This is a sponsored post by CowryWise. CowryWise is a FinTech company democratizing access to premium financial services by making these services available to the mass market cheaply. You can learn more here

There is a difference between just stashing money to attract returns and actually having financial goals.

Usually, the first investment step is to take is analyze the returns which would accrue to your investments — without any goals attached.

To be fair, that isn’t a bad way to start out but it is definitely not a sustainable way to keep the journey going.  So how do you make your journey a sustainable one?

There are three simple things one must consider to make the journey feel like the best experience you’ve ever had:

Define Your Goals

If goals are not properly defined with targets you might find yourself getting bored and walking off the investment path in no time. But with a target tied to it, the sail can be smoother. This is why we encourage everyone to name their plans and set targets.

Reasonable Timelines

With targets set, one must be able to determine how long it would take to achieve those goals based on presently available resources and make fairly stable projections based on that.

Apparently, this helps make the goals more realistic; a goal can be stressful given the absence of a reasonable timeline and contribution plan, resulting in frustration of your fired-up drive that you started with.

Separate and Track Goals

You should be able to track these goals separately without stress.

Having all your savings and investments jumbled up into one plan can mess up your tracking plans, making you lose focus easily with poor rates of achievement as the endpoint.

Being able to watch your goals buildup separately can help with clarity which is key to understanding where you stand with your various goals.

This is a sponsored post by CowryWise. CowryWise is a FinTech company democratizing access to premium financial services by making these services available to the mass market cheaply. You can learn more here

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