3 financial targets should be included in the 2022 plan
2021 is over, so how do you see your financial achievements over the past 12 months? And how do you measure your financial progress during it? As we hope for more and more abundant and financial development in the coming years, we will present you with easy ideas today to review and evaluate your financial career over the past year.
A clear set of ideas that measure your financial successes and failures, which will give you a more mature view of your financial objectives, thus helping you set your financial trajectory on the best options for the new year 2022.
Did you achieve financial targets last year?
The financial objectives you choose for yourself with full care, and keep in mind, will be the precise compass that leads you to the right direction to take, the more you take steps in the same direction as your goals this is an explicit indication that you are making the required progress, and that you deserve congratulations in advance, you are on your way to broad financial independence.
It is really unfortunate that many people do not have real financial objectives, and does not have a clear vision about their financial future, so they will not get more than life donates to them in a semi-random way!!
Financial targets should be included in the 2022 plan
Now that you're starting a new year, you have to review your financial goals, reconsider their strength and feasibility, and measure how far you've come, ask yourself: What acceptable steps have you taken to achieve your financial goals? This is why you put yourself back on track and refresh your financial plan with a new spirit of enthusiasm:1. Raising the level of income
One of the main financial objectives of any financial plan is to raise the level of income, possibly through overtime, of any kind, or by contributing to the financing of a project, or through investment, i.e. by purchasing an income-generating financial asset, the latter option is the most intelligent.
What about you?! Have you achieved any acceptable additional income over the past few months?
2. Increase savings
No matter how excellent your income is, without saving you will not be able to control your financial situation, and you will not be able to grow your money, as saving 10% to 20% is not unusual, but it is an excellent plant for the natural progress in the financial development line, which we talked about in the last issue.
If your savings are 10 times your monthly income, you are in an acceptable position, but if they are worth more than 20 times your monthly income, we congratulate you on your financial success in advance because by investing this amount you can earn more new income than your current income.
It is a real indicator if your savings have recorded consistent periodic growth over the past months, you are in the right direction, otherwise, you should reconsider your financial plan and approve a reasonable percentage of your periodic savings income.
3. Buy assets
Financial assets are chickens that bleach gold!! It is the secret that explains the huge balances that flood the accounts of the rich! Have you bought one in the last few months?
A financial asset is everything that can be purchased to generate additional income or anything that can be purchased to sell it at a higher price, it is simply an investment.
Real estate, financial assets may be one of the best options, such as buying a house to rent it or buying land to sell it at a higher price, but the options available are much wider, there are expensive options with high financial return, there are options close to the reach of the average person because of its modest price, there are assets that carry little risk, and the financial intermediary can guide you to the best solutions suitable for you, especially as you Oman is witnessing structural development Large projects will provide more and more excellent investment opportunities
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Buying assets is a reliable source of your money development, a tried-and-tested way to reach any financial level you aspire to, and you can view the financial asset as a money factory because it will produce a lot of it for you.
The end is another face to the beginning.
Endings are always new beginnings, don't regret what's gone on, entering a new year comes at the end of a year, start today to take care of your financial future, draw a clear picture of what you want to achieve in the new year 2022.
