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What should you consider in setting personal financial goals?

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When people set financial goals, they are trying to pattern their life so that it has a defined trajectory financially.

But in setting financial goals, what are the things that people should always consider so as to get it right?
 
If you're going to set financial goals, you must consider and evaluate your current financial situation, including tracking all income and expenses. Determine your short-, medium-, and long-term financial goals. Create a plan and take action. Conduct periodic evaluations.
 
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