52 Simple Ways to Manage Your Money – 4. Where Am I Going?
A Weekly Journal & Workbook to Help You Take Real Control of Your Money
What it is …
Setting goals enables you to carve a path and develop a strategy to get what you want.
How it helps …
You live a life of choice rather than a life of reaction to events.
Key Items to look for …
Goals should be enough of a stretch to excite you, but not too far out to overwhelm you or depress you.
Make a goal specific and measurable. Instead of saying, “I want to be financially independent,” set a goal of increasing your net worth by x% and set out a plan of how that will be accomplished.
Time …
One hour to start.
A few minutes weekly and monthly to review and update.
Keys to action …
The goals must be specific, measurable, and inspiring, and they must have a completion date.
Develop a form on which to write your goals.
Read biographies of people who accomplished their goals.
Talk to friends who set goals and learn the process they use.
SET IT UP
Set aside time to work on this and try to avoid interruptions.
STEP ON IT
Divide the action into tiny, achievable steps.
STEP ON IT +
For best control, make goal-setting a regular part of your life.
Notice…
Your reaction to setting goals in general and the type of goals you set.
Are your goals within reach with only a slight adjustment in your lifestyle, or are they so far out of reach that you become discouraged easily and quickly?
As you see other reaching their goals, notice your reaction to their success.
Thought primers…
If I achieved the goals I set…
If reaching my goals came easily to me…
The bad thing about setting goals might be. ..
To me, goal-setting means…
If it turns out I don’t have to give up anything to get more of what I want…
If my parents saw me achieve my goals…
