And maybe you had these lofty goals and aspirations like:
Want to be debt-free.
Save for retirement.
Get out of old habits and finally achieve financial freedom.
Do you still remember how inspired you were when you initially made your financial goals? How focused you were to change for the better?
Is the excitement still there? Can you still feel the burning desire to succeed?
If yes, congratulations! Keep it up!
If no, that’s normal. But don’t give up and let’s get you back on track!
So, how to stay motivated in keeping your financial goals? Here are some tips to help you never lose your motivation.
Remember your why
Ask yourself, why?
Why are you working hard towards your financial goals?
Maybe you want to retire at 35 so you can spend more time with your family.
Or maybe you want to travel the world and make memories.
Your goals are your best motivation so hold on to them firmly.
Commitment for long-term goals is the hardest to maintain. Because you cannot feel its immediate effect or rewards, you tend to get lost along the way.
Here’s a quick tip:
Get a piece of paper. List down your main goal or take a picture of your dream house for example. Hang it on your bedroom wall or someplace that’s hard to miss. This will be a gentle everyday reminder to keep your goal and work hard.
Monitor your progress
Check your assets. How much is your net worth? Have you checked your savings account? Are you almost on your target amount? If yes, be proud and push yourself more. If not, push yourself even harder.
Check your liabilities. Are you recovering?
Seeing positive results after all the hard work and sacrifices you’ve made will make you want to continue. It means that you are on the right path. On the flip side, seeing negative or slow results will help you to think things over again and strategize anew.
Surround yourself with people of the same goals
Achieving goals would be a lot easier when you have friends guiding you along the way. Talk to people who share the same goals as yours and you’ll be surprised by the lessons you can learn from them.
Do you have financial questions or are you struggling at something? I’m sure someone can help you from the group.
Also, if you have friends who live a lavish lifestyle and tend to be influenced by them, think again, perhaps you need some time away from your circle.
Read or watch financial media
Never stop learning. If you’ll read books and will watch financial experts, you’ll be more confident and excited to apply what you have learned. You’ll be able to improve your financial strategies and drop ineffective ones.
Do you find stocks or any other investment difficult to understand? Join Facebook communities dedicated to these topics. Aside from sharing and teaching technical subjects, people of same interests support each other and inspire one another.
Hearing success stories will give you hope and a strong drive towards achieving your dreams.
Enjoy while saving
Celebrate your achievement may it big or small. You deserve a reward for a job well done! Little by little, financial freedom will be at your fingertips!
Do not deprive yourself because you may end up spending more. As long as you are within your budget, you have every right to enjoy your money.
Spending for wants is a good way to re-energize and recharge before going back to our usual businesses.
Are your goals realistic? Is it attainable? Maybe you have set your expectations too high or your time frame too soon. Pressuring ourselves too much is not healthy and will just make us feel demotivated.
How about goal alignment? Do you still want this? Is it still relevant? Goals may change. Do you want to add more goals and remove another?
Finding motivation is a daily struggle. You may get tempted and at times fail. But despite these hardships, continue what you started and soon, you’ll harvest the fruit of all your sacrifices.