Certain financial goals are written about over and over again.

But what happens after you have more or less met those financial goals? What do you do next?

Raise your standards!

raise your standards for financial planning

Sure, you may be doing better financially than your friend from high school or college, your cousin, even your parents. But so what?

You can do better.

Here are some ideas you may want to consider:

  • If you are saving enough in your 401k to get the company match, keep going. Increase your contributions until you are maximizing the IRS limit.
  • If your emergency fund in cash saving is a comfortable amount for your needs, start a monthly contribution to a brokerage account.
  • No more credit card debt? Make a plan to pay off those student loans or the mortgage.
  • Own your home? You may want to pay off your mortgage, or speed up your payment plan.
  • College expense in your future?  Start a 529 college savings plan or seek to maximize your contributions.

What’s the point of all this?

These actions are all good steps to help increase your financial independence and confidence, and freedom.

So, if you are meeting your standards, that’s a big accomplishment. Congrats.

When you are done patting yourself on the back, RAISE YOUR STANDARDS.


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Any opinions are those of Sara Stanich. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

Sara Stanich

Sara is a CERTIFIED FINANCIAL PLANNER™ practitioner, Certified Divorce Financial Analyst, and founder of Cultivating Wealth.

She lives in Montauk, NY with her husband, 3 kids and Labrador puppy.
Sara Stanich

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