Set Your Financial Goals #3
By defining what You mean by wealth, you have now a destination. Setting your goals is establishing a timetable to reach your destination. It’s simple as a road trip. If you are planning to drive to a certain place you want to know:
-what time you are leaving home
-what time you expect to arrive
-what route you are going to take (you might take the fastest way or you might want to enjoy the view on the side roads)
-what you will be doing when you get there.
Getting wealthy is exactly the same. You will want to know in advance what rich means to you. How you intend getting there? How long you expect it to take? What are you going to do or want to do with your money when you have it?
Do you see the importance of having your goals set once your wealth definition is in its place? Think about how you intend getting rich and how long is going to take you and then set your objectives. This might be simple like this:” I am going to be a millionaire by my fortieth birthday and I shall make my money by running my own property development company.”
That was easy. Well it was for me, because I’m only making up an example for you. For you this might be really hard, just because more likely you haven’t thought about this before. Maybe, you did think about it as a casual daydream – I want to be very, very famous and rich and/or successful. But few people – only the wealthy ones – actually decide what they want and when and how they going to get it. You really have to take the time and decide what you want, when and how. You have to if you too want to be wealthy. And I assume you do want to be wealthy or you wouldn’t be reading this far.
Now set your goals. Write them down. Share them with me as a comment. I always look forward to get to know others financial goals and plans. It’s different for everyone. Use this blog to monitor your success.
Your objective has to be realistic, honest and achievable.
By realistic I mean that setting a goal of being the richest person in the world might happen but it isn’t going to, it isn’t realistic.
Honest means you have to be true to yourself and set an objective that you can live with and work with. Lying to yourself means it will fail. Lying to others means it will fail.
Is it achievable? Yes that too. If you know nothing about property and aren’t interested in learning, have no capital and can’t get a mortgage, then setting a goal to be a property developer isn’t realistic, honest and achievable.
To have a goal which is achievable it has to be something you like to do or at least know how to do and have a desire of getting to know even more about that interest of yours.
Are you happy with the results you’ve got? Great! Now share your goal with us.
I really believe this is an important step. Without goals it’s hard to achieve anything.
Related posts:
- Are you too lazy to be wealthy? #4
- Understand your Money beliefs #5
- Anyone Can Make Money!#1
- Thinking Wealthy
- Define What Wealth Means to You #2
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