I like goals. They keep me going and motivate me. I don’t always reach my goal, I fail, get up and try again, or give up for another goal. Money wise, I love to make projections. See where I will be in a year, and a year later, compare that to where I actually am.
A goal, with a deadline, will keep you motivated. For some, it is to retire by 40, 45 or 50. For others, it is to have a million dollars in the bank.
My goal is to reach a point where my passive income can cover my living expenses. I think I can obtain that result before I turn 35. yes, that is 3 years from now. I started early. I saved a lot, invested and lived a simple life. All that combined helped me get closer to my goal.
I would still be working a bit, but not ever step foot in an office unless I really want to.
I find talking publicly about my goals to be a very good way to feel accountable. Later on people will ask how you are doing with X or Y.
I also like to cut my goal into mini goals. Say you are paying off debt. Have a goal of $100. For every $100 you repay, tick a box, or celebrate with your friends. It will feel less daunting than getting rid of $3000 of debt! Just 30 baby steps of $100!
Review your goals once every year, or semester. How are you doing? Going ahead, behind? Do not give up, but define a new, lower goal if necessary. Or a higher one!