Establishing Your Financial Goals

4:45:0

2023-11-07

776

1- Set goals for your investments. What do you want to do with the money you make from your investments? Do you want to retire early? Do you want to buy a nice house? Do you want a boat?

As a rule of thumb, you're going to want a diversified portfolio no matter what your goal is (buying a house, saving for a child's college education, etc.). The idea is to let the investment grow over a long period of time so that you have enough to pay for the goal.
If your goal is particularly aggressive, you should put more money in the investment periodically rather than opting for a more risky investment. That way, you're more likely to achieve your goal rather than lose the money that you've invested.

2- Establish a timeline for your goals. How soon do you want to reach your financial goals? That will determine the type of investments you make.

If you're interested in getting a great return on your investment quickly, and you are prepared to take the risk that you could also see a great loss just as quickly, then you'll select more aggressive investments that have the potential for significant return. These include undervalued stocks, penny stocks, and land that might quickly appreciate in value.
If you're interested in building wealth slowly, you'll select investments that generate a slower return on investment over time.

3- Determine the level of liquidity you want. A "liquid" asset is defined as an asset that can be easily converted to cash. That way, you'll have quick access to the money if you need it in an emergency.

Stocks and mutual funds are very liquid and can be converted into cash, usually in a matter of days.
Real estate is not very liquid. It usually takes weeks or months to convert a property to cash.

Nature

Scientists Found a Mysterious Barrier in The Ocean That Jellyfish Will Not Cross

2025-08-03

Yellowstone Aspen Forests Are Already Responding to The Return of Wolves

2025-07-31

Almost 50% of Microplastic Pollution Comes from Cars. Here is Why.

2025-07-28

Amazon River Yields Surprise as Drones Spot 41,000 Rare Turtles

2025-07-26

Many Butterflies Have a Second Head – This Could Be Why

2025-07-22

Atlantic Ocean Nanoplastic Problem Revealed in Shocking New Study

2025-07-20

Antarctica Just Lost a Greenland Worth of Ice — And That Not the Scariest Part

2025-07-07

Spider With No Venom Has a Deadly Trick to Poison Its Prey

2025-07-05

Rainforest Deaths Are Surging and Scientists Just Found the Shocking Cause

2025-07-02

Sharks Follow This Universal Math Rule, Confirming a Century-Old Law of Biology

2025-06-30

Get advices

Take Responsibility for Your C ... read more

2025-08-02

The Key to Success in Your Wor ... read more

2025-07-30

Forgive Others

2025-07-23

Increase Your Learning Ability

2025-07-06

1	Pay Close Attention to Investigating Cau ... read more

2	The Pareto Principle

3	Evaluate What You Hear

4	Tips for Self-Accountability and Self-Di ... read more

5	Use Bono Thinking Method

6	How to Transfer Information from Short-T ... read more

7	Master the Skill of Fast and Comprehensi ... read more

8	Be a Good Evaluator of Suggestions and S ... read more

9	Use your brain so you do not lose it

SOCIETY AFFAIRS

Advancing Vocational and Technical Education ... read more

The Importance of Vocational and Technical Educati ... read more

The Impact of Education on Economic Development ... read more

A Message to Charitable People

Imitation and mockery

Seek friendship

Volunteer

Alternative method for friendly people ... read more

Employee behaviors are easier to predict than you ... read more

Smile

Family & Life

11:34:36 2025-08-02

Interpretation of Sura Hud - Verses 105-107 ... read more

11:20:31 2025-07-30

Interpretation of Sura Hud - Verses 102-104 ... read more

11:54:39 2025-07-27

Interpretation of Sura Hud - Verses 99-101 ... read more

10:36:46 2025-07-23

Islamic Idelogies

Patience in Islamic Codices

11:28:24 2025-08-02

The Fields of Patience

11:22:10 2025-07-30

Patience in Performance of Obligations (Obedi ... read more

11:52:56 2025-07-27

Patience Against Sin

10:34:41 2025-07-23

Holy Prophet

A Mathematical Approach to the Quran

10:52:33 2024-02-16

mediation

2:36:46 2023-06-04

what Allah hates the most

5:1:47 2023-06-01

allahs fort

11:41:7 2023-05-30

Prophet ‘s progeny

striving for success

2:35:47 2023-06-04

Imam Ali Describes the Holy Quran

5:0:38 2023-06-01

livelihood

11:40:13 2023-05-30

silence about wisdom

3:36:19 2023-05-29

Science and technology

Gold remains perfectly solid wh

Gold Does Something Unexpected When Superheated Pa ... read more

1:0:50

2025-08-03

We are ente

Third Phase of AI Is Here. Here is How Agents May ... read more

1:37:7

2025-07-31

A clock bui

We Have a New Record for The Most Accurate Clock E ... read more

1:2:22

2025-07-28

One of the

One of 2025 Best Meteor Showers Is Upon Us: Here i ... read more

1:40:50

2025-07-26

Health &Fitness

Just One Diet Soda a Day May Raise Your Type 2 Dia ... read more

1:4:36

2025-08-03

Study Reveals the Shocking Amount of Plastic We Br ... read more

1:38:18

2025-07-31

Eating Eggs Can Actually Lower Bad Cholesterol, Ne ... read more

1:4:14

2025-07-28

MOST VIEWS

Importance of Media

9:3:43 2018-11-05

10 benefits of Marriage in Islam

7:5:22 2019-04-08

benefits of reciting surat yunus, hud &

9:45:7 2018-12-24

advantages & disadvantages of divorce

11:35:12 2018-06-10

Is money everything in life?

6:0:51 2018-10-16

Illuminations

prophet adam & the apple

1:16:44 2018-05-14

your children

7:32:24 2022-02-14

abbas-ibn-firnas

3:42:22 2021-12-24

bahlool & the khalifa`s food

8:19:41 2018-06-21

salih & the special camel

8:3:0 2018-06-21

bahlool & the throne of haroun rashid

8:20:35 2018-06-21

apologize when you are wrong

7:6:7 2022-03-21

IMmORTAL Words

Isaac Newton once said: "Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion."

5:41:46 2023-03-18

Albert Einstein once said: "Imagination is more important than science for it surrounds the world"

10:13:17 2022-06-08

The first student of Islam, Al-Imam Ali-Ibn- Abi Talib (peace be upon him) said: "Worshiping acts is like a drop of water in the sea of directing to righteousness, and what is better than directing to righteousness is saying the right at the presence of an oppressor"

1:4:11 2022-05-26

Verner Heisenberg
The German theoretical physicist and the key pioneer of quantum mechanics said:
"The first gulp from the glass of nature sciences will turn you into an atheist, but at the bottom of the glass, God is waiting for you"

8:58:43 2022-04-19

A man who lies to himself , and believes his own lies becomes unable to recognize truth , either in himself or in anyone else , and he ends up losing respect for himself and for others.

When he has no respect for anyone , he can no longer love , and , in order to divert himself , having no love in him, he yields to his impulses , indulges in the lowest forms of pleasure , and behaves in the end like an animal .

And it all comes from lying - lying to others and to yourself .

FYODOR DOSTOEVSKY

10:28:46 2022-03-16

Reality Of Islam

MOST VIEWS