Lately I’ve been contemplating putting exact numbers on your goals.

Part of me definitely sees the value of defining your goals and setting specific time frames and parameters in place. Otherwise you would be working towards a vague goal; you wouldn’t even know when you reached it.

At the same time, I also consider that while we stretch ourselves to reach those goals, we are also limiting ourselves in a sense. By telling yourself, and the world, that you are capable of only so much – you thereby limit yourself.

While I don’t have any analytical data on it, it seems very common that one peeks as they reach their goal. This means that while a goal might challenge you, it also puts a mental cap on what is possible.

So I’ve been thinking about how best it is set your intentions towards a specific goal, while still being open to going beyond that. I suppose part of it is just how you frame the goal, and how you talk to yourself about it.

I still haven’t figured this out myself. If readers out there have any ideas on how they’ve worked around this I’d love to hear from you!

Best,

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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