E52: What No One Tells You About Reaching Your Financial Goals

Throughout the month of August, Mills Knows Bills has been covering a host of topics relating to financial goals and how to achieve them. In this final episode of the financial goals series, Mills shares a little secret that is not often addressed when you do finally reach the goal or goals that you have been saving towards…it feels kind of weird!  The thing about saving is that it becomes a habit and like any habit, it develops into a routine that becomes part of our daily, weekly, or monthly schedule. When you do reach a financial goal for say a downpayment on a house it can be a bit odd and even a little scary to see all that money seemingly "disappear" all at once.  Mills is here to remind us that large purchases such as a house don't simply obliterate the huge amount of savings required to obtain them, but rather, your money has simply switched from a liquid asset to a large piece of equity. Yes, it can still feel a bit scary to have spent all that money on one purchase, but remember that by doing so you are putting your money to work for you, and barring any unforeseen disaster or market collapse you will get that money back and more when it comes time for you to sell your home and take the next step in your financial journey and more importantly your life journey! Topics Include:  The Strange Feeling of Reaching a Goal How Liquidity Becomes Equity  The Power of Good Financial Habits Continuing to Make Long-Term Goals Follow Mills Knows Bills: Website: https://www.millsknowsbills.com Instagram: https://www.instagram.com/millsknowsbills Youtube: https://www.youtube.com/millsknowsbills TikTok: https://www.tiktok.com/@millsknowsbills LinkedIn: https://www.linkedin.com/in/ameliabender Facebook: https://www.facebook.com/millsknowsbills Twitter: https://twitter.com/bendermills Pinterest: https://www.pinterest.com/millsknowsbills