Welcome back to Business & Budgets. In this post we will be discussing how to set your financial goals and execute them. There are four steps to this process and if you follow them, you will be well on your way to making your dreams come true.
FIRST: DECIDE what you want. Be serious with yourself, what do you really want out of life? Ponder these questions as you make these decisions:
Where would you like to live?
What type of work would you like to do?
What kind of diet and lifestyle will you maintain?
How often would you like to travel?
What kind of life would you like to provide for your child(ren)?
What would you like your business to be like?
SECOND: Determine if those goals ALIGN with your current lifestyle? If they do not, how will you fill the gap? What sacrifices would need to be made? What lifestyle behaviors would need to be changed? Are you willing to make these changes in order to manifest your goals? Be realistic with yourself as you re-access your goal list, what needs to be removed?
THIRD: PLAN SMART Goals (Specific, Measurable, Achievable, Relevant, Timebound). This acronym will ensure you are setting realistic and relevant goals:
S-what are you doing, use adjectives
M-how will you track progress
A-can you get it done? Do you have the resources and ability?
R-does it make sense? Is it really a financial goal?
T-when will it be done? Put deadlines on your steps to the goal too!
Mapping out your goals with specific will increase your likelihood of achieving your goals
FOUR: Bring it to life, DO IT! If you are going to live the life of your dreams you better start executing those goals, one task at a time. Here's some goals of mine that I have set for my future, everyday I strive for these things. This isn't an all inclusive list but here are a few financial goal examples from my life:
Spend less than $300 a month on food
Pay off one credit card by 5/30
Save $5,000 before Bae comes home
Buying a house before Deuce started kindergarten
Retire by 35
See my first million by 30
Homeschool my children
Provide release centers for men/boys in local neighborhoods, grants or independent funding
Become a serial entrepreneur of both need based and product based businesses
Become a best selling author
Allow and assist Deuce with building the brand of his dreams
Purchase my truck before 2020
Purchase my second property before 4th quarter of 2019
Regardless of your goals, don’t compare your journey and goals to others!!! It will not make you happy. You need a very particular mindset in order to use comparison to motivate you. If you can find an accountability partner, use them! Check in with each other weekly, daily if you need to. This will assist you in meeting your goals without so much resistance.
I'm thinking of making an accountability group which would consist of weekly conference calls and check-ins about goal progress. Would you be interested? If so, send me an email (firstname.lastname@example.org) or DM (@sonshine_enterprise) and tell me what would work best for your schedule for these calls: Morning or night? Which day of the week?
You can reach your goals! Make a plan, be consistent and watch it happen!