Do you set financial goals?
 

What are they? Do you meet them?

I surpassed my goals several years ago. I am just coasting out the rest of my life. I would trade everything I possess to have my health restored...but it is not possible.

yep, I do... can't say I'm always reaching them, but it helps me, cause I'm so fucking lazy... :)

Yes I do, for my design business I have a min. ammount wich I want to reach each month and on top of that a growth of a % every half year.

Sofar I reached them everytime ;))

I really don't set a certain goal. I'm chasin paper 24/7.

For those of you with revenue goals, do you have spending goals? Like, I am going to spend LESS THAN $x this month?

My goal is $10k a month by the end of the year, but I can't never get past $4k a month

yeah, to make as much as I can!

tony

I have like a set ammount wich I can spend yes as my other goal is to have an X ammount of money on my business account at the end of the year ;))

I live far below my means...but I am satisfied in doing so. My needs are simple...my tastes are simple and always have been. The most extravagant thing that I ever bought...just because I could...was a new Diesel motor home...which cost me several hundred thousand.

I have goals which I haven't met. I will hopefully in 5 years.
What are they? I won't tell.

No, but I set travel goals and leisure goals.

Really.

Yeah. I set financial goals...

Then my wife goes shopping.

ADG Webmaster

Those are GREAT goals, Joe.

Really.:-)

PS I was expecting you to say that ;-)

I have a rough idea to go by

When I sold my first business, its turnover was a bit shy of $5 million a year. 20 years later, its new owners reported $450 million and change. Now it is part of Deutsche Post.

I have never kidded myself if that business had stayed in my hands it would have grown, if at all, far beyond the level to which I took it. In fact I hated the last couple of years before the sale, because I was being forced to spend too much time with accountants, who wanted me to think numbers instead of letting me focus on what we were actually doing.

There's a special irony in this, because I trained as a chartered accountant. But I absolutely hated it and resolved that whatever I did next, I was going to fly by the seat of my pants and not rely on anything I could learn from a book. I got away with it and I have had three successful businesses in my life, selling all of them not long after someone said "business plan" to me. Dealing with numbers, instead of just letting them happen, always seemed to take the fun out of whatever I was doing and get in the way of doing it well.

I'm not proud of all this: it's undoubtedly a weakness. But I had an instinctive grasp, that was right a lot more often than it was wrong, of what would make money. And not just for a concept, but for making it happen too. Even my approach to costing was cavalier to say the least: pricing to me was as much a part of an idea as the service or product itself, so prices just kind of "popped up" along with everything else. Stuck with them, as it were, I had to make sure that costs and volume were such that everything came out right in the end. Usually they did :)

I have monthly, yearly and five year goals written and tacked to the wall. my last goal seemed so far away and I am sure we will hit it this month.

:thumbsup

i do set financial goals but recently since i started paying the condo unit i bought..my monthly goal was stopped..

no, I don't have any limits... I think that if I'm running out of money then I just earn not enough... so I can't spend too much, nothing is "too much" :winkwink:

I do, not only serves as motivation, helps alot to organize my work plans :)

Once I reach them, I just find another one :)

Curious. Do you have any interest in increasing your wealth? How old are you?

I have financial goals, and I do everything within my power to reach them. I don't have any spending limits, I buy whatever I want but it stays within reason. I always have money to put in my savings account at the end of the month

I have goals for every aspect of my life.

After that I have plans relating to my goals.

Every day I take actions based on my plans. I make adjustments as necessary. Isn't that normal? :1orglaugh

Yes, I must have control specially on the un-necessary expenses.
I have set goals in my life and as of today everything is in the right direction.

i set my goals not that high ..

I set financial goals in the following way:

- Rough goals for a long time period (e.g. month/year)
- Concrete goals for a short time period (e.g. 15k in the next 3 days)

The latter makes it a lot easier to actually reach your goals ...

"Get the bills paid" is pretty much the extent of my financial goals :)