Economic Opportunity Website

Teaching you how to create opportunities for you and your dreams!

Personal Finance. It honestly sounds boring. But let me tell you that it is an incredibly fascinating and empowering topic. First, what is it? According to Investopedia, it is: The science of handling money. It involves all financial decisions and activities of an individual or household – the practices of earning, saving, investing and spending. This website considers it important because of three reasons:

Because it makes us ask ourselves questions like: What will I need money for in the future and how much? How would I ideally like to make money, what’s my passion? What are my life projects, my dreams?
It forces us to set financial goals and keep track of them.
It is the first step toward being money smart and creating a source of income from your passion.

What Are Your Dreams?

Difficult question? I don’t think so. What we’re trying to do here is not to create new dreams for you or give you epiphanies about your life purpose. What are the existing desires in you that you would like to accomplish? What is most important to you?

Is it to ensure your family’s happiness and help out with expenses and debt?
Is it to move out of your parent’s and make sure your freedom is financially protected?
Is it to go on that trip that you’ve always wanted?
Is it to offer something to a loved one that (s)he deeply desires and that you know will make a difference in their life?

How to Set Goals: Deconstructing your dreams

Technical way:

Setting S.M.A.R.T goals is very technical, but it is absolutely necessary to know if you are making progress and even to know if you hit your goal. So, make sure you are setting goals that are:

Specific
Measurable
Action-based (What are the practices, the steps you will take to accomplish it?)
Realistic
Time-bound (Deadline)

However, these goals must inspire you to generate enough motivation t0 attain them. According to author Brendon Burchard, your goals also must be:

Dream-driven: Linked to a Dream.
Uplifting: Recurrently Inspiring.
Method-friendly: Recurrent Practices.
Behavior-triggered: Routine-based.

Final Steps

Now go on Mint.com
Create a profile, connect your bank account.
Go to the Goals tab and create your financial goals!
Link a bank account and you’ll be able to see your monthly saving needs to achieve that goal!