Happy Monday, MarketWatchers.
Congratulations on making it halfway through our money challenge! We’re focusing on goal-setting this week.
It’s time to have a heart-to-heart with yourself this week.
Put aside a few minutes to think about your short- and long-term goals.
We know that the pandemic has thrown many people off course and made it harder to think about the future. So don’t worry too much about planning every aspect of your financial life or setting hard deadlines. Instead, think about money as a tool that can help you achieve your goals, whether that’s owning a home, getting out of debt, supporting a family member or starting to save for retirement.
What are your goals? Do you want to change careers, go back to school or make more money? Do you want to save for your children’s education? Do you want to save to buy a home or even a second home? Or maybe you just want to feel financially secure and stop worrying about money every day.
When we asked MarketWatch readers about their money goals, we heard a wide range of answers: Some wanted to save enough to retire, others wanted to pay off debt and several wanted to invest more. Take some time to think about what your goal is.
Once you’ve visualized your goal, it’s time to tell someone about it.
Talk about it with an accountability buddy.
Speak it into existence, manifest it, meditate on it, whatever you need to do to realize your goal is worth pursuing and you can get there! Research from The Ohio State University shows that you’re even more likely to achieve a goal when you share it with someone you hold in high regard. But that’s not the only way to succeed: Even writing it down can be a great first step, and bonus points if you display your written goal somewhere you can frequently see it, like on the fridge.
Read about setting goals and sticking to them.
This story has some realistic money goals that are still relevant. When setting your financial goals, it’s important to give yourself a pat on the back — and give yourself a break if you’re feeling stressed that you haven’t accomplished something yet. Even idealizing where you want to be is an important step.
Young, healthy adults will be deliberately reinfected with COVID-19 to boost vaccine development
Researchers at the University of Oxford have launched a “human challenge” trial to investigate what happens when someone who has recovered from COVID-19 is re-exposed to the virus Read More
Debt collectors looking to evict renters must notify them of CDC eviction moratorium, regulator says
The Consumer Financial Protection Bureau has issued a new policy designed to strengthen the national eviction moratorium. Read More
Financial advisers walk a fine line in casual conversations between talking shop and talking too much shop
Beware of giving unsolicited advice. Read More
The 2021 Acura NSX: A supercar for everyday thrills
The sleek, hand-built Acura NSX is one of the best-kept secrets in the sports car world, designed to match the performance of Lamborghinis and Ferraris. Read More
A time for reckoning: remote work, travel, and the reality of home
What are the travel options and realities if you’re working remotely for good? Should you become a digital nomad? Move to a new city or stay put? Read More
Demand for SUVs is leaving sedans in the dust; EV sales grew fastest
New SUVs and crossovers are in hot demand, while sedans are likely to be languishing on car dealer lots, but sales figures have a big asterisk. Read More
I’m on track to retire at 58. My fiancée is in debt and drives my old car, and I support her family. How do I ensure my son inherits my wealth after I die?
‘My concern is that if I am married, the savings I have would go to her and subsequently her children, bypassing my son.’ Read More
My wife offered to ‘loan’ me money when I was having financial trouble. Now I make six figures — and she refuses to pay any bills
‘As I started my new job, and my wife received her money, she used part of her $200,000 inheritance to go on a spending spree: a $50,000 truck and a $20,000 camping trailer.’ Read More
What determines when Americans reclaim their ‘liberty’? Here is Dr. Fauci’s answer
Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, was appearing before a House Select Subcommittee on the Coronavirus Crisis. Read More