Moving the Goalposts with Your Money

Money Wisdom

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3M ago 11:31

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Are you familiar with the term ‘moving the goalposts’? It happens when people change or adjust their targets after they’ve already been established, which is something that happens all the time with finances. Many people set financial goals or deadlines, only to find themselves shifting those targets, often to their detriment. This episode of the Money Wisdom Podcast with Jake Doser, CFP®, CPWA® sheds light on why it's essential to establish a solid financial plan and stick to it.

Here’s some of what we discuss in this episode:

What we tell people who set goals for cash but keep changing the amount they set aside.
Pushing your savings goals back to prioritize other things then you don’t have a plan.
Greed often drives us to take on more risk when we’ve already established goals to scale back at a certain point.

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