Why set a financial goal is important? + LPUD

Finance is the thing which plays a very important role in everyone's life. Some people think that it's not necessary to set a financial goal because without making any financial goal it's possible to go ahead. In the past many people have lead their life without having any financial goals. I am also saying that it's not impossible to know forwarding life without financial goals but setting and financial goals make many things easier for us. So, today I am going to discuss why setting a financial goal is very important for us.

Picture taken from Unsplash

It's your nature of human to get distracted. In the case of finance it is also applicable and many times it has been seen earlier. Setting a goal helps us to remain focused and not to be distracted from track. A life without having any financial goal is like a ship without a rudder. And we know it very well that a ship without a rudder faces danger because it's inevitable. It also helps to keep us motivated.

There is nothing in life without any risk. In financial cases, risk is a bigger issue and when we set financial goals to also consider the risk involved in financial cases and at the same time we also try to find out a solution of it. Besides understanding the risk from the earlier helps us to prepare to face the situation which means we can handle the situation with a stable mind. A stable mind can make the right decision more compared to an unstable mind.

The planning for financial goals naturally increases when we set a financial goal. For that, we start to make many strategies which include budgeting, saving, investing, and management. So it's very good for us to make the best plan to achieve financial goals having low risk and the most possible chances of success.

When we set a financial goal, we try to seek for the opportunity. In fact, we try to create opportunities and make the best use of the opportunity to achieve the goal. It is another good reason to set financial goals in life.

Just saying that I will achieve this or that is not called a goal. And goals are not for achieved overnight because it take time and require consistency. It means through this process we keep tracking the progress of our goal and if we want to achieve anything in life tracking the progress is very important.

As I said goals are not for achieved in overnight, it's a long time process and we need to continue the process until we achieve it. It's true that there are various kinds of risks involved in the way but after overcoming all the difficulties when we achieve the goal, it makes it possible the long term financial security.

It's the 15th of October and we know that the 15th day of each month is known as Leo Power Up Day (LPUD). I am the one who has high hopes for Leo and it's the reason I am trying to keep increasing my staking Leo.

This time I was able to earn Leo through treads and participating in some mini-contest and so I had nothing to worry about getting the Leo token for powering up and I didn't need to buy Leo tokens for power up.

screenshot

This time I powered up 151 Leo tokens like each month. After powering up now my Leo Power (LP) is now 800+ and I decided to delegate the Leo power to earn some Leo to get maximum return.

I set my goal to achieve 1100 LP before the end of the year and I think I am still on track I believe that I will be able to achieve the goal within the time. Besides I have plans to increase my stake of Leo in the upcoming year. At the current time I am only focusing on 1100 and it's very near to achieve it.