3 Easy Ways to Choose and Achieve Financial Goals

3 Easy Ways to Choose and Achieve Financial Goals

13 Jun 2022

Most people understand that setting financial goals is essential as financial success is necessary to live a fulfilling life. There is understandable confusion as to how to select and achieve those goals.  

A fee-only CERTIFIED FINANCIAL PLANNER™ Professional can craft a navigation-friendly path with goals-based benchmarks. By understanding your life objectives, your CFP® can perform financial planning highlighted by full-cycle investing.  


Ready to set measurable financial goals now and across posterity? Ask for an Akron Canton, OH, financial advisor to guide you through the process.


How many people achieve true financial independence? Sadly, very few. Take a quick look at how to choose and achieve goals through a comprehensive financial plan. Our approach is what sets us apart.

The Basics of Financial Goals

Financial goals are benchmarks to strive toward in saving and investing. Realistic financial goals are attainable within a specific period, regardless of whether the markets are bullish, bearish, or both.  

Choose a fiduciary CFP® for your financial planning, and you’ll receive guidance from a laser-focused professional focused on building your wealth rather than their own. This type of advisor earns a flat fee, meaning there is significant positive reinforcement for helping clients amass a sizable financial nest egg.  

Detailed financial modeling with attainable goals identification is the foundation. Each unique goal will be short-term, mid-range, and long-term. The best financial advisors operate within the framework of the SMART acronym that is short for Specific, Measurable, Achievable, Relevant, and Timely. 

1. Embrace the Challenge of Selecting Reasonable Financial Goals

Choosing financial goals might seem intimidating, yet there is no reason to be fearful or hesitant. Your advisor will guide you through this process to ensure your financial plan is grounded in the reality of your idiosyncratic financial picture.

This approach contrasts with financial planners who merely prepare a projection, apply a generic strategy, and select the same standard goals for each client.

The financial goals that make sense for you will likely be quite different from your neighbors. For example, if you’re starting a family, it makes sense to set the financial goal of saving money for your child’s college education. 

Alternatively, if you have adult children in the workforce, your primary financial goal is building a financial nest egg that empowers you to retire by your targeted date

A recent college graduate paying student loans and rent will present completely different financial goals, such as saving for a down payment on a home and starting a retirement fund with specific target benchmarks.  

The moral of the story is that the selection of your unique financial goals is determined by:

  • Your current level of wealth
  • Your desired outcome for the future
  • The dynamics of the events that will unfold in the years ahead

A trusted advisor will help you materialize set goals by target dates as an accountability partner. This professional will perform strategic pivots on your behalf with active investment management as the domestic affairs, world economy, and nuances of your personal financial situation change. 

This is the responsive and agile investment guidance you need to adjust to market dynamics and geopolitical events. 

Your advisor should account for everything from inflation to economic recessions, bull market momentum, global events, etc. This active approach to investment management maintains a metaphorical finger on the market’s pulse, so you’re liberated to narrow your focus on getting the most out of life versus obsessing over your finances. 

2. Transition From Short-Term Goals to Long-Term Goals

Financially successful individuals seamlessly pivot from short-term aims to those in the midrange and beyond. For example, most people have a car note, a credit card balance, and a home mortgage in their 20s and 30s. Paying down high-interest debt in the short term is a legitimate financial goal.

Even setting and sticking to a budget is an important short-term financial goal. However, your decisions after achieving your short-term financial goals are just as important as accomplishing those initial goals in the first place.  

Your advisor will help you determine how to use the money freed up after attaining your short-term goals. Midrange and long-term financial goals will seem less daunting if you have an emergency fund available, should life throw you a curveball. 

An emergency fund provides the reassurance you need to make progress toward your overarching financial aims without worrying about the impact of unexpected stumbling blocks such as:

  • Temporary unemployment
  • Illness
  • Incapacitation
  • An auto accident
  • Divorce
  • Another unfortunate event

Once these short-term hurdles are surmounted, you will be liberated to pivot from financial myopia to financial hyperopia in which you strive toward attainable goals in the years ahead.

3. Apply Financial Discipline 

Ongoing professional guidance will only prove effective if you practice financial discipline. Remain gainfully employed, save and invest a percentage of each paycheck, and the stage will be set to reach your economic aims.

If your employer offers full or partial 401(k) contribution matching or other benefits related to saving or investing for retirement, take full advantage of those opportunities.  

Keep in mind that you don’t have to pour the entirety of your investment dollars into risky stocks. A financial planner will help you diversify your investment dollars in securities, including:

  • Mutual funds
  • ETFs
  • Stocks
  • Money market accounts
  • CDs
  • Real estate
  • Other investments that pose significantly less risk than stocks

Your Launchpad to Success

By choosing the right CERTIFIED FINANCIAL PLANNER™, Professional you can save and invest in a disciplined manner making steady progress toward achieving your SMART financial goals. 


It’s time to inflation-proof your nest egg. Begin by goal setting with our trustworthy team at McGervey. 


Get started with our comprehensive financial planning process: The McGervey Method™. McGervey Wealth Management serves clients nationally and locally in Canton, Akron, and Cleveland, Ohio.

View our helpful, quick guides and take advantage of this valuable eBook to support your financial livelihood.

Contact our financial advisory firm and ask us your questions. We look forward to getting to know you and crafting your thoughtful, goals-based wealth map today.

McGervey Wealth Management eBook

More About the Author: Michael McGervey

Michael serves as a resource to executives and business owners, assisting them in making proactive and informed personal financial decisions. He is also a member of McGervey Wealth Management’s Investment Committee and is responsible for investment research as well as the execution of the firm’s portfolio strategies.