Step 2 – What are our goals?

Step 2

This is possibly one of the hardest questions because human emotions come into play.

To achieve the answer we need to ask ourselves what we want to achieve. These could be multiple or single goals.

Goals don’t need to complex; it could be reducing or eliminating debt or to save for a deposit on a house. It could be more complex such as drawing up a retirement plan, or providing income in retirement.

Once we know what are goals are we need to ask whether they are realistic and rational.

This is often about asking questions.

So for example if we want £50,000 for a deposit on a house in two years – is this realistic? Can it be achieved?

Please note... is not regulated by the FCA. The information is purely a guide and it is the responsibility of the investor to carry out their own research before making any final decisions. We will ensure that the information is as accurate as possible but we cannot be held accountable for any errors or omissions. No products are sold on this site, nor do we endorse any particular product or investment.

Where there are links to third party sites this is not an endorsement of that site, and we cannot be held responsible for the accuracy of the information on that site.

Where there is reference to performance you should note that past performance is purely a guide and investments can fall as well as rise.

The information on the site belongs to and cannot be replicated or copied without our permission.