Establishing Your Financial Goals

4:45:0

2023-11-07

6840

1- Set goals for your investments. What do you want to do with the money you make from your investments? Do you want to retire early? Do you want to buy a nice house? Do you want a boat?

As a rule of thumb, you're going to want a diversified portfolio no matter what your goal is (buying a house, saving for a child's college education, etc.). The idea is to let the investment grow over a long period of time so that you have enough to pay for the goal.
If your goal is particularly aggressive, you should put more money in the investment periodically rather than opting for a more risky investment. That way, you're more likely to achieve your goal rather than lose the money that you've invested.

2- Establish a timeline for your goals. How soon do you want to reach your financial goals? That will determine the type of investments you make.

If you're interested in getting a great return on your investment quickly, and you are prepared to take the risk that you could also see a great loss just as quickly, then you'll select more aggressive investments that have the potential for significant return. These include undervalued stocks, penny stocks, and land that might quickly appreciate in value.
If you're interested in building wealth slowly, you'll select investments that generate a slower return on investment over time.

3- Determine the level of liquidity you want. A "liquid" asset is defined as an asset that can be easily converted to cash. That way, you'll have quick access to the money if you need it in an emergency.

Stocks and mutual funds are very liquid and can be converted into cash, usually in a matter of days.
Real estate is not very liquid. It usually takes weeks or months to convert a property to cash.

Nature

Beavers Turn Rivers into Powerful Carbon Sinks, Study Finds

2026-05-13

Scientists Make Breakthrough in Turning Plastic Trash into Clean Fuel Using Sunlight

2026-05-10

NASA Satellite Captures First-Ever High-Res View of Massive Pacific Tsunami

2026-05-05

Nearly 1 in 5 Gray Whales That Enter San Francisco Bay Die There

2026-05-03

Bombardier beetles

2026-04-29

Shoebill

2026-04-26

Most Active Volcano in Europe Just Got Stranger

2026-04-23

Scientists Raise Concerns Over Newly Recognized Pollutant Found Everywhere in the Air

2026-04-20

20x Difference: Study Reveals True Source of Airborne Microplastics

2026-04-15

Why Antarctic Sea Ice Suddenly Collapsed After Decades of Growth

2026-04-13

Get advices

The Shortest Road to Success

2026-04-14

The Bounteous Source of Streng ... read more

2026-03-29

Foresight

2026-03-24

Aligning Goals with Capacities

2026-03-18

1	Your Goals May Harm You If You Cannot Ac ... read more

2	You Always Have a Choice

3	Effectiveness of Training

4	How Do We Respond to Provocation?

5	Localization of Technology

6	Rationalizing Reactions

7	Why Do We Learn?

8	Take Responsibility for Your Choices

9	The Key to Success in Your Work and Life

SOCIETY AFFAIRS

The Bounteous Source of Strength ... read more

Steadiness in Friendship

Lack of Will Power the Obstacle to Success ... read more

Vigilance in the Midst of Problems ... read more

The Scope of Human Possibilities ... read more

How to Not Be Tempted to Eat Junk Food ... read more

The Waves of Change Created by Outstanding Persona ... read more

Tenacity and Victory

Self-Suggestion

Secured Spiritual Well-Being by Means of Fruitful ... read more

Family & Life

7:37:10 2026-05-16

Interpretation of Sura an-Nur - Verse 53

7:32:22 2026-05-12

Interpretation of Sura an-Nur - Verse 48

11:12:28 2026-05-06

Interpretation of Sura al-Nur - Verses 46-47 ... read more

12:21:10 2026-05-04

Islamic Idelogies

Honour, from the Islamic Viewpoint

7:40:4 2026-05-16

Refraining from Humiliation

7:34:39 2026-05-12

The Spirit of Self-Reliance

11:13:56 2026-05-06

Foresight

12:21:8 2026-04-30

Holy Prophet

A Mathematical Approach to the Quran

10:52:33 2024-02-16

mediation

2:36:46 2023-06-04

what Allah hates the most

5:1:47 2023-06-01

allahs fort

11:41:7 2023-05-30

Prophet ‘s progeny

striving for success

2:35:47 2023-06-04

Imam Ali Describes the Holy Quran

5:0:38 2023-06-01

livelihood

11:40:13 2023-05-30

silence about wisdom

3:36:19 2023-05-29

Science and technology

This New Memory Technology Could Make Devices Last ... read more

7:3:36

2026-05-13

Engineers a

This New Chip Could Make GPUs Far More Efficient

12:54:13

2026-05-10

Physicists

Seeing the Invisible: Scientists Develop New Way t ... read more

10:50:14

2026-05-05

Scientists

Harvard Breakthrough Brings Powerful UV Light Sour ... read more

11:58:7

2026-05-03

Health &Fitness

Your Blood Pressure Reading Could Be Wrong Because ... read more

7:5:7

2026-05-13

New Research Shows Vitamin B12 May Hold the Key to ... read more

12:55:54

2026-05-10

Millions of People Have Osteopenia Without Realizi ... read more

10:51:44

2026-05-05

MOST VIEWS

Importance of Media

9:3:43 2018-11-05

10 benefits of Marriage in Islam

7:5:22 2019-04-08

benefits of reciting surat yunus, hud &

9:45:7 2018-12-24

advantages & disadvantages of divorce

11:35:12 2018-06-10

Is money everything in life?

6:0:51 2018-10-16

Illuminations

10:35:40 2022-05-26

4:26:43 2022-02-21

4:25:57 2023-02-11

3:18:29 2022-12-24

5:58:12 2021-12-18

salih & the special camel

8:3:0 2018-06-21

be yourself.

8:30:23 2022-03-03

IMmORTAL Words

Isaac Newton once said: "Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion."

5:41:46 2023-03-18

Albert Einstein once said: "Imagination is more important than science for it surrounds the world"

10:13:17 2022-06-08

The first student of Islam, Al-Imam Ali-Ibn- Abi Talib (peace be upon him) said: "Worshiping acts is like a drop of water in the sea of directing to righteousness, and what is better than directing to righteousness is saying the right at the presence of an oppressor"

1:4:11 2022-05-26

Verner Heisenberg
The German theoretical physicist and the key pioneer of quantum mechanics said:
"The first gulp from the glass of nature sciences will turn you into an atheist, but at the bottom of the glass, God is waiting for you"

8:58:43 2022-04-19

A man who lies to himself , and believes his own lies becomes unable to recognize truth , either in himself or in anyone else , and he ends up losing respect for himself and for others.

When he has no respect for anyone , he can no longer love , and , in order to divert himself , having no love in him, he yields to his impulses , indulges in the lowest forms of pleasure , and behaves in the end like an animal .

And it all comes from lying - lying to others and to yourself .

FYODOR DOSTOEVSKY

10:28:46 2022-03-16

Reality Of Islam

MOST VIEWS

IMmORTAL Words