Assessing Your Financial Situation and Setting S.M.A.R.T. Goals
Learn how to calculate your net worth and set financial goals that you'll actually stick to.
Welcome to Assessing Your Current Financial Situation and Setting S.M.A.R.T. Financial Goals! This is one of my very favorite topics, because I believe it sets the stage for so much of our other financial progress.
In this module, we’ll start by helping you answer an important question: what does my current financial situation even look like?
This includes digging into everything you have (your assets), everything you owe (your liabilities), and then using this information to calculate your net worth. This exercise is a fantastic way to get a lot of financial information in one place.
Taking the time to get organized and understand your financial situation is a perfect segue into the second part of this module, which discusses how to set S.M.A.R.T. financial goals.
As humans, we might have a vague idea of what we’re trying to accomplish, but we rarely take the time to fully flesh out our goals into something actionable and measurable. Don’t worry, our 6-step goal setting process will help change that!
To wrap up our work in this module, we’ll turn your S.M.A.R.T. goals into an action plan, since following through can be the hardest part of goal setting.
I’ll be sharing all the tips and tricks that I use with my clients to help make their habits stick, so that you can try them out and kick ass for months after this course is over.
No matter your current skill level, our step-by-step course will give you the tools and resources you need to make informed financial decisions.
This course is divided into three sections, containing over a dozen videos, as well as a 30+ page workbook containing templates, video notes, and exercises, and other bonuses.
Together, we’ll cover the following topics:
- What your net worth is and how to track it over time.
- What you are currently trying to accomplish with your finances.
- How you will measure and stick to your S.M.A.R.T. financial goals.
My name is Michelle Waymire, and I’m the founder of the Young Scrappy Money Academy, a financial education platform geared towards serving young investors. My passion is providing approachable, actionable financial literacy education to recent graduates, young professionals, artists/entrepreneurs, and LGBTQ+ folx.
I hold my Master’s in Business Administration from the University of Tennessee, I’m a Chartered Financial Analyst (CFA) charterholder, and have been quoted/featured in US News, Glamour, Bustle, local NPR, and many more.
When I’m not helping my clients kick butt at all things money-related, I enjoy baking, self-deprecating humor about avocado toast and Burning Man, and bears. I am a sometimes runner, an all-the-time coffee addict, and once built the Disney castle out of Legos. If you ask nicely, I will show you too many pictures of my dogbabies, Harvey and Momo!
I am also a fiduciary financial advisor and financial coach; you can read about my advisory work at www.youngandscrappy.com.
Start2.1: Introduction to Setting S.M.A.R.T. Financial Goals (1:51)
Start2.2: The S.M.A.R.T. Goal Setting Process (2:25)
Start2.3: Brainstorming Financial Goals (3:47)
Start2.4: Prioritizing Financial Goals (2:43)
Start2.5: Creating S.M.A.R.T. Financial Goals (3:46)
Start2.6: How to Quantify Your Goals (5:25)
Frequently Asked Questions
Reaching your financial goals starts with setting solid goals! Join us as we set S.M.A.R.T. goals together--and learn how to actually reach them over time!