Day 3 – Financial Goal Setting | Investors Pathshala

Investors Pathshala – Day 3

Rise Daily With One Financial Lesson

An Initiative by Niveshnama Financial Academy

✅ How to Set Realistic Financial Goals – A Step-by-Step Investor Guide

“A goal without a plan is just a wish.” — Antoine de Saint-Exupéry

Investing without a goal is like sailing without a compass. Let's build a roadmap that leads to wealth with purpose.

🧱 Types of Financial Goals

Goal Type	Examples	Time Horizon
Short-Term	Emergency fund, gadgets, vacations	0–2 years
Medium-Term	Car, marriage, business	2–5 years
Long-Term	Retirement, home, child’s education	5–20+ years

🧠 Step-by-Step Process

1. List All Future Life Events – Think ahead: house, retirement, education, etc.
2. Categorize by Time – Short, medium, or long-term?
3. Calculate Future Cost – Adjust for inflation (e.g., 7% over 10 years).
4. Find Monthly SIP Required – Use SIP calculators to plan back from your goal.
5. Track & Review – Adjust plans yearly as income or goals change.

📌 Example: Goal Planning Table

Goal	Amount Needed	Years	Monthly SIP	Asset Type
Emergency Fund	₹3 Lakhs	1	₹25,000	Liquid Fund
Child Education	₹30 Lakhs	10	₹12,200	Equity Fund
Retirement Corpus	₹1.5 Cr	25	₹8,000	NPS + Mutual Funds

🎯 SMART Goal Formula

• Specific – e.g. “Buy a house worth ₹75L in 5 years”
• Measurable – Trackable via SIP tools
• Achievable – Based on income & lifestyle
• Relevant – Matches your life priorities
• Time-bound – With a deadline

“You can’t manage what you can’t measure.” – Stay goal-driven, not return-chasing.

Need help building your goal-based portfolio?
📞 7571990152
🌐 www.niveshnama.com
📧 niveshnama@gmail.com

📅 Tomorrow’s Topic (Day 4): The Psychology of Money – Habits That Make or Break Wealth

© 2025 Niveshnama Financial Academy | Investors Pathshala Series