Does Planning your Financial Goals Make Better Outcomes?
Yes, those people who create their own financial blueprints – including budgets, big goals for the future, and spending plans/prioritising – are better off financially than those who do not. For proof, you can read the stories of a New Zealand blue-printer here and an American blue-printer (Mr Money Mustache) here. I guess we like the words financial blueprint because it reminds us that we can be the architect of our own financial life. And we can! Why Write Goals? It pays to write goals down because it lets you re-visit them. Sharing your goals with loved ones or a coach also makes them more likely to happen. This is due to the power of our need to be consistent with what we said (the principle of consistency). Brian Tracy often said in his books that millionaires take a long…
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