5 Reasons You Will Struggle to Keep Your Financial Goals in 2025

Hi, I’m Tyler, a former financial advisor and portfolio manager, now dedicated to sharing financial wisdom for free. Today, I’ll outline five reasons why you might not stay committed to your financial goals heading into the new year.

1. Your Goals Aren't Specific

Instead of vaguely stating, I want to save more money, specify your target. For example, I want to save $1,000.

2. Your Goals Aren't Precise

When it comes to saving from your paycheck, say, I will save 50% of each paycheck rather than just saying I’ll save a percentage.

3. Your Goals Aren't Achievable

Be realistic with your ambitions. Instead of aiming to save 50% of your paycheck, start with I want to save and invest 1% of each paycheck. Begin small and scale up as your savings grow.

4. Your Goals Aren't Relevant

Define what wealth means to you. Instead of chasing riches for riches' sake, connect your financial goals to your personal life. Do you want another car? Or perhaps you want more time with family?

5. Your Goals Aren't Time-Bound

Replace vague timeframes with specific deadlines. Instead of stating one day I want to be my own boss, say, within two years, I want to afford to buy back one day a week to spend with my family and friends.

In summary, make your goals SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. I wish you all great success in 2025! If you find this information useful, please like and follow for more tips to help you reach your financial objectives.

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