Goal setting is a critical component of financial planning. It is a roadmap to success that will ultimately lead you to higher financial security, freedom, and literacy. Imagine taking a road trip with no purpose and no destination in mind. You may enjoy the freedom of changing courses several times, but your journey is likely to be convoluted with useless stops and wasted resources. Now, imagine a well-planned road trip with researched visits, useful stops, and pleasant destinations that meet most of your expectations. You would still have the freedom to take detours and impulsive stops, but you could always get back on track and keep moving forward. Imagine applying these two scenarios to your financial life. The first would be a nightmare you would not want to be caught in, and the second would be every individual's dream of retiring on a sandy beach with plenty of financial resources.
The SMART Goals self-study module will help learners understand how to establish effective financial goals.