Imagine acquiring all that you want in life. Do you know what it is you actually want? Knowing what you want is the first step, so put time aside to think about the things that you want. Some of these things may not need financial assistance, even so be creative and don’t be afraid of dreaming big. Writing down these dreams and discussing them with your spouse or partner is also very important, as shared dreams can give the relationship powerful focus and a mismatch of dreams can provide a basis for a useful compromise.
INSPIRE CAN TURN THOSE DREAMS INTO REALISTIC GOALS
We would like to encourage you to first dream about the large objectives you would like to achieve like a new home, a second home, starting a business you can set a minimum monetary amount of £50k. Then move onto smaller objectives like the kind of car you want to drive, a dream holiday, a children’s university fund or an ideal retirement pot. Once you and your spouse have agreed on your goals, the next step is to determine a good estimate for how much money you’ll need for each of them and when you want them to happen. Figuring out an accurate amount involves discussion about the financial goals and agreeing when you would like these to happen. Try and prioritise each of your personal goals in order of importance, and then determine how long you have to save for each of them. Retirement could be many years away, but your short-term goals could be in a year or two.