• Understand your current financial situation
• Set SMART goals for the short and long term
• Develop a plan to achieve those goals

Understand Your Current Financial Situation

Before setting a financial goal, it’s important to have a clear understanding of your current financial situation, including income, debt, expenses and assets. Once you have a clear understanding of your current financial situation, you can start setting financial goals that align with your values and priorities.

Set SMART Goals

Set both short- and long-term financial goals as your first step. Your objectives should be specific, measurable, achievable, relevant and time-bound (SMART). One’s short-term objectives might be, for instance, saving $500 for an emergency fund or paying off $1,000 in credit card debt within the next six months, while their long-term objectives might be setting aside $10,000 for a down payment on a home or investing $100,000 for retirement within the following 10 years. Similarly in crypto terms one’s short-term objectives might be buying Bitcoin BTC or Ethereum ETH within three months whereas their long-term objectives might be holding these cryptocurrency for an extended period of time.

Develop a Plan

Create a strategy to achieve your goals after you’ve defined them. This strategy should outline the precise steps you’ll take to accomplish your objectives. For example; researching and choosing an appropriate crypto exchange , setting up a crypto wallet , monitoring prices etc..

Take Action & Reevaluate

Once you have set SMART goals and developed a plan to achieve them it is important to take action towards achieving those goals. It is also important to reevaluate progress in order to determine if any adjustments need to be made along the way or if any new strategies need implementation in order to reach desired outcomes.

Perseverance is Key

It may seem simple but only focused minds with perseverance will get it done when striving towards successful achievement of financial goals!