The key to achieving your goals is to prioritise what's most important and plan accordingly.
Focus on the right things at the right time, or you may not manage to achieve your goals because you spread yourself too thin on less important goals. Follow these 5 steps to establish your most important goal:
Before you prioritise and rank your goals, you also have to know how much money you have, in order to determine which goals are attainable.
The HSBC financial health check tool helps you understand your present financial situation.
Short-term goals - These are goals you hope to achieve as soon as possible, such as buying a new car, or investing in a second residential property.
Long-term goals - These goals can only be achieved years later, such as early retirement, and leaving a large legacy for your children.
Essential goals - Everyone has a different definition of what's essential. For most of us, family protection is the most essential goal.
Non-essential goals - These are goals that would be great to achieve, but you're not in a hurry to hit them.Select your essential short-term goals
The goal you believe to be essential and that has to be achieved most urgently is your most important goal.
For instance, if your child is arriving in a few months, you'll need to buy a car soon for your growing family. Buying a new car would be your most important goal.
Picking an investment product is contingent upon your:
Most important investment goal
Want to start growing your wealth but not sure where to start? Leave your contact information and we will call you back within 2 working days.
General enquiry on personal financial related service
Please dial the country code of mainland China +86 if you are calling from overseas, Hong Kong SAR, Macau SAR, or Taiwan
The contents of this article, whether in whole or in part, may not be reproduced or further distributed to any person or entity for any purpose, and must not be distributed to any other jurisdiction where its distribution is unlawful.
The views expressed and the information contained in this article are for general reference only, and are not intended to offer any professional opinion (including but not limited to financial, tax, legal or accounting advice) or investment advice. In addition, the information contained herein has not taken into consideration your investment experience, objective, financial sources and relevant circumstances. You should not regard this article as the bank offering opinions/advice in these areas, or rely on it as the basis of any investment or other decisions. This article does not constitute any advertisement, promotion, recommendation, offer, solicitation of offer or advice for any product or service offered by the bank. The bank is not recommending or soliciting any action based on it.
The bank and HSBC Group make no guarantee, representation or warranty and accepts no responsibility for the accuracy, timeliness or completeness of the views and information contained in this article including any third party information. Third party information is for your reference only, and shall not be deemed as the bank's recommendation or endorsement of any views, data or other information contained therein. The views expressed in this article are subject to change without notice.