Getting Started Building Wealth

When it comes to financial success, very few of us have been taught the necessary skills to start developing wealth.  Our experiences and knowledge are typically confined to the lessons that have been passed down from our parents or learned in school.  Money is something that often goes undiscussed.  We welcome conversations on how best to get started planning and investing.

The keys to financial success often require new strategies and the breaking of habits.  Good financial advice alone can not fix the problem, it takes actions and financial discipline.  Understanding the needs of today can help achieve the wants of tomorrow.  It is the goal of Foresight Financial Managment to provide you with the tools and resources to help you achieve your financial goals, and to be your partner as you achieve those goals and create new ones.

Action Steps

Step 1 – Discover Your Current Financial Situation

• To get started you need to understand your current financial situation.  There are an endless number of tools to help you develop a budget and understand your financial situation.  The most important thing is finding the one that works best for you.  If you are not currently doing so, finding something that is simple and easy to use may be the key to long term success.

Step 2 – Set Goals

• Create a range of realistic goals and set a timeline to achieve those goals.  When setting goals, you want to make sure you set yourself up to succeed in reaching them to sustain long-term success.  Create goals that you can hold yourself accountable to hit.

Step 3 – Develop a Strategy

• Coming up with a plan is so important when setting up goals.  Creating a goal and hoping for it to happen will not generate high rates of success.  It is imperative to develop a strategy that will help you reach your goals.

Step 4 – Commit and Get Started Today

• Commitment and getting started is the most important part to achieving any goal.  It is extremely common for people to set goals but delay the start time.  Once you have the first three steps it is time to start taking action to ensure you achieve those goals and no let the excuses of life get in the way.