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What is one method for developing personal financial goals? What could stand in your way of...

What is one method for developing personal financial goals? What could stand in your way of reaching these goals?
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One can use the is the life cycle approach. Under this method, the incomes and the goals of the individual through out his life time are considered. Also the family net worth , income of each member of the family and the martial status is taken in to consideration to determine the financial goals. One way that could stand in the way of reaching financial goals are contingencies that may divert the finances to issues like health or death of a family member and may delay reaching your goals.

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