Take a moment and imagine…
What would a steady stream of investment income mean to you?
Would you tuck it away to fund simple pleasures in retirement, like getting lunch at a nice restaurant with friends?
Maybe it would make the difference in paying for your children’s college or that dream trip you’ve always imagined.
Or maybe you could retire a full year sooner…
In this week’s episode of State of the Market, Chief Income Strategist Marc Lichtenfeld reveals the financial goals that have helped him stay motivated and successful.
We’d all do well to join him in imagining our ideal future…
A 2016 study by TD Bank showed that visualizing goals, particularly through use of a vision board, left respondents twice as confident in their ability to achieve those goals as those who didn’t take the time to visualize.
And self-efficacy – psychologists’ term for our confidence in our ability to complete certain tasks – is a major predictor of success, experts have found.
It extends to financial achievements too. According to Business Wire, 83% of financial goal setters feel better about their finances one year after setting a goal.
So if you’ve been looking for the inspiration to put your goals out into the universe…
P.S. What financial goals are making it on your vision board? Let us know in the comments!