Achieving your life goals (2024)

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Achieving your life goals (4)

Discover how to prepare financially for life’s best-laid plans and unexpected detours.

Hardly anyone follows a single, predetermined path in life. But whatever the stage: strategic planning to build your wealth in the long term and safeguard your standard of living is not easy. When planning your Wealth Way strategies, learn what financial decisions are important at different life stages.

Controlling your own finances and contracts

Graduating and starting work goes hand in hand with a greater need for basic financial services.

What sort of accounts do you need? Do you regularly use foreign currencies? What tools do you wish to access digitally whenever you like?

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Using your income and making your first investments

When you start receiving an income, the question of how to invest sensibly becomes relevant.

How much risk are you able and willing to bear? What short- to medium-term goals and wishes would you like to finance?

Protecting yourself from adverse events

Standing on your own feet financially also means preparing for the unexpected.

What happens if you are unable to work? Who makes decisions for you if you are incapable of doing so yourself? What is covered by your employer and what are you responsible for yourself?

You have big plans, and we know how you can achieve them most efficiently from a financial point of view.

Savings and major expenses

Major expenses, such as buying a home, are often incurred right at the beginning of your life as a couple.
How does this impact the development of your wealth over time? Which investments support your long-term goals and financial flexibility?

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Arranging your joint finances

A shared household also means shared payment flows.
Which accounts support your desired lifestyle best? Who should have access and power of attorney in order to make financial decisions on your behalf? What tools do you wish to access digitally?

A suitable set-up for a shared future

Sometimes life doesn’t go as planned. If the necessary provisions haven’t been made, it can have unwanted financial consequences.
What happens if one income dries up? Will the distribution of your estate under inheritance law match your wishes?

Things are easier when you do them together. This is true for your civil partnership as well as your wealth management.

New responsibilities

Parents want to be certain that their children will be well cared for whatever happens. It is sensible to make various provisions, especially if you have minor children.
Who will look after your children if something happens to you? Who will ensure that the assets they inherit are preserved and used properly?

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Impact on your wealth

Parents’ goals often change when their children are born. They may attach great importance to their education and to fulfilling their dreams. In many cases, this is paired with a phase of reduced income.
What impact do these changed conditions have on the long-term development of your wealth?

A home of your own

A comfortable home is of inestimable value. Even when you have found your dream home, there is a series of important decisions to be made.
What is the best way to finance it? What are the tax implications? How can you make sure you can keep it if unforeseen events occur?

By starting a family, you've decided to take on more responsibility. We’ll gladly help you out.

Invest in the future

Retirement still seems a long way off. Nevertheless, it is sensible to set up your own pension arrangements at an early stage.
Which pension instruments are worth investing in? When and how much? How much opportunity do you have to influence the investment strategy? What happens if your career doesn’t go to plan?

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Assets tied up in the company

Senior managers and the self-employed often have a significant proportion of their income or assets tied up.
What does this mean in fiscal terms? What scope for optimization is available as regards to timing and format?

A property for life

Many people dream of a home of their own. Before deciding on a property, a number of factors need to be considered.
What is its market value? What is the best way of financing it? Will you be able to bear the costs if your circumstances change? What tax and legal aspects need to be considered?

You are ready to invest a lot in your career. We’ll find out together how this pays off for you financially, too.

Ensuring security for the future

Many important milestones in your family and professional life have already been reached. Now the priority is to continue to build up assets for future goals and plans.
How can you safeguard your desired standard of living over the long term? What might cause your plans to go wrong?

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Optimizing the tax burden

Achieving a high level of income leads to a significant tax burden. Tax optimization is particularly worthwhile at this stage. At the same time, family members and foreign assets (if any) need to be taken into account.
What are the fiscal implications? How can you maximize your after-tax income?

Company succession planning

Handing over a company presents complex issues which require considerable time and expertise to resolve.
How can company funds be transferred into private assets in a tax-efficient way? What legal and structural obstacles need to be overcome? Who is the most suitable successor and how can this person finance the takeover?

It’s human to grow weary of too much change. In financial matters, you should therefore bet on what’s sustainable. We’ll show you how.

Assessing the financial situation

Joint assets and retirement assets are divided on divorce. This leads to a significant change in the financial situation. At the same time, two separate households have to be financed.
What does this mean for the long-term living standards of both parties?

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Reorganizing finances and contracts

During the partnership, joint accounts were used and contracts concluded. These now need to be unraveled and adapted to the new circumstances.
Are new or different accounts required? Do standing orders need to be adjusted? Should powers of attorney be canceled or changed?

Taking new family members into account

A new partnership often brings changes in your own priorities, family constellations and financial circumstances. There is often a wish to provide security for the new partner and other family members.
Does the current arrangement suit your new requirements? Are changes to existing inheritance and succession documents necessary?

Plan your new start. If your assets also need restructuring, we’ll gladly help you.

Assessing the future as accurately as possible

Important decisions must be made when preparing for retirement. How you see the future is a crucial factor.
When do you want to stop work? How much do you trust pension schemes? How does health affect your expenditure?

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Withdrawing capital at the right time

Various retirement assets become payable when you stop work. They are taxed differently from other income.
How can the withdrawal be timed correctly – especially for married couples? What are the options for fiscal optimization?

Gauging financial room for maneuver

Your focus is on travel, grandchildren, voluntary activities and realizing personal dreams and hobbies. Robust planning helps you enjoy this precious time without worrying.
What level of expenditure is sustainable? Do you expect any large inflows, for example from an inheritance? What is the impact of unfavorable market developments or longevity?

Enjoy life. Spend this newly-won time with your family and on new passions. We’ll take care of your assets in the meantime.

Making arrangements

Many people feel it is vitally important to know that their wishes will be implemented. In addition, they do not want the transfer of wealth to cause difficulties within the family.

What assets do you wish to hand on? What documents are required? Do special tax rules need to be taken into account, including foreign rules?

Let's talkLet's talk

Contributing to society

People often wish to give something back to society and support the less fortunate ones, environmental projects or other worthy causes.
What do you care about? How should you proceed to ensure that your money gets to the right place?

Involving the next generation

In many cases, some of the assets are already earmarked for the next generation. It therefore makes sense to involve your successors in investment decisions.
When is the right time? Would your children invest the same way as you?

Have you thought about how you would like to pass on your assets with as little conflict as possible? We do this every day.

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Gender wealth gap

Learn how women can narrow the financial gender gap by managing their investments wisely.

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Achieving your life goals (2024)

FAQs

Achieving your life goals? ›

Write down your smaller goals and try to set some dates to do these by too. Having several smaller goals makes each of them a bit easier and gives us a feeling of success along the way, which also makes it more likely that we'll stay on track towards our bigger goal. Plan your first step.

How to achieve your life goals? ›

Here are some effective goal-setting tips on how to achieve life goals to the best of your ability.
  1. Have SMART goals. You're not going to achieve your goals if they aren't SMART. ...
  2. Write them down. ...
  3. 3. Make your goals visible. ...
  4. Break it down. ...
  5. Develop a plan. ...
  6. Take action. ...
  7. Keep perspective. ...
  8. Identify potential obstacles.

What are the 5 steps for achieving your goals? ›

Follow these five steps to stay motivated and increase the chances of fulfilling your goals.
  • Write Down Your Goals. Do you know what your personal goals are – or the motivations behind them? ...
  • Break Each Goal Down. ...
  • Don't Take Things Personally. ...
  • Reach Out to Your Network. ...
  • Act as If You Have Achieved Your Goal Already.

How do you achieve many goals in life? ›

Write down your smaller goals and try to set some dates to do these by too. Having several smaller goals makes each of them a bit easier and gives us a feeling of success along the way, which also makes it more likely that we'll stay on track towards our bigger goal. Plan your first step.

How can I achieve the life I want? ›

8 secrets to getting everything you want in life
  1. Calculate your lifestyle net worth. ...
  2. Move past failure. ...
  3. Change your mindset. ...
  4. Practice 'vibrational giving' ...
  5. Work hard and know your 'why' ...
  6. Slow down and meditate. ...
  7. Develop your network. ...
  8. Focus on self-development.
Mar 7, 2019

What are the four main goals in life? ›

Happiness, success, meaning, and integrity are all worth striving for.

How to achieve success in life? ›

7 Science-Backed Secrets for Achieving Success in Life
  1. Increase Your Confidence by Taking Action. ...
  2. Broaden Your Definition of Authenticity.
  3. Improve Your Social Skills. ...
  4. Train Yourself to Delay Gratification. ...
  5. Demonstrate Passion and Perseverance for Long-Term Goals. ...
  6. Embrace a “Growth Mindset” ...
  7. Invest in Your Relationships.

What is the best key to success? ›

10 key factors to success
  • Acquiring relevant education and skills. ...
  • Cultivating good habits. ...
  • Having a positive attitude. ...
  • Learning from your mistakes. ...
  • Being open to new things. ...
  • Taking risks. ...
  • Working hard. There can be no substitute for hard work. ...
  • Always being prepared. Preparation is crucial to achieving success.
Jun 21, 2024

How to plan your life? ›

There are just five steps to it.
  1. Step 1: Identify your goals. To create your life plan, start by setting clear goals. ...
  2. Step 2: Map out your action plan. ...
  3. Step 3: Implement your plan. ...
  4. Step 4: Review regularly. ...
  5. Step 5: Celebrate milestones.
Jan 31, 2024

Is it okay to have no goals? ›

It's still important to have a sense of purpose and direction in life, even if that purpose is simply to live a happy and fulfilling life. Without any specific goals, we're free to focus on personal growth, relationships, and making a positive impact on the world in our own unique way.

How to come up in life? ›

You'd be hard pressed to find any high achiever who doesn't live by the following 7 tips:
  1. Take No Less than 100% Responsibility for Your Life. ...
  2. Be Clear Why You're Here. ...
  3. Decide What You Want. ...
  4. Believe It Is Possible. ...
  5. Believe in Yourself.

How to actually achieve your goals? ›

Seven simple steps to achieving your goals
  1. Write down your goal. Get your goal out of your imagination and on to a piece of paper. ...
  2. Set a deadline. Set a target date by which you will complete your goal. ...
  3. Work on your mindset. ...
  4. Develop your skillset. ...
  5. Take the first step. ...
  6. Continue to completion. ...
  7. Reward yourself.

How to set a goal in life? ›

Envision the things you really want from life, then set SMART targets:
  1. Specific: Clearly define what you want. ...
  2. Measurable: Add some numbers or markers to track your progress. ...
  3. Achievable: Ensure it's realistic. ...
  4. Relevant: Your goal should align with your broader life objectives. ...
  5. Time-bound: Add a deadline.
Oct 30, 2023

What is a unachievable goal? ›

Unrealistic Goals are goals that set a person up for failure because they are unattainable. In setting unrealistic goals, consumers sabotage their own success. Setting S.M.A.R.T. Goals can prevent this from happening.

How can I achieve my daily goal? ›

  1. Set realistic goals. Doable, with enough time alloted for each + some buffer time and time for rest. Rest is important. ...
  2. Make a to-do list. Based on what works for you.
  3. Take care of your health. Don't allow healt.
Jan 2, 2023

What are the 7 steps of goal setting? ›

How to develop a goal-setting process
  • Conduct a self-assessment. ...
  • Write down potential goals. ...
  • Convert these objectives into SMART goals. ...
  • Build an action plan to meet these goals. ...
  • Map out a timeline and set deadlines. ...
  • Get started on your goals. ...
  • Check in on your progress regularly.
Feb 27, 2023

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