Dreaming big is a good thing when it comes to your life. However, it also comes with a lot of unwanted opinions from others. They may call themselves realists, but let’s be honest, they’re just dream killers.
When it comes to your finances, don’t be afraid to set your goals high as well – dreaming big is also a good thing. Don’t be afraid to aspire to goals that go against the norm. Having big goals and taking baby steps to achieve them much better than staying stagnant in your financial situation for years.
Here’s how to deal with the financial dream killers in your life.
1. Ignore the dream killers
There will always be negative people in your life. Better to just ignore them.
For example, my husband and I set a lofty goal to be completely debt-free and mortgage-free in ten years. We received many comments about our goal. Well-meaning family and friends told us everything from “it’s good to have debt” to “you can’t do it. This is a stupid idea.” Many times we’ve been urged to buy things we don’t need, like a new car, cable, or sending a toddler to daycare. But we do not agree with this, because we have other priorities.
That’s what it’s all about when it comes to your financial goals. These are your goals, no one else’s. So it shouldn’t matter how many naysayers you have. We live in a time where being debt free and living well within your means is so ridiculous that if you tell others you want to live like that, it makes no sense to them.
2. Don’t try to change their minds
I have one brother-in-law who thinks it’s smart to get a new car every three years because a car loan is actually the best financial solution. It’s much easier to let him have his opinion and a nice new car because it’s his opinion. In the meantime, I can enjoy the benefits of my seven-year-old car with no payments because it’s my choice.
When it comes to your personal financial goals, don’t change people’s minds or argue about itespecially if it’s just you and your money.
When I wrote about refinancing my house into a 15 year loan, some people felt pretty strongly that we were making the wrong decision and insisted that we should have stayed with the 30 year loan.
However, at the end of the day, my opinion was the only one that mattered, as the financial decision I made only affected me, not them. You can apply this principle in your life. Opinions are heard so often that paying attention to them is a waste of time.
And if you think people want to give their opinions on your financial decisions, just wait until you have a new baby and watch the opinions pour in.
3. Focus on your actions
Whatever your financial goals, actions always speak louder than words. Do you want to show your family that you can be debt free or smart with your money? Then set goals and actions to accomplish them. Turn your goals into action, and action into completion.
A great place to start is by reading the archives of this blog or book Dream Save Do Warren and Betsy Talbot.
Remember, these goals are ultimately yours. If you set a lofty goal and only accomplish half of it by the deadline, you’ve still made much more progress than if you hadn’t set any goals.
At the end of the day, be your biggest fan and don’t rely on the approval of others for any financial gain.
Do you have a few dream killers in your life? How do you feel about their opinions about your financial goals?