Dreams & Goals
By Tammy Claramunt
While standing in line at a vacation resort recently, I began chatting with the woman in line next to me. We were out at the pool, waiting for the bartender to whip up a cocktail and she was friendly, nice and oh so fashionable. She was wearing a spectacular pair of Chanel sunglasses-round, gold and extremely sparkly!! She told me how she vacations here frequently, a place that was a-once in a lifetime-kind of place for me.
Cocktail in hand, I strolled back to my chaise, stared out at the beautiful scenery around me, google-searched her $500 pair of sunglasses then quickly wondered the possibilities. "I don't want to be her", I announced to myself, "I just want to be here".
This dream or goal or desire is not unlike any other. I pulled a pen from my bag, using the napkin from my cocktail, I quickly began working on a plan. A financial plan.
In the past when I've read other financial articles, it's easy for me to see how people get overwhelmed by the information or lost in the details. A long-term financial goal doesn't have to be overwhelming though. Think of it this way: when you are trying to accomplish a career goal do you consult a career coach? When you are facing a weight loss obstacle, might you consult a health coach? A financial goal needs the help of a financial coach. It all begins with the end in mind, yet action and accountability are critical components. For example:
- 1. Identify your desire or need? What is the end goal you are striving for? A vacation? An early retirement? A larger home? A better car?
2. Evaluate where you are now. What does my spending look like? What can I trim? What can I do to earn more? What can I do to save more? Invest differently?
3. Develop a plan to achieve your goal. How much, how long, etc.
4. Track. Stop, measure, re-evaluate but most importantly, have an accountability partner who will track & measure your progress with you.
Unfortunately, I have other financial goals that have a larger priority than the vacation spot; however, I'm making it a part of my plan. I WILL return there some day! In the meantime, I'll be more aware of my financial habits so that I can stay on track.
Tammy Claramunt pursued her life’s dreams by becoming a Financial Advisor with Edward Jones. She spends her days in pursuit of others committed to their dreams as well!