Goal Setting: Actually Achieve your New Year’s ResolutionsThursday, January 7, 2010

Setting goals is paramount to achieving success at anything we do; from goals of losing weight, eliminating debt or receiving a promotion at work. The problem is many people are very uneducated on how to properly set and achieve their goals. When people fail at the goals they have set, it is rarely due to their inability to achieve them, but rather their lack of properly identifying the Why and the How. Below is a goal setting system I use and have found extremely successful in realizing my own goals.

6 Areas of Goal Setting
FAMILY FINANCIAL SPIRITUAL BUSINESS MENTAL PHYSICAL


To illustrate an example, let’s focus on Financial goal setting.

Step 1 - Define your Committed Objective
Ex. ‘Be free of credit card debt in 24 months’

Step 2 - Figure out the ‘why’ behind your Objective
Why is it important to you?
Ex. *Feeling in control of your finances
*Allocate more $$ toward cash reserve (safety)
*Have more freedom with your money

Step 3 - Who is your Champion?
This will be an advisor that can keep you accountable to your objective
Ex. Your Financial Planner or CPA

Step 4 - Action Steps
You need to put actions in place that will get you toward your goal on a daily basis
> Create Debt Elimination Plan
> Cut up credit cards so you do not use them
> Use cash and only pull out the amount you allow for spending each day

Step 5 - Accountability Structure
Create a system to eliminate the ability to fail
> Weekly call/meeting with your champion to keep you on target and motivated

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