What's one financial goal you're currently working towards? What steps are you taking to achieve this goal?

Question

Financial goals are crucial for personal and business success. This article presents a diverse range of financial objectives, drawing on expert insights from various industries. From scaling businesses to strategic investments, these examples offer practical guidance for achieving financial milestones.

Karl Threadgold · Answer

My big money target is moving five big B2B SaaS firms from one-off implementation fees to £5k-a-month tune-up retainers by December. We just wrapped a pilot last month where I spent one afternoon each Friday cloning dashboards, and that small client's churn dropped to zero. Seeing that win, I asked Emily, our lead PM, to write up the playbook; we now run one-hour workshops every Tuesday to show prospects the dashboard before they sign. Bottom line: if we land seven more pilots like that, we'll crack our £3 mil ARR dream without hiring a dozen new consultants.

Yad Senapathy · Answer

I am planning to acquire a building that can serve as the permanent headquarters for PMTI. Currently, we are renting spaces in various locations across different cities. Having our own dedicated training center would eliminate the need for continually renewing leases and allow us to fully customize the way we deliver our on-ground programs. I am looking to purchase a commercial property priced between 2.5 to 3 million dollars, which is spacious enough to host major bootcamps and corporate training sessions, while still having ample room to accommodate our content production team.
I am setting aside a specific percentage from each training group and allocating it to a special property acquisition fund. I have put any unwarranted expansion plans on hold this year and have reorganized our budget to transfer $20,000 monthly into that account. I also have a commercial broker who is reviewing properties with me on a quarterly basis, and I have narrowed it down to two that meet our layout and zoning requirements. The strategy is to make the purchase within 24 months with a 50 percent down payment, which will help keep the mortgage impact low. This approach keeps us in control, provides predictable costs, and secures a long-term asset supporting our training mission. It is not solely about growth; it is about stability, sustainability, and ensuring that every dollar we earn is reinvested into our mission.

Mark Harrell · Answer

My current financial goal is opening a second Scrubs of Evans location by late 2025. After 16 years at our Washington Road spot, we've built enough brand recognition in the CSRA healthcare community to support expansion.
The key step I'm taking is reinvesting 30% of our monthly profits back into inventory diversification rather than taking it as owner distributions. Last quarter, I used this strategy to add Healing Hands Purple Label scrubs to our lineup, which retail for $60-80 versus our typical $35-45 range.
This higher-end inventory move paid off immediately - our average transaction increased by $23 within two months. Healthcare workers are willing to pay premium prices when they find scrubs that actually fit properly and last through constant washing.
I'm also tracking foot traffic patterns during different hospital shift changes to identify the optimal location for store #2. The data shows our busiest hours align with 7 AM and 7 PM shift swaps, so I'm scouting retail spaces near Augusta University Medical Center and other major healthcare facilities.

Billy Gregus · Answer

My current financial goal is building a recession-proof cash reserve equal to 8 months of operating expenses - roughly $240K. Running an HVAC company in Florida means dealing with hurricane seasons, supply chain disruptions, and economic uncertainty that can hit small businesses hard.
The main step I'm taking is implementing what I call "integrity pricing" - never competing on price alone, but focusing on value delivery that justifies premium rates. This approach increased our average job value by 32% this year, allowing us to save aggressively while maintaining quality standards. When customers understand why proper HVAC sizing matters more than just installing the biggest unit, they're willing to pay for expertise.
I'm also leveraging our flexible financing partnerships to accelerate cash flow without waiting for customer payments. Last month, we closed a $15K commercial HVAC job where the client used our financing option - I got paid immediately while they spread payments over 24 months. This strategy has shortened our cash conversion cycle from 45 days to under 10 days.
The unexpected benefit has been sleeping better at night knowing we can weather storms - literally and figuratively. When Hurricane Ian hit nearby areas, we had the cash reserves to stock up on emergency repair parts while competitors scrambled, turning crisis into opportunity.

HJ Matthews CREIP · Answer

My current financial goal is building a $5 million commercial real estate portfolio by 2026. Currently, I'm at approximately $2.8 million, so I need to acquire roughly $2.2 million more in properties over the next two years.
The key step I'm taking is focusing exclusively on off-market deals through my company Commercial REI Pros. Last month, I closed on a 12-unit apartment building in Auburn Hills for $340K that was 60% occupied - the seller wanted to exit quickly due to tenant issues. After some minor renovations and improved tenant screening, it's now 92% occupied and worth about $480K.
I'm also utilizing creative financing strategies like seller financing and assuming existing loans to preserve cash flow. On that Auburn Hills deal, I only invested $68K and convinced the seller to carry a second mortgage for part of the purchase price. This approach allows me to keep more capital available for the next deal instead of tying it all up in one property.
My digital marketing background provides me with a significant advantage in finding these deals before they appear on the MLS. I'm running targeted campaigns to property owners who might be ready to sell, which is how I discovered that Auburn Hills property and three others this year.

Daniel Welch · Answer

My current financial goal is to reach $100K in annual revenue by 2025, which means scaling from my solo operation to a proper team. After six years of performing pest control for the Department of Defense in Afghanistan, I learned that sustainable growth comes from systems, not just hard work.
The game-changer has been reinvesting every dollar from our Lego Dan photo contest and community activities back into equipment and training. When I started giving out those little Lego figures of myself, customer retention jumped because people actually remembered us. Now I'm channeling that $3K monthly boost directly into hiring my second technician.
I track every service call and follow-up through our customer platform, treating each callback like mission-critical intelligence from my military days. The data showed that our solar panel exclusion services generate 40% higher margins than general pest control, so I'm allocating 60% of marketing spend toward that specialty.
The biggest step was replacing my old cash-and-checks system with digital payments. Clients told me it was their second-favorite change after the Lego Dan nickname, but more importantly, it cut my accounting time in half so I can focus on revenue-generating activities instead of paperwork.

Mark Spivak · Answer

Right now I'm pouring every extra dollar into building CPT's new service-dog certification track so we can pay our senior trainers what they're truly worth. Last month we mapped out a three-tier program, ran a quiet test class with four local veterans, and every single dog passed the public-access test on the first try—proof the curriculum works. My next move is to tuck $600 from each current board-and-train into a 'new-handlers fund' so we can offer full scholarships to two veterans a quarter while still growing the pot for our staff raises.

Alex Schepis · Answer

As a business owner and Level 2 Electrician, one financial goal I'm working towards right now is strengthening the long-term stability of Lightspeed Electrical by building a steady cash reserve. The electrical industry can be unpredictable at times—work can swing from quiet weeks to months where we're booked out nonstop. Having a strong buffer means I can keep paying my team, invest in better tools, and continue to take on bigger projects without stressing about cash flow.
The way I'm approaching it is simple but disciplined. First, I treat every large project as an opportunity to split earnings into three buckets: immediate operating costs, reinvestment into the business, and savings. It's tempting to plow everything back into growth, but I've learned the hard way that without a safety net, you're always one unexpected expense away from real problems.
Second, I've put systems in place to track every expense in detail. Just like when you're wiring a switchboard, every connection has to be clear and accounted for. I look for unnecessary outgoings and cut them without hesitation. For example, I reviewed subscriptions, suppliers, and fuel usage, and the savings from small adjustments added up quickly.
Third, I reinvest strategically. Instead of chasing every shiny new piece of equipment, I prioritize gear that saves us time on the job or improves safety. Time saved means more jobs completed, which translates directly into healthier margins.
I recommend this approach to other entrepreneurs because financial discipline in business isn't about making one big move—it's about building habits that keep you steady no matter what the market throws at you. For me, growing that reserve gives peace of mind and lets me focus on what I do best: delivering reliable electrical solutions to my clients without cutting corners.

Peter Murphy · Answer

Establishing a six-month cash cushion to allow TrackSpikes to endure seasonal changes in sales. Track and field have peak times during spring and summer meets; however, costs remain the same throughout the year.
I will be automatically saving 15 percent of monthly revenue in a savings account. This comes prior to payment of any other business expenses. The fact that savings should be treated as a fixed cost will guarantee that it takes place.
We are also negotiating longer payment terms with our suppliers to enhance the timing of the cash flow. The 60-day terms as opposed to 30 days provide us with flexibility in winter months when the business is slower.
The idea was born out of observing how other seasonal businesses were unable to cope with COVID lockdowns. Firms that had high cash reserves remained in operation, while others were shut down for good.
I monitor the progress on a monthly basis and modify the percentage of savings in accordance with the sales progress. In peak months, we save more. When it is slow, we may not save as much as before, but we never stop. Perfection does not match consistency in developing emergency funds.

Jimmy Fuentes · Answer

This week, I am pursuing a duplex in Fresno that I have been watching for three months. I have led investors through this hectic market every day, so I figured it is time to practice what I preach.
The statistics support what I have been telling clients: The Central Valley continues to enjoy 8-9% cap rates, whereas coastal markets can barely reach 5%. I cashed out two properties last summer in a cash-out refinance and pulled out $180K when I knew rates were rising. Such timing was likely to save me about $400 each month at current rates.
This is what the majority fail to understand: I am not purchasing for appreciation. Everything is ruled by cash flow. With all expenses, I should gross approximately $700 a month on this duplex.
The difficult part? Pre-qualifying before I close. I learned this lesson the hard way with my Salinas land in 2008. I purchased it and spent four months trying to find good tenants, all the while hemorrhaging money on the mortgage.
My contractor friend walked through the property last week. It needs perhaps $8,000 of updating, but nothing structural. I have seen too many investors fall into the trap of fixer-uppers that become money pits. This one is move-in ready, so there's rental income right away. And that is the difference between wealth creation and cash burn.

Todd Stephenson · Answer

I am in the process of purchasing a second investment property without a loan. The aim is to use the profits Roof Quotes is making to acquire a property that will provide a steady source of income from short-term rentals. I have already found a couple of workable alternatives in Florida where average daily rates are about $200 and occupancy is about 70 percent throughout the year. Each month, I am putting aside $10,000 into a separate account that I do not touch. I am tracking all the deposits manually, and by the time I reach the mark of $350,000, I will buy, furnish, and list the property within 60 days. I am not pursuing quick gains or flipping businesses; I want predictable, recurring revenue with little debt and complete control over the asset. This is both an economic and a strategic objective, as I prefer developing something that is here to stay and not being tied down to external funding, moreover, to outside interest rates.

Peter Xie · Answer

I run a company that manufactures camlock fittings and fluid transfer solutions. It's a niche market, so staying financially sustainable is a priority.
My current goal is to reduce manufacturing costs by 10% while maintaining high quality. I'm achieving this by negotiating better rates with suppliers and re-evaluating our production processes. We have found ways to cut machine downtime and ensure that no raw material goes to waste. Scaling production responsibly means fewer bottlenecks and more savings over time.
Years ago, I missed an opportunity to pivot during a material cost hike. It taught me to monitor expenses regularly instead of waiting for problems to snowball. Since then, I treat every cost as a chance to improve margins without compromising our product's reliability.
If you're focusing on reducing costs, ask yourself, "What adds zero value but consumes resources?" You'll be amazed at what small shifts can do for your bottom line.

Jackie Sons · Answer

One financial goal I'm currently focused on is establishing a robust home maintenance fund to protect my property investment and avoid unexpected financial strain. I've implemented a strategy of setting aside 1% of my home's value each year in a dedicated savings account specifically for maintenance and repairs. By breaking this down into manageable monthly contributions, I'm able to consistently build this important financial safety net without disrupting my regular budget. This approach has proven valuable as it allows me to address home repairs promptly without resorting to credit cards or tapping into my emergency savings. Having this dedicated fund provides both financial security and peace of mind, knowing I'm prepared for the inevitable maintenance needs that come with homeownership.

Ahmed Yousuf · Answer

One financial goal I'm currently focused on is maximizing the cash back rewards from my credit card portfolio. I've implemented a rotating category strategy using multiple credit cards to ensure I'm always earning the highest possible rewards on every purchase. To manage this effectively, I maintain a detailed spreadsheet that tracks all rewards programs and their current offers, while setting calendar reminders to activate quarterly bonus categories. I'm careful to pay all balances in full each month, as carrying any debt would negate the financial benefits of the rewards. This approach has proven quite successful in generating additional income through everyday spending that would occur regardless.

Marta Pawlik · Answer

I am currently in the process of developing a new source of design revenue by introducing a fixed-price interior refresh service to underperforming holiday lets across the Lake District. We have been refining it over the last several months, and I hope to achieve £8,000 in incremental monthly revenue by year-end. This equates to at least four conversions a month with our base price of £2,000.
My approach to achieving this goal will be to repackage our design service into a well-documented, bookable service with examples of past transformations, clear pricing, and optional add-ons like hot tub setup or EV charger installation. I am making our website a source of direct inquiries, simplifying our back office so quotes can be provided within a day, and focusing our advertising budget on property investors and second-home owners who require a quick turnaround. I am monitoring the conversion rate from inquiry to invoice and making changes to how we present the service based on which advertisements receive the highest level of interest. The margins are good, the demand exists, and we already have the local supplier network. I simply have to scale the offer without compromising on the care which makes it work. That is where I am focusing a lot of my energy.

Gal Cohen · Answer

A financial goal I am currently working on is setting up an education fund for my children. I would like them to have all options open when they need to make their choices without the pressure of having to think about tuition or living costs. To me, that means approaching this as a long-term commitment, sort of like a foundation that you are building brick by brick where every contribution counts.
My action plan will be to open a special account that is totally independent of my other investments and personal savings. I will make a monthly transfer of a fixed amount, and it will grow steadily without having to rely on whims or spare money. I will also diversify in that account, combining safe, interest-bearing products with growth-oriented investments so the money is able to compound over time.

Derek Heaven · Answer

My current financial goal is to reach $10,000 in monthly recurring revenue from my online service business.
When I started, I knew I couldn't just go in blind, so I enrolled in a $1,900 comprehensive freelancing course (The Virtual Excellence Academy).
That gave me the foundation to learn a high-demand skill (podcast launch and management) and build a business around it.
From there, I created a clear marketing plan which I consistently stick to:
1) Optimize my presence on LinkedIn
I did this by:
Using a clear headshot for my profile image
Designing a banner that clearly states my services as the cover image
Writing a short, catchy, and to-the-point profile bio
Writing a detailed About section that highlights podcasters' pain points and how I solve them
I consistently post value-based content: podcasting tips, relatable memes, and answers to common podcast questions to position myself as an expert.
I also spend time on the feed, reacting and commenting on posts that resonate with me.
To learn more on how to succeed on LinkedIn, I follow top LinkedIn coach Jasmin (Jay) Alic for insights and inspiration.
2) Optimize my presence on Facebook
I engage in niche communities.
Not to sell, but to genuinely help, knowing that trust naturally leads to referrals and clients.
And building long-term relationships through providing value beats sending thousands of annoying spammy cold DMs.
3) Leverage media opportunities
I use HARO, Featured, SourceBottle, and HelpAB2BWriter to share my expertise and build credibility.
These are part of my daily habits, and I believe they will get me closer to making $10,000 MRR a reality.

Erwin Gutenkunst · Answer

My primary financial goal is to expand our capacity for highly customized stone fabrication without compromising the artisanal quality that defines our work. Instead of chasing rapid scale through mass production, a common but often short-sighted route, we're allocating capital toward specialized machinery, skilled craftsmen, and sourcing relationships that give us rare, historically significant materials. For example, we recently invested in reclaiming and reconditioning a cache of Old World European Limestone, an asset that not only holds intrinsic value but also attracts high-end architects seeking exclusivity. This approach strengthens our margins, differentiates our brand, and builds long-term resilience against market volatility.

Jordan McCaleb · Answer

One financial goal I'm currently working towards is paying off my tax debt. I'm somewhat new to adulthood. Many things surprised me, especially self-employment tax, which caused me to be $1,046 in debt. I understand the IRS tax rules fully now. The steps I'm taking to achieve this goal are as follows: Every 1st of the month, I now track my expenses and income, then any additional income goes towards paying off the debt. Finally, I have cut back on unnecessary expenses, because my current financial health doesn't allow for them.

Ashley Kenny · Answer

I'm diligently saving for retirement because I recognize that one day, my paycheck will end—but my expenses won't. Social Security won't cover everything I'll need for a comfortable lifestyle, so it's critical to build my own financial foundation. Over the years, I've picked up a few smart investing principles that help make the modest sacrifices feel worthwhile. By starting now, I'm leveraging the incredible power of compounding to grow my savings well into the future.
Early and consistent investing—even modest amounts—can deliver impressive long-term results. Sure, markets ebb and flow—sometimes in just one part of a portfolio, other times across the board—but that's part of investing. That's why I'm committed to a diversified strategy aligned with my risk comfort level. In a way, I see it as sending a care package to my future self — making sure I'm taken care of when I need it most. It's about creating financial independence, cushioning against unexpected costs like medical bills or home repairs, and simply having the freedom to live life on my own terms.

Matthew Ramirez · Answer

One of my main financial goals right now is to create a steady flow of income that helps my business grow reliably. To achieve this, I'm working on increasing sales by offering more products and reaching more customers. This strategy involves spending time researching the market to find new opportunities and adjusting my marketing efforts to attract a wider audience. Simultaneously, I'm careful with my expenses by monitoring my operating costs and negotiating better deals with suppliers. Maintaining a clear budget and regularly checking my cash flow helps me make informed decisions and avoid unnecessary expenditures. I'm also setting aside funds to reinvest in new technology and staff training, which can enhance my business's efficiency and innovation. Additionally, I'm exploring alternative funding sources to ensure I have sufficient capital for unexpected challenges or future growth opportunities. Regularly reviewing and adjusting my strategies helps maintain my business's financial health and keeps it on track for long-term success.

Richard Dalder · Answer

I am establishing a dedicated fund for forex trading, designed to generate steady and sustainable returns through informed and prudent participation in the currency markets. My effort includes setting clear, practical objectives that emphasize disciplined risk control. The strategy combines short-term trade decisions with longer-term plans, utilizing a trusted, regulated broker and selecting currency pairs that match my investment profile. I keep up with economic data and market trends to adjust the strategy as conditions shift. Strict adherence to entry and exit rules helps avoid emotional trading, with capital protection as a core focus.

Ali Lijee · Answer

I'm currently putting money back into TreeMend, planning to grow our UK coverage. My main aim is to improve our online visibility so more people can quickly find reliable local tree experts. To make that happen, I'm using some earnings for marketing, SEO, and making the platform better, all while keeping costs down. I've also made a budget that prioritizes putting money back into the business and growing it, which helps me stay on track and focused on the big picture.

23 Examples of Financial Goals

Table of Contents

23 Examples of Financial Goals

Scaling SaaS Retainers for ARR Growth

Acquiring Property for Training Center Expansion

Expanding Scrubs Store with Inventory Strategy

Building HVAC Company’s Recession-Proof Reserve

Growing Commercial Real Estate Portfolio

Scaling Pest Control Business to 100K

Funding Service-Dog Certification Program

Strengthening Electrical Business with Cash Reserve

Establishing Six-Month Cash Cushion for TrackSpikes

Pursuing Duplex Investment in Fresno

Purchasing Second Property for Short-Term Rentals

Reducing Manufacturing Costs While Maintaining Quality

Building Home Maintenance Fund for Security

Maximizing Credit Card Rewards Strategically

Launching Fixed-Price Interior Refresh Service

Setting Up Long-Term Education Fund

Reaching 10K Monthly Revenue from Online

Expanding Stone Fabrication with Artisanal Focus

Paying Off Tax Debt with Budgeting

Saving for Retirement Through Consistent Investing

Creating Steady Income Flow for Business

Establishing Forex Trading Fund for Returns

Reinvesting Profits for UK Business Expansion

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