{"id":200,"date":"2016-05-23T04:02:11","date_gmt":"2016-05-23T04:02:11","guid":{"rendered":"http:\/\/blog.kuvera.in\/?p=200"},"modified":"2017-05-12T04:33:08","modified_gmt":"2017-05-12T04:33:08","slug":"021-goal-visualization-and-planning-1-of-4","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/021-goal-visualization-and-planning-1-of-4\/","title":{"rendered":"Goal Visualization and Planning (1 of 4)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e84dcfd6efb\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69e84dcfd6efb\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/021-goal-visualization-and-planning-1-of-4\/#Its_easy_when_you_know_how\" title=\"It&#8217;s easy when you know how\">It&#8217;s easy when you know how<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/021-goal-visualization-and-planning-1-of-4\/#Try_Goal_Visualization_for_yourself\" title=\"Try Goal Visualization for yourself\">Try Goal Visualization for yourself<\/a><\/li><\/ul><\/nav><\/div>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-203 size-medium\" title=\"Harnessing Goal Visualization for a better financial future\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2016\/05\/Visualize-300x300.jpg\" alt=\"Goal Visualization\" width=\"300\" height=\"300\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2016\/05\/Visualize-300x300.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2016\/05\/Visualize-150x150.jpg 150w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2016\/05\/Visualize-768x766.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2016\/05\/Visualize-1024x1022.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Let&#8217;s start with a simple example of Goal Visualization. I belong to a middle class family. As a kid, I used\u00a0to save Rs 50\/month from my pocket money (Rs 100\/month) to buy Music CDs and Cassettes (Yes, I was a kid that long ago!).<\/p>\n<p>My mother, then working, used to put aside Rs 1,000 a month in a secret stash. And then\u00a0used to buy cool stuff for my younger brother and me. Such as our cricket kit or a musical instrument, a big music system. We got to know of this stash only after we got older, moved out and got married etc. This is the story of many households across India with money put aside in a piggy bank (\u2018Gullak\u201d), or a kitchen container or in the cupboard&#8217;s secret pockets. Sometimes, it\u2019s just the small change that adds up to a lot over time.<\/p>\n<p>The goals in the above examples can be \u201cChildren Progress\u00a0fund\u201d or a \u201cVehicle Purchase fund\u201d or even an \u201cEmergency Fund\u201d. The above examples are a reflection of how we think and create mental accounts. By putting money aside in different mental accounts, bring in the discipline to save towards and achieve the objective. The bottom line, once you set a goal, you start to\u00a0plan and do all that\u2019s necessary to achieve it.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Its_easy_when_you_know_how\"><\/span>It&#8217;s easy when you know how<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Goal Visualization is the first step of planning\u00a0and can be broken down into the following components:<\/p>\n<p>1 <strong>What<\/strong> do you want to achieve?<\/p>\n<p>2<strong> How much<\/strong> will you need?<\/p>\n<p>3 And <strong>by when<\/strong> will you need it?<\/p>\n<blockquote><p>Visualization helps to move goals from the sub-conscious to the conscious and acts almost like a promise to oneself.<\/p><\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"Try_Goal_Visualization_for_yourself\"><\/span>Try Goal Visualization for yourself<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>So set yourself some goals today and see how it works wonders. If you are just starting out, it\u2019s even more important as even good habits die hard. Some goals that you can plan for include Studying Abroad, Marriage, Buying a Car, Buying a House, Foreign vacations, Kids\u2019 Education, Kids\u2019 Marriage etc.<\/p>\n<p>This is Part 1 of a 4 part series on Goal Visualization and Planning.<\/p>\n<p>Coming up Next: <a href=\"http:\/\/blog.kuvera.in\/023-goal-visualization-and-planning-2-of-4-the-house-goal\/\">The House Goal<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Visit <a href=\"http:\/\/www.kuvera.in\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.kuvera.in<\/a> to invest in &#8220;Direct Plans&#8221; of Mutual Funds and save BIG on commissions!!!<\/p>\n<p>#MutualFundSahiHai #KuveraSabseSahiHai<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s start with a simple example of Goal Visualization. I belong to a middle class family. As a kid, I used\u00a0to save Rs 50\/month from my pocket money (Rs 100\/month) to buy Music CDs and Cassettes (Yes, I was a kid that long ago!). My mother, then working, used to put aside Rs 1,000 a [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/021-goal-visualization-and-planning-1-of-4\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":3,"featured_media":203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[88],"tags":[92,47,43,48],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Goal Visualization and Planning (1 of 4) - Kuvera<\/title>\n<meta name=\"description\" content=\"Goal Visualization is a powerful tool to achieve your goals. And it applies to financial planning too. 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