The first step in successful investing should be to define measurable and attainable goals. Your goals are what you are hope to do financially. It’s helpful to ask yourself, “Why do I want to invest?” There are lots of goals, so really think about what you really want.
How can you make a goal and pursue it?
Step 1: Define Your Goals
We expect our members to be able to clearly define what is it that they are expecting through their investments and help track how close they are to attaining it. Here are some things you can invest into:
- building up your retirement funds;
- buying a vacation home;
- starting a new business;
- wedding expenses;
- take a special vacation.
Rather than just doing all this in your head – write it down. Putting your goals on paper makes them more “real” and you’ll be more likely to think about them. Plus, you can share your goals with your spouse, family or friends – which can give you a little motivational push.
Step 2: Decide How Much You’ll Need
The next step is to attach a dollar figure to each goal. With some goals, it’s easy to say how much you’ll need: for example, you plan on giving your daughter $5 000 to help pay for her wedding, or you want to save $10 000 for a trip to Antarctica. It is important that you are able to financially quantify the amount of money you will need in order to attain your goal. Once you have a list of goals and financial objectives for each, it’s easier to plan your budget.
Step 3: Creating The Goal with Cointree
Once this is done, login to your account, click on the “Add goal” button, leave a suitable title for the goal — one that is optimistic and leaves you with positive sentiments each time you see it. Once done, enter the sum and the amount you have in order to attain it. Our internal system calculates and responds with the amount of time needed to help you attain it.
See the detailed instructions if you experience any difficulties creating the goal.
Step 4: Tracking Your Goals
Now you can track your goals in “YOUR GOALS” section of your account. Your goals amounts will grow every day until they reach the target amount and even then they will continue to grow until you withdraw your coins.
Step 5: Withdraw Your Coins
Once your goal achieved you can withdraw your coins to your wallet and sell them to get your profit and spend it as you want.