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How To Set Financial Goals That Work

Posted By AldenThayer81 On January 12, 2012 @ 9:14 am In Articles | No Comments


It is my mission to find you easy-to-implement programs that will help make you money.

I try to avoid “like the plague” all of the hype that’s circulating the Internet and only show you products and services that are actually making ME money - honest-to-goodness products you would proud to share.

Over the next few days and weeks I will be sharing with you information that will help you succeed, HOWEVER you define “success.” I am not a guru by any stretch of the imagination, but just a regular guy who has found a way to make a part time living from the Internet.

I have a very large family to take care of (11 kids - eight are still at home) so I have a strong incentive to do it right and to do it for a long time!

Enough about me - let’s get to you.

Lesson #1 - Do you know where you’re going?

Let me ask you another way. “Do you know what your financial goals are? If so, how do you know when you have arrived?”

This is a very important question to answer because if you have no idea where you’re going, you won’t know when you have arrived and you won’t have that “satisfied” feeling wen you have accomplished your goal.

 

To help you, let me give you an acronym to help you define your goals.

S-M-A-R-T

Financial goals (and any goals for that matter) should be

Specific, Measurable, Attainable, Realistic and Time-sensitive.

You can’t just say, “I want to be rich,” or “I want to make a lot of money.”

They have to be SPECIFIC goals.
They have to be MEASURABLE goals.
They have to be ATTAINABLE or ACHIEVABLE goals.
They have to be REALISTIC goals (not a million $$$ next week!)
They have to be TIME-SENSITIVE goals (in other words, give yourself a reasonable time to reach that goal.)

So my assignment for you is, over the next 24 hrs take 10-15 minutes, think about and then WRITE down your financial goals according to the guidelines I gave above. This is an extremely important exercise.

You will be surprised by the “success door” it will open once you specifically WRITE DOWN these goals.

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