“Can’t Get Going on Your Long-Term Money Goals? Match Your Strategy to Your Personality” – LearnVest


Setting a goal can be exciting—a little too exciting for some, in fact.

“The main hurdle that people tend to struggle with when setting money-related goals is that they try to do too much too quickly,” says clinical psychologist Ben Michaelis, Ph.D. On the contrary, “slow change is good change. When I am working with patients on these sorts of goals, I always advocate going smaller to go bigger.”

This means setting your goal with smaller benchmarks built in to meet them little by little, each week or month, without trying to “outdo” yourself by accelerating beyond the goal you’ve set from the get-go, which can lead to losing steam if you can’t keep up.

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