To Bring Your Financial Goals to Life, Get Strategic

Our last blog focused on suggesting that clients examine whether their priorities and goals need a reset at this point of the year. This can be challenging and emotional work, but when it comes to setting and achieving goals, the accomplished marathoner Juma Ikangaa says it best: “The will to win means nothing without the will to prepare.”

We at The Humphreys Group believe in preparation; we provide clients with specific steps for reaching their goals and gaining a clearer understanding of how their financial strategy can help them do so:

  • Provide a brief description of/reason for each goal. Some suggestions include: “increase current financial security,” “build retirement savings,” “strengthen family ties,” “bolster emergency funds” “pay off debt,” “afford travel,” “fund education/personal development,” etc.
  • Assess how much time, energy and any other additional resources (such as education/training) are required to reach each goal.
  • Estimate the amount of financial earnings, savings and/or investment required to achieve each goal. Begin with a “guesstimate.” We advise that these numbers can always be refined as clients gain more information and work with their advisor to understand what it will take financially to meet their goals.
  • Assign a priority status of “A,” “B” or “C” to each goal and determine the length of time you want to commit to reaching each goal. Having a sense of how important the goal is and how long it may take to achieve can help prevent feeling overwhelmed or under pressure to reach each goal. Suggested timeline categories include: Immediate Goals and Priorities; Short-Term to Mid-Term Goals and Priorities (1 to 5 Years); and Long-Term Goals and Priorities (5 Years or Longer)
  • Consider that priorities may shift. Remember, it’s okay to press “reset” from time to time!

At The Humphreys Group, we believe that priorities and financial goals can give shape to actions, and help provide long-term calm and security in our clients’ lives. We help clients prepare for success by reviewing what meeting their goals will cost in terms of their time, attention, energy and money. Contact us today to learn how you can give life to your goals with a well-prepared financial strategy.

Diane Bourdo, CFP®
Diane Bourdo, CFP®

Diane Bourdo is the President of The Humphreys Group. Diane has dedicated her life’s work to helping women make smart financial decisions. For nearly 30 years, she has developed investment management and financial planning strategies that allow her clients to create lives that reflect their values. Diane was named an InvestmentNews 2020 Women to Watch and has been recognized in Forbes, SF Chronicle, NY Times and more for her work and writing.

Diane Bourdo, CFP®
Diane Bourdo, CFP®

Diane Bourdo is the President of The Humphreys Group. Diane has dedicated her life’s work to helping women make smart financial decisions. For nearly 30 years, she has developed investment management and financial planning strategies that allow her clients to create lives that reflect their values. Diane was named an InvestmentNews 2020 Women to Watch and has been recognized in Forbes, SF Chronicle, NY Times and more for her work and writing.

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