How to reach your life goals

How do I plan, financially, for all my big ambitions?

By having a plan with clear financial goals, you can potentially reach your ambitions faster.

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What are life goals and how do I set them?

Investing with your important goals in mind can be hugely motivating.

Looking at your bucket list it might include a home of your own, a dream wedding, the holiday of a lifetime, supporting your children through university, or whatever else you might want to do, it’s best to get planning!

When you plan, you can work out:

  • How much it’s going to cost
  • What you need to save every month for bills, mortgage, groceries etc and then how much you have available to invest
  • How to use investing to help grow your money and reach your goals faster.

Separate the short-term from the long-term

For the goals that you want to achieve soon, it makes sense to save your money where it can potentially grow and you can access it easily. You can use interest-paying savings accounts or specially designed low-risk investment funds which will invest your money but still let you convert it to cash when needed.

Short-term goals might include:

  • A new car
  • A house deposit – depending on when you want to buy
  • A renovation project
  • Building a family.

Ready to plan for your longer-term goals?

Investing in funds designed for longer-term growth makes sense for goals that are further away, such as:

  • Sending your children to university
  • Moving up the property ladder to your forever home 
  • Paying off your mortgage
  • Retiring.

Ideally, this kind of investing should allow you to grow your money over years but it’s not always guaranteed.

Set new goals

When you reach one investment goal, you may find you have money to spare, which you can roll forward into your next future goal. Hopefully, investing regularly will make you comfortable to make big plans for your money.

It’s easier to start small by making regular payments into the investments you have chosen.

Steps to remember

The more you plan and invest for those big goals, the more likely they might happen.

For short-term goals, saving or investing in short-term, low-risk funds is the solution. For longer-term goals, find out about investment options that could help to get you there faster. Remember though, returns are not guaranteed and a loss of the capital invested may occur.

We offer a wide range of investments designed to help you achieve all your goals.

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Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 08 May 2024. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results. 

Date of first use: 1 July 2024

Doc ID: 3578148

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