With summer in full swing, many of us may be trying to kickstart our fitness goals or get back on track after a year of wearing sweatpants. Whether you are trying to get in an early morning run, or set a new PR on the Peleton, there are many parallels when it comes to setting both fitness and financial goals.
They say just changing into workout gear is half the battle when it comes to getting that session in. The same can be said for your finances. Whether you are gearing up to draft a household budget or organize and consolidate your investment portfolio, you need to start somewhere. Setting aside time to take a look at your monthly cash inflows and outflows is a good place to start and may provide insight into future savings abilities.
Set Realistic Goals
Not everyone is able to go from running a 5K to a marathon over the course of a couple of months. If you have never contributed to an employer’s retirement plan, it may not be feasible to max out the deferral limits this year. Setting realistic goals, short and long term, is a key part is measuring and achieving success.
Steady The Course
The key to any successful change is to stick with it and set a sustainable pace. Improvements in both financial and fitness-related goals take time, and it is important to not burn out.
Celebrate Your Wins!
Whether you finally reached a new Peleton PR, or you have completed the refinance process on your mortgage, take time to celebrate your wins and reward yourself. Hitting your goals takes work, so be proud of your accomplishments!
We all know change takes time, and sometimes it is not the most comfortable thing to do. Strategic can help you define your goals and partner with you as you reach milestones and achieve success along the way.
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