Goals 101 – Financial Goals (Article 3 of 5)

The third set of goals that we should set are Financial / Business Goals. These can be pivotal to set because most people don’t set their set of financial goals and therefore life just hands them whatever they ask for, which is the same of nothing different. By putting our Financial / Business (Career) goals in front of us, we know the number that we are attempting to hit or what career path we want to take in our working life. If you don’t set Financial / Business goals, you might as well just hand your life over to an employer who will control every facet of your working career including income. When we have a steadfast plan to work by, we start to see results because we work off of a framework per say. Think of it this way, how many builders do you see constructing a building without a set of blueprints to complete the job? Nevertheless, Millions work this way when it comes to their own lives daily. No ‘blueprint’ or plan for his or her financial success and wonder why they keep getting moderate or dismal results.

Here’s what you need to do. Write out your Financial goals first. Make sure your goals are possible and attainable and make them realistic. For example, if you only make 30K per year, your financial goal is probably not prudent to hit the 1 Million dollar mark for the next year! Set it to something realistic like say 50K to 100K. If you can hit those marks, you can definitely even do better than that. Set your career path goals as well. Tired of being a secretary? Why not shoot for Executive Assistant and ask yourself how you get there. For your Financial / Business Goals, you definitely want to go ahead and choose possibly around 5 Goals maximum in that category. Write them out and use the S.M.A.R.T. system. The S.M.A.R.T system stands for Specific, Measureable, Attainable, Realistic and Traceable based. If you set any of your goals according to this method, your chances of reaching those goals are even greater, so start using the S.M.A.R.T. system of setting your goals today. The problem with people setting financial goals is that they tend to set them too high and they get discouraged and stop setting them. If you don’t hit your marks for that year, simply readjust your goals a little and try to hit those similar goals for another year.

Once you have this list of your Financial / Business goals, put a time frame on when you want to accomplish these goals. You want to put a deadline to your goal to make it more measurable. The strength of your subconscious kicks in when we set a deadline as well. It works toward what we want to accomplish in our goals. Make sure to date your goals as well, e.g. ‘My Financial / Business Goals for 2010’. Also, set out notes / criteria separate from your goals that will help you accomplish each item on your goal list. For example, item #1 on your Financial / Business goals list might be, “I have made $100,000”, and you might write down criteria separate from your list like ‘How to make your first $100,000.

Now that we have the time frame criteria for our personal goals, you want to write your goals in a certain type of STYLE. We want to write our goals in the present tense like we have already accomplished them. You write your goals like you have already accomplished them. There have been studies to prove this is more effective to getting your subconscious on board to help you achieve your goals. So, for example do not write your goal like, “I would like to make $100,000”. Instead, write, “I have made $100,000 this year”. These are the criteria for writing your goals and make them more effective. Once you have your goals written out, put them where you will see them! You want to have them in front of you where you will them daily, better if at least twice a day. I’ve known people to print out their goals on business cards and look at them daily. Following these guidelines will help you reach your goals in the best way.

Next article up will be how to set your Health / Energetic Goals.


Category: Financially Elite Blog