While thinking ahead to 2014 some lofty financial goals crossed my mind:
- Can we max-out the contribution room in our Tax Free Savings Accounts (TFSAs) by summer 2014?
- Can we start saving for an overseas trip in 2015?
- Can we put away at least 10% of our net income next year into RRSPs?
- Can we be mortgage free in 5 years?
My initial thought was…we can’t possibly do all this over the next couple of years….can we?
A recent conversation with a friend of mine reminded me about the choices I’ve made, we all make, regarding where we spend our money. I’ve made a few dumbass mistakes and wasted money over the years and I wish I had that time back because I’d do some things differently. I suppose on a more positive note I’ve made some good financial decisions over the years and I should write about those in a blogpost at some point.
Back to my question above I think only thing preventing my wife and I from realizing any or all of those goals above is: the desire to change. If you have enough desire to change something in your life you’ve already crossed a major hurdle on the path to reaching a goal.
What are your thoughts on that? Do you feel the same? With a new year on the horizon, what lofty, ambitious financial goals do you have?