Kickstart 2024 with clear financial goals

Published on: January 8th, 2024

As we usher in the new year, many of us are thinking about our goals for 2024, keen to ensure we’re moving in the right direction.

To start the year off right, we’ve outlined some steps you can take to effectively plan your financial goals and arrive at your desired financial destination.

Reflect on the past

Before defining your financial goals for 2024, it’s crucial to reflect on the past year. Did you meet your financial goals in 2023? If not, identify the barriers that stood in your way. Incorporating these lessons learned into your future planning can prove invaluable, helping to ensure past mistakes are not repeated.

Define targeted goals

Your financial goals should be specific, measurable, achievable, relevant and time-bound (SMART). Whether you are saving for your first home, looking to grow your investment portfolio or preparing for retirement, setting targeted goals can provide a clear roadmap for your financial future.

Break down and write down your goals

Larger financial goals can seem overwhelming. A helpful strategy can be to break them down into smaller, more manageable milestones. Defining these steps can build momentum towards completing your overarching objective.

Research shows that the simple act of writing your goals down increases your likelihood of success.

Plan for life’s unexpected events

Unforeseen circumstances, like job loss or health issues, can derail your financial plans. As part of your goal setting, consider strategies to mitigate these risks – such as income protection insurance or an emergency fund to safeguard your financial well-being.

Consult your adviser

Your Apt adviser can add significant value to your goal-setting process. They can provide guidance on how to maximise your super for a comfortable retirement, navigate tax laws upon receiving an inheritance or simplify the complexity of self-managed superannuation. In essence, paving the way for sound financial decision-making.

And importantly, your adviser can help you understand the bigger picture and ensure you are making the best decisions for today and in the long term.

Not with Apt Wealth yet? Book a free consultation with one of our experienced financial advisers to start living your best life in 2024.


General Advice warning

The information provided in this blog does not constitute financial product advice. The information is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. Apt Wealth Partners (AFSL and ACL 436121 ABN 49 159 583 847) and Apt Wealth Home Loans (powered by Smartline ACL 385325) recommends that you obtain professional advice before making any decision in relation to your particular requirements or circumstances.