How to set goals

by Kylie on January 8, 2011

Setting real, definitive goals is paramount to success. Large goals broken into sub goals are the same as a road map to a destination. The sub goals are how you are going to get from a to b.

Goals need to be S.M.A.R.T though, not so high you will never achieve them, but don’t am so low you know you can achieve it without much effort.

S.M.A.R.T stands for

Specific

Measurable

Achievable

Relevant

Time-bound

Specific

Clearly define your goal. There is no use doing it half heartedly such as “One day I will go to Paris”. That is not a goal that is a wish.

“On March 15th, 2012 I will go to Paris for 2 weeks” is more specific and definite goal.

Being specific makes it easier to visualise your goals.

Measurable

Goals need a measurable to give you a way to determine how well you are going and if you have achieved what it is you really set out to achieve. The Pars example is perfectly measurable because you will know if you have been and along the way you will know how close you are through how much you have saved, booking accommodation and flights etc…

Achievable

Setting a goal that is completely unrealistic and unachievable is the same as setting yourself up for failure. You want goals to extend yourself, but not so much you won’t be able to do it. If the Paris goal were “I will fly to Paris in 3 days” it is not likely to happen unless you have already saved up or live close by.

So setting a reasonable amount of time to achieve this goal is realistic.

Relevant

Just because someone has set a goal for themselves doesn’t mean you should set the same goal. You need to set goals that you want to achieve and that are relevant to your life. Just because your best friend wants to do turtle conservation in Costa Rica, doesn’t mean you should make that your goal too.

Set goals that are for you and where you want to be and what you want to achieve in your life.

Time-bound

As said at the start there is no point setting a goal (really a wish) such as “One day I will go to Paris”. You won’t get there.

“On March 15th, 2012 I will go to Paris for 2 weeks” is a time bound goal. You have a timeframe in which you need to achieve. A time frame sets boundaries and gives you a way to measure how you are doing with your goal.

Once you have set your S.M.A.R.T. goals you need to do an action plan. An action plan breaks a goal into bite size pieces and is your roadmap to achieving your goal.

If you were going with the Paris goal I have been using you could sit down and research how much the holiday will cost you then work out a savings plans, how much you need to save each week, how you are going to get the money, when you will boo flights, accommodation, what attractions you want to see etc…

Write it all down and put it into steps in the order of when you need to do it. This is now your goal action plan.

Once you have your goals and action plan put them where you can read them every day. I keep a copy in my wallet, on my computer, they are on my blog, and some people have them on their bathroom mirror or on the back of the toilet door. You need to read them every day so they are constantly on your mind.

Related Posts Plugin for WordPress, Blogger...

{ 4 comments… read them below or add one }

Jo January 8, 2011 at 3:31 pm

Over the last few months I've been popping in from time to time to see how you are doing. I figured it was about time I became a 'proper' follower. I'd like to say that I do admire what you're doing, and how you're going about it. I wish you all the success you're working towards. :)

Reply

Aspiring Millionaire January 8, 2011 at 9:27 pm

Thanks Jo. :)

Reply

MultipleMum October 17, 2011 at 9:57 pm

The old SMART goals. I use them at work all the time, but rarely in the context of household finances. I must give it a go! Thanks for Rewinding x

Reply

Lovellia December 17, 2011 at 12:01 am

nice. i like the SMART thing.

Reply

Leave a Comment

CommentLuv badge

Previous post:

Next post: