370 | Timeline Your Goals | Stacked with Joe Saul-Sehy

Values Alignment

Aligning financial goals with personal values is crucial for long-term success, as emphasized by Joe Saul-Sehy. He suggests that many people set goals like retirement or college savings reflexively, without considering what truly matters to them 1. Instead, Joe advocates for a deeper exploration of personal desires, akin to a "royal rumble" of goal setting, where goals compete for priority based on their alignment with one's core values 2.

It's that our money is going one way and our values are going a whole different way.

--- Joe Saul-Sehy

This approach not only ensures that goals are meaningful but also increases the likelihood of achieving them, as individuals are more motivated to pursue objectives that resonate with their values 3.

   

Milestones & Tracking

Setting milestones and tracking progress are essential components of effective financial planning. Joe Saul-Sehy explains that once you determine the necessary rate of return for your goals, you can establish benchmarks to assess your progress 4. This method allows for flexibility, enabling adjustments if you're ahead or behind schedule, and provides options to either accelerate or reassess your goals.

Focus on where do I need to be a year from now?

--- Joe Saul-Sehy

Additionally, Jonathan Mendosa highlights the importance of budgeting and tracking, using the analogy of the Oregon Trail to illustrate the need for planning and foresight in financial management 5.