Financial Goals

The objective of a financial plan is always to achieve one or many financial goals. One of the more cheeky questions I get asked is: “What if I don’t have a financial goal?”

This question is really nonsensical when you think about it as everyone definitely has a financial goal. Whether it is to retire early and to travel the world, everyone has a dream.


However since we do not think critically about our dreams and our plan to achieve them, or feel that we are unable to achieve them in the first place, we think that we do not have a financial goal. 

And on days that we do try to work it out, the following image appears:


And… We instantly get a headache. Is it really that complicated?


First thing first is to set an image in your mind that financial goals are achievable. Breakdown the components one by one and have an action plan for each of them.

I’ve already discussed about investment and how a systematic approach can improve returns and reduce risk at the same time. Imagine having investments that are fundamentally well researched and monitored actively.

Imagine utilizing insurance to the task that it is designed for, imagine having enough coverage to protect ourselves against most calamities yet not too much that we are overpaying for it and minimizing returns.

Imagine setting up Wills and Trust effectively, covering our dependents without leakages.

Imagine navigating the minefield of ever changing world of inflation, deflation, negative interest rates, financial crisis and having action plan all along the way to protect existing assets and seek out new areas of growth. 

And all along the way a constant reminder of where we are and small tweaks to make to make sure we arrive at where we want to be.

We do not need to worry that we do not have enough to spend. We do not need to worry that our money will run out. We do not need to worry that we may need to sell the house. We do not need to worry that our money is all tied up in illiquid property. We do not need to worry that we are taking excessive risks. We do not need to worry that we do not understand our investments. We do not need to worry about cheaters after our hard earn money. We do not need to worry that our dependent do not have guides for them to manage their finances without us around. We do not need to worry about the future. We do not need to worry that we do not have a plan.

So what are your financial goals? Is it that difficult to dream?

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