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Kicking goals | The important step you're missing to achieve financial freedom

Posted by Neal Durling on 18 September 2018
Kicking goals | The important step you're missing to achieve financial freedom

Getting on top of your finances and working to build your personal wealth is an important step required in creating a business and life you love.

Often though, we set our sights too short and don't take the time to create a plan for what we want to achieve in our lives overall, which is a recipe for unfulfillment down the track.

When it comes to achieving financial freedom and contentment, there's an important step that often gets missed but that is crucial to setting yourself up for success and happiness in the long run.

Ready, set, GOAL

So, you're earning some money. You might even be saving some! But, while it's great to feel the accomplishment that comes with taking your finances to the next level, the most important component in planning for the future is setting some personal goals.

Having concrete goals that you're working towards is critical because it allows you to focus not just on the generation of wealth, but also on what that money is going to get you and how it will contribute to making your life better.

What does success look like?

It's important to establish clear goals that you want to achieve so that you can track your progress and celebrate your successes along the way, and the first step in this process is establishing what success actually looks like for you, over the course of your life.

This means taking a step back and thinking about your personal and family values and identifying what's really important to you in life. This might sound a bit philosophical, but unless you truly understand what makes you tick and the type of experiences you want to make your life enjoyable, you're well and truly putting the cart before the horse.

Help is at hand

Often, identifying and articulating these values can be tricky to do on your own, and it can be hard to pin down the specific goals and milestones that are going to make you happy throughout your life.

Meeting with an experienced financial adviser can often help in this regard, and should create the space for reflection; helping to steer your discovery of these values through thoughtful, exploratory questions and a lot of listening.  It often takes an objective opinion to help weed out the top, big-picture goals that are really going to make a difference in your life, so speaking with an expert who can support you in getting there makes sense.

It's important to take this big-picture view, because it can be easy to get hung up on short-term goals, which, while still important, change often and generally only offer temporary satisfaction - think, a new car, expensive holiday or that big house you're eyeing. These are all worthy short-term goals, but it's important to assess these through a big-picture lense to ensure they're helping you achieve the overall life you're envisioning.

Having these specific long-term goals nailed down, means that you have the building blocks for your life that, when achieved, will go a long way toward making you happy and fulfilled.


It's important to note that goal-setting is not a one and done exercise. No matter how much time we take "getting them right", it's inevitable that our values, and what we view as important, will change over time. This just means regular reviews of your goals are necessary to ensure what we're aiming for is still in line with what's going to make us the most happy.

If you need support getting in control of your money, we're here to help. Like most people need a personal trainer to get fit and stay fit, the same can be said about finance, so it's worth investing in professionals to help you get on track and stay there.

Get in touch today!

Author: Neal Durling
Tags: Financial planning

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The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

The financial planning services are provided by Medical Financial Pty Ltd trading as Medical Financial Planning (AFSL 506557)