Perhaps you’ve heard the phrase “If you aim at nothing, you’ll hit it every time.”

It’s a reminder that focus is important when setting a goal or you’ll never achieve anything significant.

That’s especially true when it comes to Your Finances.

You need a goal.

You need to know your numbers.

But that’s just part of the formula for success.

It’s just as important to focus on the actions that will get you to that number.

You can’t move forward until you know what you can control (or can’t control) when it comes to achieving your financial goal.

Things You Can’t Control

Some elements are beyond your control.

You can’t predict, change or influence them.

Trying to alter them will only leave you frustrated:

1.The Market

As much as we’d like, none of us can control how the stock market performs.

That may cause some anxiety for people who forget one important thing: in the long haul, the stock market goes up.

Your stocks will make money if you’re patient and don’t panic.

2. Inflation

Inflation is the increase in prices. That’s why cars cost more than they did in 2000.

And things will cost more in the future than they do now.

That’s why you need to be investing at a rate that’s higher than inflation.

Your money won’t be worth as much in the future, so you’ll need more of it.

Things You Control

Despite the factors you can’t control, there’s still a lot you can control.

The goal is to focus on those things and make sure you’re doing

These are the things to pay attention to:

1. Saving Amounts

How much you put away for is entirely in your control.

You can decide to put away 5% a month or 35% a month!

If you want to make real progress in saving for your dream, you’ll need to make some sacrifices to get there.

You can’t save a small percentage of your income now and expect a great retirement later.

2. Your Spending

Listen up: Too many people blow their money on fancy coffee and expensive clothes when they should be putting that money away for retirement!

3. When You Start Saving

Sometimes people tell me they’ll plan for the future later after they turn 30, after they get married, after they pay for kids’ education, after the economy recovers.

When you wait, you lose precious time.

And time is money when compound interest is in the picture!
Save early and keep saving.

4. Your Portfolio

You get to decide what you invest in.

I always recommend Exchange Traded funds because they minimize some of the risk if one market segment (like overseas markets or small cap funds) isn’t doing well.