016: How to figure out financial priorities-Part 2

016: How to figure out financial priorities-Part 2

In previous episode we identified our goals and made a list by writing them down. Here is what we do next:

Step #3: Set priorities

So, you now have a list of your goals how do you decide which goal you should focus on first? It’s not easy. I know. We, as human beings want instant gratification and our goals constantly collide with one another.

Rank your list in order of importance based on time horizon. 

If you are struggling to prioritize the importance, ask yourself:

  a. Which goal will cause more harm if deferred to a later time?

  b. Which goal will benefit more people around you?

However, I still think you should be able to focus on several goals at a time. You’ll have to, because time is what we don’t want to loose as you only focus on one priority.

 
Anna Sergunina
anna@adviceonly.net

I passionately believe that in order to live a life of fulfillment and joy, we must genuinely serve each other in any way possible. I found my mission in life to serve others via financial planning. Anna regularly writes about personal finance. Her work appears on Business Insider, Nasdaq, Nerdwallet, among others. Anna is the creator of Money Flow system.

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