Jehan Divecha - How to get on the fast-track to your financial goals
                     
Jehan Divecha - There's no doubt that being well-off financially is 
every person's dream. You'll get to do anything you want, whenever 
you want and be able to live life on your own terms. But living this 
dream is not as easy as it sounds. It requires a lot of hard work, 
sacrifice in some cases and knowledge of the right things to do if you 
want to make a lot of money.
Step 1: Figure Out Your Financial Goals
According to Jehan Divecha, No matter your age or where you 
are in your career, it’s never too late to start thinking about your 
financial goals. But before you can start working towards them, 
you need to take a step back and figure out what they are.
This may appear to be a challenging task, but it does not have to 
be. sit down and make a list of all the things you want to 
achieve financially. Do you want to retire early? Buy a house? 
Start your own business? There are no wrong answers here, so 
don’t be afraid to dream big.
Once you have your list, it’s time to start getting specific. How 
much money do you need to accomplish each of your targets? 
When do you want to achieve them? This will help you create a 
timeline and plan of action for reaching your goals.
Remember, your financial goals are unique to you and should reflect 
your personal values and aspirations. So take the time to figure out 
what they are, and then get started on the path to achieving them.
Step 2: Budget Time for Your Goals
The second step to getting on the fast-track to your financial 
goals is budgeting time for your goals. This means setting 
aside a certain amount of time each week or month to work 
on your goals, says Jehan Divecha.
For example, if you have a goal to save $1,000 over the course 
of a year, you would need to set aside $83.33 each month to 
reach that goal. If you can only commit to setting aside $20 
each week, it will take you 50 weeks to reach your goal.
Working towards your financial goals doesn’t have to be a 
chore. In fact, it can be fun! Set aside some time each week or 
month to work on your goals and make progress towards a 
brighter future.
Step 3: Track Your Spending and Find Where You Can Save
If you want to get on the fast-track to your financial goals, it's 
important to track your spending and find areas where you can save 
money.
Jehan Divecha says, One way to do this is to use a budgeting app or 
spreadsheet to track your income and expenses. This will assist you in 
determining where your money is going and where you may cut back.
Another way to save money is to shop around for better deals on 
things like insurance, utilities, and groceries. Don't be afraid to 
negotiate or switch providers if you can get a better deal elsewhere.
Finally, make sure you are automatically saving for retirement and 
other long-term goals. Even if it's just a small amount each month, 
putting money into savings will help you reach your financial goals 
faster.
Step 4: Start Contributing to Retirement Plans
It's never too early to start contributing to retirement plans. 
The sooner you begin, the longer your money has to grow. 
There are a few different types of retirement plans, but the 
most common is IRAs.
IRAs are Individual Retirement Accounts that anyone can set 
up. Traditional and Roth IRAs are the two basic forms of IRAs. 
Traditional IRAs offer tax breaks now, while Roth IRAs provide 
tax-free growth.
No matter which type of retirement plan you choose, the 
important thing is to start contributing as soon as possible. The 
earlier you begin to save, the better off you will be in the long 
term.
Step 5: Start Saving
According to Jehan Divecha, Start saving for your future as early as 
possible. The earlier you start saving, the longer your income has to 
increase. Begin by setting aside a small amount each month to start 
building your savings. Once you've established a solid foundation, you 
may start raising your monthly savings.
Saving money may not be the most exciting way to spend your hard-
earned cash, but it is one of the smartest things you can do for your 
future. A solid savings plan will help you reach your financial goals and 
provide security in case of an unexpected emergency.
There are many different ways to save money, so find a method that 
best suits your needs. You can open a savings account at your local 
bank or credit union, invest in a certificate of deposit (CD), or even 
create a budget and set aside cash each month. No matter how you 
choose to save, the important thing is to get started today!
Step 6: Boost Returns with Different Investments
The final step to getting on the fast-track to your financial goals is to 
boost returns with different investments. 
Different investments offer different levels of risk and return, so it's 
important to do your research before investing any money. However, 
if you're willing to take on a bit more risk, investing in high-yield 
investments can help you reach your financial goals quicker.
Jehan Divecha says, There's no single answer to the question of how 
to get on the fast-track to your financial goals. However, by taking a 
few key steps and being mindful of your spending, you can put 
yourself in a much better position to achieve your targets. First and 
foremost, create and stick to a budget. Secondly, start saving as early 
as possible and invest in a mix of assets to reach your goals quicker. 
Finally, don't forget to stay disciplined—if you want to maintain your 
progress, you'll need to keep up the good work!