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How to set your financial goals and follow through with them

Want to set financial goals for 2021 but have trouble with achieving them? There is no actual formula to how you can make this happen, but there are certainly some tricks you can use to make sure your plans are put into action.

January is coming to an end. It’s an ideal time to review your past achievements and set new goals. If you don’t know where to start, let’s see how you can proceed.

Looking back

First, look at your achievements and goals for the previous year. The best way to do it is to review your journal. If you haven’t started journaling yet, this year is a great time to start. Journaling is a powerful tool for self-analysis, especially for a trader. That’s where you can write down your most successful deals, strategies, useful information you have learned, as well as the primary market events.

To make a useful summary of your previous year, grab your journal or take a trip down the memory lane and answer those questions:

It will give you a solid idea of what happened, as well as your general sentiment about those events - a great way to start!

Setting new goals

Now you have figured the strongest and weakest points of the previous year. It’s time to fix those! Write down the key points: the highest (which you need to surpass) and the lowest (which you need to improve).

Based on these points, write down your goals. Here are a few tips on how to make it easier for you:

Now, you are ready to reach all your goals!

Following the plan

You have a plan of action - but how do you stay on track? There are a few ways you can approach this task. Feel free to choose the method you are most comfortable with or combine them. 

Reaching your goals might be a difficult task, but it’s never impossible with the right mindset. Remember that your journey to the goal is just as important as reaching it. Be mindful of your own growth.



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