Making financial dreams a reality (2024)

5 simple steps to tap the power of momentum

Posted by: Team Tony

“All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was a vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible.” – T.E. Lawrence

Steve Jobs called them “crazy ones,” T.E. Lawrence called them “dangerous men,” but both recognized that those who dare to live their dreams are powerful outliers. Although we all have dreams, very few of us follow through to make our dreams a reality.

What is your dream? Are you living it? Or is it more of a blurry vision, like a mirage teasing you in the distance? Maybe you want to lose 50 pounds, or to connect with your teenage daughter. Maybe you want to become absolutely financially free, or to finally buy that condo in Aspen.

The truth is that most people are not where they want to be simply because they never get started. Perhaps you don’t know where to start, or perhaps you have been too scared to start. Whatever the reason, now is the time to break through the excuses, the fear, the scarcity mindset. It’s time to take the first step. Because once you start, you will gain momentum. And once you gain positive momentum, it becomes so much easier to succeed.

The momentum model is specifically designed to create tangible results by allowing you to just take one step at a time. Before you know it, just like ball rolling downhill, you will pick up speed and become a driving force.

Making financial dreams a reality (3)

1. Put yourself in a peak state

First things first: if you want to change the results of anything, you first must put yourself into a peak state. This means you massively change your physiology in order to maximize energy levels. If you remain in a low-energy state, you will not change anything because it will only remain a concept in your head.

Do whatever you need to do to get into this state: jump up and down, dance, yell. Channel an enthusiastic sports fan or a teenage girl at a Taylor Swift concert.

2. Find your passion

Once you are in a peak state, in order to keep the momentum going, you must tap into your passion. If you don’t know what your passion is, then being in a peak state is the perfect state to be, because it as if you have primed the pump. When you find your passion, it will be like you have tapped the well and your energy will be sustained by your passion.

But, to find your passion you must ask the right questions. What do you love? What do you hate? What will you not tolerate? What makes you say, “Not another day, not another hour, this is changing now!”

Write it all down. Go on a rant. And be sure to do it with energy and passion!

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3. Decide, commit, resolve

Finding your passion is going to give you tremendous energy, but to maintain the momentum, you must do the next thing. The decision really is the power that changes your life. Make this decision while you’re still in a passionate state. If you make a decision without passion, you will kill the momentum.

Decision is like war – the internal back and forth – until you say, “Alright, I’m going to make myself do this.” After you have made your decision, you must commit that no matter whether it is easy or difficult, you are doing it. And finally you must resolve. Resolve means it’s done – there is no question whatsoever.

Remember two decisions you have already made sometime in the past that changed your life for the better. Maybe it was a small but difficult decision and it led to something really important in your life. Then think of a big decision – maybe one that you came to the edge of doing multiple times and kept pulling back. But eventually you did it, and it changed your whole life for the better. What finally got you to decide? Write down two decisions, one small and one large, that if you decided today they would change your life for the better. Once you’ve decided, commit to them. Finally, be resolved, knowing it’s a done deal. Resolve brings peace because the internal wrestle is over.

4. Take immediate, intelligent, consistent and massive action

After you are resolved, the only way to keep the momentum is to take immediate and massive action. Massive action is the cure-all. If your relationship is not where you want it to be, if your finances are not where you want them to be, or your body, or your business, whatever the case, you need to take massive action. And if it doesn’t work, try something else. Continue to take massive action until you find a way forward.

Now close your eyes and decide what two actions you are going to take immediately on your first decision. Make a phone call, schedule a meeting, enroll in a class. But do it immediately because otherwise, despite your best intentions, you likely won’t follow through.

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5. Be S.M.A.R.T. — and be honest with yourself

The last step to continue the momentum you’ve got is to be S.M.A.R.T. Make sure the results you are moving toward are Specific, Measurable, Achievable, Realistic and anchored within a Time frame. Is your action working? Be honest with yourself. If it is not, go back into peak state and work through Step 4, with a new action. Wash, rinse, repeat — until you find an action that does work for you.

Do not be content to be mediocre when your heart aches for so much more. Be courageous enough to take the first step and allow the power of momentum to propel you into a future where your dreams become reality.

Header image©l i g h t p o e t/shutterstock, article images©DragonImages/shutterstock,©ponsulak/shutterstock

Making financial dreams a reality (2024)

FAQs

Is it enough to dream about your financial goals? ›

Having dreams alone is not sufficient to make financial progress. The next step is to make your dreams a reality. Many people have dreams but don't follow through to achieve them. This is where financial goals come into play.

How do financial goals help you achieve your dreams? ›

Setting financial goals gives you clear objectives to work toward and plan for, aligning income, investments and expenses with a desired outcome. Because circ*mstances can change greatly throughout your life, it is critical to regularly review and update your goals.

What are the 7 steps to financial freedom? ›

You can too!
  • Save $1,000 for Your Starter Emergency Fund.
  • Pay Off All Debt (Except the House) Using the Debt Snowball.
  • Save 3–6 Months of Expenses in a Fully Funded Emergency Fund.
  • Invest 15% of Your Household Income in Retirement.
  • Save for Your Children's College Fund.
  • Pay Off Your Home Early.
  • Build Wealth and Give.

What is the first step to turn your financial dreams into achievable goals? ›

Identify Your Goals: The first step to setting financial goals is identifying what you want. Whether it's saving for a dream vacation, buying a new car, or paying off student loans, be specific about your financial goals.

Should financial goals be realistic? ›

Setting realistic financial goals is crucial for achieving financial success. 10 things to consider when setting realistic financial goals: 1: Assess current financial situation. Understand your income, expenses, debts, assets, and liabilities.

Why should financial goals be realistic? ›

They can aid you during a financial emergency

Hence, having a realistic financial goal that one can reach helps to create that emergency corpus that can work to save us during such crises.

What are the three ways to achieve a financial goal? ›

Three Ways to Help Achieve Your Financial Goals
  • Define your goal clearly. A goal is the first step that sets you on a path. ...
  • Identify your time frame. Categorizing your objectives by short-term, medium-term, and long-term financial goals provides focus to your plan. ...
  • Monitor your progress.

What are the best financial goals? ›

Some of the most common include paying off debt, saving for retirement, establishing an emergency fund, saving money for a down payment on a home, saving money for a child's college education, feeling financially secure and comfortable, and being able to financially help a friend or family member.

What are examples of financial goals? ›

Examples of financial goals include:
  • Paying off debt.
  • Saving for retirement.
  • Building an emergency fund.
  • Buying a home.
  • Saving for a vacation.
  • Starting a business.
  • Feeling financially secure.
Jul 18, 2023

How to have financial peace? ›

Financial Zen: How to Get Financial Peace of Mind
  1. Get out of debt. This is often the first necessary step. ...
  2. Pay your bills as soon as they come in. ...
  3. Make your payments automatic. ...
  4. Develop a financial security net. ...
  5. Review your finances at least weekly. ...
  6. Talk about money with your partner.

What is the secret to financial freedom? ›

Make a budget to cover all your financial needs and stick to it. Pay off credit cards in full, carry as little debt as possible, and keep an eye on your credit score. Create automatic savings by setting up an emergency fund and contributing to your employer's retirement plan.

What is the trick to making smart financial decisions? ›

Setting specific, measurable, attainable, relevant, and time-bound (SMART) goals provides a roadmap for your financial decisions and helps you stay focused on what truly matters. Create a Budget and Track Expenses: A budget is a powerful tool that allows you to take control of your finances.

How to set yourself up financially? ›

  1. Choose Carefully.
  2. Invest In Yourself.
  3. Plan Your Spending.
  4. Save, Save More, and. Keep Saving.
  5. Put Yourself on a Budget.
  6. Learn to Invest.
  7. Credit Can Be Your Friend. or Enemy.
  8. Nothing is Ever Free.

How do you create a smart financial goal? ›

A better way to write financial goals is to use the SMART method. SMART stands for Specific, Measurable, Achievable, Realistic, and Time-bound. These are five criteria that can help you make your goals clear, realistic, and trackable.

Is it good or bad to dream about getting money? ›

Receiving money in a dream

This dream might reflect a strong sense of self worth and readiness for success. It signifies that you are open to recognising your value and embracing positive changes in your life. Furthermore, this dream could also reflect your openness to accepting new opportunities.

Is it good to dream about money? ›

Broadly speaking, dreaming about receiving money could indicate a strong sense of self-worth. It could reflect that you're in a place where you're feeling confident and ready to receive gifts or recognition—be they monetary or more symbolic (i.e. a new relationship or job opportunity).

What is your #1 financial goal? ›

Long-Term Financial Goals. The biggest long-term financial goal for most people is saving enough money to retire. The common rule of thumb is that you should save 10% to 15% of every paycheck in a tax-advantaged retirement account like a 401(k) or 403(b), if you have access to one, or a traditional IRA or Roth IRA.

What is more important money or dreams? ›

Well dreams are more important because when you accomplish those dreams, you get personal satisfaction and deep down you feel good that you have achieved something that matter to you. Money will definitely fulfill all your needs but you wont be getting that feeling of achievent.

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