learn how to flip a house in wholesale. The venture will see me not only building and buying homes for renting but also buying houses which I can later sell at a profit.
After I have achieved all my financial goals, the last goals to culminate my success is to have a family. I expect to get married at the age of thirty-five years. At this age, I will have attained most of my goals if not all and I will be living a decent life. I envision to have a husband and two children and together live a happy and fulfilling life. Along with my husband and children, will continue to manage my real estate company and try reaching the pinnacle as a successful business family.
The primary aim of this financial goal is to live a decent and happy life as well as to have enough for my family.
I will make sure to have accumulated wealth which they can use and depend for a generation. Generally, for the achievement of my financial goal I have to remain focused, be persistent, and never to give up. I will also need to develop a financial discipline which will guide me through the journey of being financially secure.
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