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A Step-by-Step Guide For Achieving Your Goals, Financial or Otherwise
Spring. A time of optimism, new opportunities, of new growth - and not just for plants or lambs. Spring is a great time to take a look at where you're at in your life: financial, emotional and physical. And spring is the perfect time to set new goals to help you live life to the fullest.
Setting a goal is the first step toward achievement. It frames the desired end-result and provides a clear objective for you to focus on. Setting a goal also greatly increases the likelihood of success.
To make it easy, I've broken it down, step-by-step. Follow these steps to make it happen.
Set a goal.
Make your financial goal measurable, meaningful, and time-specific. "I want to save some money" doesn't cut it.
"I want to save $500 for my holiday by the end of the month" is a set goal. It is measurable (you want to save $500); it is meaningful (it's for your holiday); it is time specific (you've set a timeline to the end of the month to reach your goal).
Decide on a time frame.
Is your goal going to happen in the next 3 months or in 30 years? If the time horizon is long-term, it’s a good idea to set shorter, intermediate goals along the way.
Get the information you need.
Do you know everything you need to know to set an appropriate goal?
Do you have all the information and expertise you need to accomplish the goal?
Get the help you require.
We all use experts every day. We have experts teaching our children and taking care of our teeth. There are great financial experts out there to assist you. Get the help you need.
Make a plan.
How are you going to reach this goal?
What steps are involved?
Make a plan and follow it. Write it down, step-by-step and put it somewhere you'll see it regularly and often. The fridge or the bathroom mirror are good places; scan it and make it your screensaver or background if you spend most of your time online.
Evaluate your progress periodically.
If you’re getting off-track, the sooner you notice it, the better. Take a minute (just a minute) every day to check how you're going. If you find you've wavered you'll be more aware and able to stick to your plan tomorrow.
Adjust your course.
Accomplishing a goal without some adjustment along the way is unusual. Life happens. And, like your spending plan, your goals aren't set in cement. They will need to change as your life changes so be prepared to be a little flexible.
Measure your results and make the necessary adjustments.
Setting financial goals is similar to setting any other type of goal. Ensure the goal is appropriate and supported by others that are involved. Get the information and assistance you require to make effective decisions and accomplish the goal.
Then, simply review the results and adjust your approach until the goal is met. Then celebrate your success!
Setting a goal is the first step toward achievement. It frames the desired end-result and provides a clear objective for you to focus on. Setting a goal also greatly increases the likelihood of success.
To make it easy, I've broken it down, step-by-step. Follow these steps to make it happen.
Set a goal.
Make your financial goal measurable, meaningful, and time-specific. "I want to save some money" doesn't cut it.
"I want to save $500 for my holiday by the end of the month" is a set goal. It is measurable (you want to save $500); it is meaningful (it's for your holiday); it is time specific (you've set a timeline to the end of the month to reach your goal).
Decide on a time frame.
Is your goal going to happen in the next 3 months or in 30 years? If the time horizon is long-term, it’s a good idea to set shorter, intermediate goals along the way.
Get the information you need.
Do you know everything you need to know to set an appropriate goal?
Do you have all the information and expertise you need to accomplish the goal?
Get the help you require.
We all use experts every day. We have experts teaching our children and taking care of our teeth. There are great financial experts out there to assist you. Get the help you need.
Make a plan.
How are you going to reach this goal?
What steps are involved?
Make a plan and follow it. Write it down, step-by-step and put it somewhere you'll see it regularly and often. The fridge or the bathroom mirror are good places; scan it and make it your screensaver or background if you spend most of your time online.
Evaluate your progress periodically.
If you’re getting off-track, the sooner you notice it, the better. Take a minute (just a minute) every day to check how you're going. If you find you've wavered you'll be more aware and able to stick to your plan tomorrow.
Adjust your course.
Accomplishing a goal without some adjustment along the way is unusual. Life happens. And, like your spending plan, your goals aren't set in cement. They will need to change as your life changes so be prepared to be a little flexible.
Measure your results and make the necessary adjustments.
Setting financial goals is similar to setting any other type of goal. Ensure the goal is appropriate and supported by others that are involved. Get the information and assistance you require to make effective decisions and accomplish the goal.
Then, simply review the results and adjust your approach until the goal is met. Then celebrate your success!