Financial Goals for 2009 (part 7)

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We are looking at financial goals for the New Year. MSN Money lists 6 financial milestones to reach before age 30. If you are already over 30, these milestones are still worth looking into, but the real question is whether or not these milestones are good goals. Today we will be looking at the sixth and final milestone.

1. Scale back the credit cards

2. Own a home — or have a plan

3. Have skills

4. Give money away

5. Know thyself

“Know smart people”

This final milestone is perfect for everyone reading this blog, because for the most part this is exactly what you are doing. No one knows all of the answers. The President of the United States, said to be the most powerful man in the world, surrounds himself with smart, capable people. The Bible says in Proverbs 12:15:

The way of a fool is right in his own eyes,
But he who heeds counsel is wise.

Did you get that, if you seek advice from other people before making decisions you are considered wise, from a Biblical perspective. Seeking advice from others does not mean you have to do everything that people tell you. Surrounding yourself with smart people, gives you the advantage of making better decisions, but they are still your decisions. Don’t simply follow the crowd, take time to understand your options and weigh the possible outcomes against your risk tolerance and then move forward.

Don’t worry about making mistakes, because even with good counsel there will be times when you make the wrong decision, just learn from the mistake and don’t repeated it.