#TiburcioTipidTips : The Minimalist Guide to Setting Your Personal Financial Goals

personal finance, personal financial goals, financial goals, goal setting

The secret: write them down!

Where are you?

After getting acquainted with your personal net worth, how your cash flows, and building up your safety fund, you now have concrete evidence as to where you are financially.

If you haven’t started yet, then I suggest you check out how to take charge of your personal finances today.

That is an essential step before you set your personal finance goals.

As cliché as it may sound, in life, you must know where you are first before going to where you want to be.

And in personal finance, where you want to be are the financial goals that you want to achieve.

Where are you going?

When you decide to travel, you don’t just get in a taxi or drive your car without knowing your destination right?

Of course not!

You should figure out how to efficiently arrive at your destination by determining what mode of transportation to use, a car, a cab, a jeepney, a ship or an airplane.

Aside from your mode of transportation, you should also know exactly where you are going.

So here’s a question, do you really know what your destination is, in terms of your personal finances?

If you do know your destination, how do you plan to get there?

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Your Personal Financial Goals

So what are some common financial goals or financial objectives?

Of course, there are many different goals that you might have but listed here are some of the most common major financial goals:

  • Buying your dream home
  • Paying off your debts
  • Saving for your children’s college education
  • Getting Life Insurance
  • Setting money aside for retirement
  • Getting Health and Disability Insurance
  • Being financially free
  • Wealth distribution and conservation

Of course, this is not an exhaustive list and you can share some of your major financial goals by leaving a comment at the bottom of this page.

So know the question is how do you make these happen?

There are a lot of free goal setting techniques that you can use just by searching from Google.

But for me, the very minimum and very effective way to get you started is by writing your goals down.

Goals that are not written down are just wishes. -Fitzhugh Dodson

Make it a habit of writing your goals down so that you can be really specific.

For example, you want to buy your dream home…

Where exactly do you want to build your dream home? Beside a beach? Which beach?

How many stories does it have? Two? Three?

How many rooms are there? Four? Five?

Is there a garage? How many vehicles can your garage accommodate?

Where is it facing? East? West?

What color should it be in? White? Blue?

Another example would be your retirement goal:

At what age do you want to retire? 40? 60?

How much money do you need each month after retirement? 80,000 Philippine Pesos? 2,000 US Dollars?

Where will you be staying? At home? Travelling from time to time?

What will you be doing? Finishing your bucket list? Doing volunteer work?

Now you can clearly see that having to write down specific goals bring a lot of questions that you might have not even asked yourself when your goals are just in your mind.

Aside from writing down your goals, you should also determine the priority of your goals.

Because not all people have huge amounts of cash flow surplus that they can invest month in and month out.

So, begin identifying and writing down your financial goals so that you can be another step closer to mastering your personal finances!


To our success in all areas of life,

Argel Tiburcio, CIS, RFP Graduate Member
I’m on Facebookhttp://fb.com/ArgelTiburcio

Image Source: https://blog.nsbank.com/wp-content/uploads/Defining-and-Setting-Goals-for-a-Good-Financial-Life-Small-1024×682.jpg

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When he is not busy watching "The Office", lounging at the beach, or playing 1st person shooting games, Argel consistently invests in the stock market, both local and global. He loves learning through books, training, seminars, and workshops. He also helps Pinoys create, manage, grow, and protect their wealth as a globally-certified Professional Financial Advisor. Get in touch with him by sending an email to contact[at]argeltiburcio.com