Americans love debt. According to this study, the average American carries more than $38,000 in personal debt in 2018 on top of their home mortgage if they have one. This is $1,000 higher than last year. If you are in debt, you are not in control of your money. Borrowing money to buy something you cannot afford on your own means you are spending money you don’t have. If you want financial freedom you need to reduce the amount of money you owe to other people.
Goal setting is not a set it and forget it process. You have to continually put in the effort to achieve your goals, month after month and day after day. There are times, however, when your goals get put on the back burner. Life has a funny way of derailing our best laid plans. Knowing what to do when this happens is key because it is inevitable. Below are seven steps that will show you exactly how to get back on track with your goals after life throws you a curveball.
One of the top three answers I get when I ask people what keeps them from achieving their goals is money. Some are stuck in a job they hate, but they are too scared to give up that source of income to do what they really love. Others feel they need more money than they have to live the life they want to live. So, let’s talk about some of the ways you can manage your money well to ensure that you don’t start using that as an excuse to not create a life you love.