There are no goals that are more important than financial goals. They can be set at any time of life but the best time to set them is when you are young. This gives you a long enough horizon to achieve them.

Your first aim should be to set short-term goals. These should focus on the money you need to save every month, and the financial instruments in which you need to invest this money. You should also define the credit card spends so that your debts do not go out of hand.

Your long term goals should include the kind of wealth that you plan to generate over the next ten years or so. You must write out the methods by which you plan to do so. This will keep your goals realistic, and achievable. Maybe, you can even consult a financial expert to help your plan your long-term expenditure and savings.

Also remember that no one can work indefinitely. There comes a time in every man's life when he becomes too old to work. There must be a financial plan for such a stage in your life. This should take into account leakages like tax payments and inflation.

If you want to be successful then your goals must be specific. You can't say that your goal is to be rich. It is much better to say that I want to be able to spend $5,000 on travel every three years. The latter gives an idea of how much you need to earn during the course of three years to generate this kind of disposable income.

After that you have to prioritize your expenditures. You will have to divert a part of income into your travel kitty. You can't hope the travel bank to become full on it own. There has to be some sacrifice, and some discipline to achieve the goal.

So get out a pen and paper and start listing your goals. You will feel better right away!

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