NerdWallet: Why your money goals may be all wrong

This article is reprinted by permission from NerdWallet.

Setting smart, achievable goals is important if you want to take charge of your financial life. But many of us are surprisingly bad at choosing the goals that actually matter most to us.

Investment research firm Morningstar had 318 people write down their top three financial priorities, then showed them a master list of goals prepared by the researchers. Three out of four investors changed at least one goal after seeing the master list, and one out of four switched their priority.

“We were like, ‘Wow. People don’t really know what they want,’” says lead researcher Ray Sin, behavioral scientist at Morningstar MORN, -1.61% .

>>> Original Source <<<