How to Get WhatHow to Get WhatYou Want in LifeYou Want in Life

Some people make things happen, some watch things happen, while others wonder what has happened.

Unknown

• OrganizationOrganization

• DirectionDirection

• Decision-makingDecision-making

• Control Control

• PredictionsPredictions

Financial Goals Give Us:

$MART Goals$MART Goals

$$ SpecificSpecific

MM Measurable, Mutual,Measurable, Mutual,

MotivatedMotivated

AA AttainableAttainable

RR Relevant, Realistic,Relevant, Realistic,

Resources, ReviewResources, Review

ReviseRevise

TT Time-Line, Trade-OffsTime-Line, Trade-Offs

Goal SettingGoal Setting

Write it down.Write it down.

Written goals transform:Written goals transform:

wishes into wants,wishes into wants,

cant's into cans,cant's into cans,

dreams into plans,dreams into plans,

and plans into realityand plans into reality

Don’t just think it - ink it!Don’t just think it - ink it!

Barb WingfieldBarb Wingfield

Satisfaction Status

Power Success

Envy Security

Control

What does money mean to you?

People Value Money DifferentlyPeople Value Money Differently

Financial Security: Financial Security: What is it?What is it?

10 Top Money Mistakes That

Waylay Young Adults?

10. Do not save.

9. Long-term new car loan.

8. Purchase large life insurance policy before needed.

7. Do not comparison shop for insurance.

6. High use of credit cards.

5. Large debt for too many years.

4. Overlook joining a credit union.

3. Purchase overpriced credit life and disability insurance.

2. No contributions to a tax-deductible retirement plan.

1. Do not finish post-secondary education.

Source: Garman, E.T. and Forgue, R.E. (2005). Personal Finance.

Compare The DifferenceCompare The Difference

Monthly PaymentMonthly Payment

$253.93 X 60 = $15,235.80$253.93 X 60 = $15,235.80

Save per MonthSave per Month

$147.05 X 60 = $147.05 X 60 = $ 8,822.79$ 8,822.79

$ 6,413.01 More$ 6,413.01 More

What are you aiming for?What are you aiming for?Is the goal . . . .Is the goal . . . .

Possible?Worthwhile?Your Choice?

Specific?Reachable by a Target Date?