Chances are that you have already decided on a few New Year’s resolutions. Hopefully, you will be able to keep most of them. Do any of your resolutions involve financial goals? Set some serious financial goals at the beginning of the New Year and then discipline and motivate yourself to accomplish them.
Determine your vision for the future. Does it include financial independence? What long term goals will help you arrive at that point? What are the short and intermediate range steps that you can complete this year to achieve those longer range goals? Decide how much debt you plan to eliminate this year and whether or not this is the year that you’re going to create a new stream of income.
Take some time this month and clearly define what you are going to accomplish this year that will lead you closer to financial independence!
Always try to set SMART Goals.
Specific -- Make your goals specific. It is important to have very focused, clearly defined targets, not just general ideas.
Measurable – It is crucial to know, at all times, if you are on track and making progress toward achieving your goals.
Attainable -- Be aggressive, yet realistic as you determine your targets. Periodic successes help keep us motivated.
Reportable -- Be able to document and report your successes to yourself, your family, your coach, etc. Then celebrate!
Timed -- Set deadlines. Create some urgency. Goals aren't much good without timelines.
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