One of the essential parts of Financial Planning is to have reasonable and attainable goals and a financial target for your plan. If you don’t have a financial target, how can you tell if you are on target?
Here is an example of how if you have a target, your aim gets better, and thus, your aim at your plan’s target is better.
Aim and Fire
This urinal has a small fly in it. This fly causes users of this urinal’s “accuracy” to increase by 80% (or decrease “spills” by that amount, at least).
The trick is that at Schiphol Airport in Amsterdam (ok, outside of Amsterdam), do not have a bathroom attendant who puts a new fly in after each use, no, this is a STICKER of a fly, and this sticker has decreased the mess and filth in the bathrooms at Schiphol.
What a great idea!!
Punch Line Regarding Financial Target
Remember, if you don’t have a financial target, how can you tell if you are succeeding or not.