![]() This means that they should be small, but definite, steps toward your desired end result. Short-term goals can be anything you want them to be, but they should be supporting your big goals.These goals guide you toward your ultimate goal. Start with setting a goal to research how much houses in your area costs, a goal to decrease expenses, establish a way to create more passive income, and a goal to meet with a realtor so that you can start planning for buying your new home. Set short-term goals for each quarter, for example. These will be actionable tasks that you can start doing now. These are goals that you can achieve more readily. These will keep you moving forward, ensuring that you’re always working toward your long-term goals and aspirations. Medium term goals should also have specific time frames in mind ![]() For example, if your goal is to buy a house, let a medium-term goal be to save 15% of the house deposit, since this is a reasonable goal between where you stand now and the ultimate goal you hope to achieve. Let these act as large stepping-stones to help you achieve your goals. Try to give your goals a time frame, such as buying a home in three years or graduating from college with a Ph.D. Long-term goals should be obtainable within a set number of years My long-term goal is to buy a new house with a 15% down payment by. Your long-term goals are the foundation for goal setting as they define where you want to be in the future. It’s okay to dream big with your goals but be realistic about accomplishing them. What do you want to achieve in the next few years? These are broad goals that will take some time to achieve, like buying a home, graduating from college, or starting your own business. Use this step-by-step goal setting strategy to break down your goals and make them achievable: Set your long-term goals first
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