8 Healthy Wealthy Tips for Big Financial Goals

The journey to $1 million in net worth start with $1. Pick a day, any day to set a Big Financial Goal and start taking action to achieve that goal. The start of the new year tends to be full of resolutions. If you already broke your new year's resolution, get started during Chinese New Year in February. Or the astrological new year in March (with fiery Aries season).

Regardless of when, action is what build wealth. And when we have a goal, or purpose, we take more intentional actions and make things happen.

1 - My favorite goals stat.

The Association for Talent Development found that individuals have the following probabilities of completing a goal by taking these actions:

Having an idea or goal:
10% likely to complete the goal
Consciously deciding that you will do it: 25%
Deciding when you will do it: 40%
Planning how to do it: 50%
Committing to someone that you will do it: 65%
Having a specific accountability appointment with someone you’ve committed to: 95%

What kind of goal would you set if you had a 95% chance of achieving it?

This statistic is why we created the Pledgettes Accountability League (PAL). It’s our 12-week accountability program to support you finding financial clarity and confidently taking action.

2 - You have permission to dream big!

My favorite Big Financial Goals I hear are big and specific. Climbing Mount Kilimanjaro, living abroad, turning the side hustle into a business. These goals become a reality when we get clear. We can make confident money choices when we have financial clarity on our Big Financial Goals.

So what is something you want to spend money on in your life? Grab a blank piece of paper, set a timer for 5 minutes, and write out all the ways you want to use your money. What do you want to spend your money on? Who do you want to give it to? What do you want to invest in?

When the timer goes off, circle the most exciting one. And write a financial goal around it.

3 - Financial Success is often a feeling.

I’ll often hear the goal, “When I have enough, I’ll invest more.” I encourage you to replace “enough” and “more” with numbers and that is a great goal to get you going.

Here is a madlib for your Big Financial Goal.

By <date>, I am financially <stable, independent, free, secure, confident> meaning that <define that financial state>.   <Include a financial number in your financial state. It could be what you are earning, investing, saving. It could be your net worth or debt balance>.

It becomes clear when you can define what that state or feeling means to you.

4 - Start pulling levers.

There are many levers you can pull when you have clear Big Financial Goals. My husband believes “money comes to me when I have a purpose for it.” I have seen that be true for him.

When you are clear on your Big Financial Goals, it’s simpler (not always easier) to make more Values-Aligned Spending choices. You can check out our digital workbook to work through it.

The two big types of levers probably won’t come as a surprise. You can earn more and spend less. Both of those types of levers will afford you more money to go towards achieving your Big Financial Goal. One Pledgettes is dogsitting on Rover with all of that money going to paying off her debt so that she feels more Financially Free.

I have found when I was more purposeful about my slo-mad travel goals, I was spending at Target and on random decor that didn’t fit into the Airstream lifestyle I was building.

5 - Increase your Financial Knowledge

Nobody is born with financial literacy. Those who have it set the goal and took action. You can too!

It may feeling overwhelming at first when a bunch of jargon is being tossed around but identify your favorite way to learn and get to it. If you are looking for some resources, send me a message (at the bottom of this page) and I would be happy to share some I have found.

6 - Your Goal is For You

Release the “shoulds” and give yourself the freedom to create a goal that is meaningful and unique to the life you want.

As I look back at some of the Big Financial Goals I have achieved: my sabbatical in Peru, living in an Airstream, buying a business, starting a business, hitting my FI/RE number, people had opinions. People would be curious but then say, “Well, I never could do that.” And in my head, I would reply, “I didn’t ask you to!” ;) Sometimes those closest to me didn’t understand my goals but I’m grateful I wasn’t discouraged by then and worked towards my unique goals anyway.

7 - My favorite number to Track

I’m a big fan of tracking Net Worth. It encourages me to move more money to investments.

8 - Build Your Financial A-Team

Think about any of the big, great things you have done in your life. You didn’t do them all alone; so why are you trying to figure out your money by yourself?

Build yourself your Financial A-Team with Specialists, Connectors, Mentors/Mentees, Financial Friends and Diverse Thinkers. The Pledgettes is your financial companion for confident money choices. Let us help you!

Jenn Uhen, Founder of The Pledgettes, is a Certified Financial Education Instructor. Jenn works with clients on financial clarity and financial confidence to enjoy their financial journey.