We all have specific goals in our minds or desires that we want to fulfill. When we talk about financial goals, one may think of common goals such as retirement plans, housing and income plans, or children’s education. Each person and their situation is different and so are their financial goals. Some people want to buy a house, plan their retirement, and build emergency funds. On the contrary, some people wish to achieve something different.
An investor doesn’t need to have a goal related to retirement planning or insurance. They, too, can have unconventional financial goals that they want to accomplish. Here, we present the ten most unconventional financial goals from some of the expert investors. Continue reading to discover some unique and unconventional financial goals. If you haven’t set your financial goals yet, you must consider adding these to your list.
1. Taking a short break from work
We came across a client who wanted to take a short break from work. He even said he wants to explore other fields and reconsider his profession. This is something that we all want at a certain point in life. A long break from work may sound risky to a lot of people. However, it is not something unachievable if you have the skills and determination to do that. We would suggest keeping taking small breaks in between to maintain a healthy balance.
2. Create a work-life balance and do something out of your comfort zone
The tax consultants and accounting experts work throughout the year. They offer advice and help in managing the finances. Be it accounting or any other job, we all fail to create a work-life balance sometimes. So, here’s one of our clients who wished to create a work-life balance. Apart from this, he also wanted to experiment and push themselves out of the comfort zone. It gets super difficult, especially when a person has a fixed routine and is equipped with a 9 to 5 job.
3. Visit every country in the world
Many of our clients wished to travel and explore different cultures around the world. To explore the world and travel around is something that is on the wishlist of many people. Our clients too, wish to wander around and take a break from their work lives.
4. Achieve financial freedom
As mentioned, retirement planning is a common goal of many investors. However, many of our clients wish to achieve financial freedom and get rid of all the stress. It means that you have sufficient savings that will help you earn a living. To achieve this, you may have to live on a budget and plan investments properly.
5. Do something adventurous
Skydiving, snorkeling, safari riding, diving in a submarine are some of the adventurous things that our clients had on their lists. We are sure that many of us have similar goals and wish to do something adventurous once in our lives.
6. Plan a surprise trip for parents
While we have goals for ourselves, some of our clients wish to do something special for their parents. They want to give a memorable holiday and plan a surprise trip for their parents. One of the clients even dreams of sending her parents on a world tour. She has even started planning for it, and we hope she accomplishes her goal.
7. Road trip to a foreign country
We can see that traveling and adventure is a goal for many of the investors. Here’s another unconventional goal that we came across while discussing with the client. He wanted to travel to a foreign country and that too by road. If you have a similar goal, you must consult travel agencies. There are dedicated travel agencies that help arrange road trips. They will help you plan your trip and ensure that everything goes well on the trip.
8. Start a side hustle
Many of our clients also wished to start a side hustle and focus on their business setup. They even told us how they have been saving money to make everything perfect. It requires lots of effort and dedication to build a business. Therefore, one must invest in researching and planning properly. It will be ideal to identify your areas of interest before you think of a new business plan. One must also go through the policies and legalities and comply with all the laws.
9. Give back to society or get involved in some social work
A few of our clients had this goal of leaving their field and getting involved in charity/ social work. One of the clients even wanted to set up a school and a hospital in their village. These are some of the excellent ways to give back to society or do something good for others. There are very few people who think of others in this century. Having such goals is what truly makes you unconventional and unique.
10. Corpus for medical expenses
At times, insurance is not enough and may not even meet the expenses. Therefore, some of our clients wish to build a corpus for medical expenses. Medical emergencies can occur at any time of life. Consequently, it is necessary to understand and save for this critical phase of life. If you have people who are dependent on you, it will be even more essential for you.
These are some of the unconventional financial goals that we have heard. What are your financial goals, and how are you planning to achieve them? Whether it’s conventional or unconventional, you have to be focused. Stay determined towards your goals and have a proper plan in your mind. It is always easy to set goals and think of your desires. However, fulfilling them requires effort and hard work. If you wish to achieve something unconventional, you must be ready to face the world. It would help if you had a small plan in mind for fulfilling your dreams and goals.
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