Good Morning
Congrats, Guys!
We made it to 2024.
Thank you for making 2023 a remarkable year for us. Each time you provided feedback on how our newsletter was helpful, it served as a driving force for us throughout the year.
Now, can we have a quick chat about something some of us have already crafted and others are still putting together?
You know, those things we often scribble down at the start of the year, only to forget about them a few weeks later. Yeah, those goals. In 2024, let’s decide to stop setting goals in the same old manner. Instead, let’s shake things up a bit and set our sights on achieving results in a whole new way.
What’s my point exactly?
- Savings for a Goal: For instance, goals like “I want to save N5,000,000 this year” or “I want to pay off my mortgage loans by the end of the year” should be ditched. While these goals may sound good in theory, they often lack the specificity and strategy needed to actually achieve them.
Instead, let’s start setting goals that are more actionable and realistic. For example, instead of just saying, “I want to save N5,000,000 by the end of this year,” break it down to a monthly target, say, N416,667, that’s achievable for the next 12 months. By setting these smaller, more achievable targets, you’re more likely to stay motivated and reach your ultimate goal.
Before I go ahead, do you know you could get access to our free goal-setting webinar when you subscribe to any of our plans, either community or premium plan. Send a mail to sales@themoneyafrica.com or follow us on IG: @moneyafrica
- Paying Off Debt. When it comes to paying off debt, instead of just setting a lofty goal to pay off the entire balance by the end of the year, try creating a step-by-step plan. Set a goal to pay off a certain percentage of the debt each month, or focus on paying off the highest-interest debt first. Breaking it down into smaller, actionable steps can make the process feel less overwhelming and attainable.
- Value Alignment: Another important aspect of setting financial goals is ensuring they align with your values and priorities. It’s not just about hitting arbitrary numbers; it’s about using your money to create the life you want. So, take some time to think about what really matters to you and how your financial goals can help you achieve those things.
Ultimately, setting financial goals shouldn’t just be about dreaming big and hoping for the best. It’s about creating a plan and taking intentional steps to make those dreams a reality. So, let’s ditch the vague, unrealistic goals and start setting ourselves up for success in a way that’s practical and effective.
Here’s to a year of setting result-oriented, smart and strategic financial goals!
***
Would you like to know the state of your finances?
Take this test to see how you are doing financially
***
Do you know that we have our own podcast? It’s MONEYTALKS!💚
Here’s a link to listen to all the amazing episodes we have!
***
Thank you for reading Money Africa’s Blog.
Please feel free to share it.
Do you have any questions? You can send an e-mail to info@themoneyafrica.com or send a DM to any of our social media channels.
***
MoneyAfrica premium plan
Are you a mid to high-income earner? Do you find communities a bit too busy? You should sign up for our premium plan.
You can learn more about that here.
***
We often get questions regarding how to plan your finances to align with your relocation plans, especially for students seeking to further their studies. As always, we have heard you, and we have put together an e-book to help you navigate this. Follow this link, to get your FREE copy of the e-book: The Japa Encyclopedia.
***
Get our annual subscription and learn more about investing safely and building a solid portfolio in 2023.
Don’t forget to:
- Join our community, if you want to smash your 2024 financial goals. It takes at least 30 days to build great habits that will last you a lifetime. So why not start now? There is a lot you can achieve.
- If you would like to document your financial journey in 2024, then our journal would be an excellent fit for you. It costs ₦7,500 (excluding delivery).
- Get a budget sheet to track your monthly expenses. Click here
- Get an investment tracker to be on top of all your investments. Click here
MoneyAfrica is a financial literacy platform. Our goal is to make everyone better with their finances.
We do this by engagements via our:
– social media handles
– platforms for paid community members (for adults and students)
– webinar sessions with corporate clients
Would you like to join any of the communities? Please click here
Would you like us to hold a webinar for your company’s staff? Please send an email to info@themoneyafrica.com
