How to Kick Start Your Financial Goals

The start of a new year is a natural time to set new goals. Here are a few tips to help you define your financial goals and begin your journey toward them.

  1. Be specific. Once you’ve identified your goals – new home, college for your kids, retirement, whatever – get specific about each of them. How much money will you need and when will you need it? Without a number and time frame to shoot for, you may end up missing your goal by a mile.
  2. Be realistic. After you identify a dollar figure and a time frame for each goal, do a reality check by estimating how much you may need to save each month to have a good chance of reaching your goals in time. (A compound interest calculator or, better yet, we can help with this.) Can you afford to sock away that amount each month?
  3. Make a plan. As the saying goes, a goal without a plan is just a wish. So, once you determine where you are now financially and where you want to be at a certain time in the future, your next step is to create a plan for moving from Point A to Point B in the allotted time.
  4. Monitor your progress. Checking your progress at least annually gives you an opportunity to adjust your plan if necessary.

With a plan in place, time on your side, and dedication on your part, you are in a great position to attain your goals.

With offices in Rutland and Williston, Vermont we develop a customized wealth management plan designed to integrate every aspect of your financial life. Call us today at 802.878.2731 to schedule a strategy session and begin building your road map to financial success.

Article published in January 2020 edition of Eye on Money. If you would like to be added to our mail list please email

Pictured from left to right: Bret L. Hodgdon, John W. Davis, Michael L. Thompson, Copper Leaf Financial