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Settings goals is a must. The start of a new year (and a new decade!) is a great excuse to set some for the next 12 months.
*Apologies, this was meant to be posted at the start of January – hopefully it will help those who are still yet to set goals in 2020.*
My 2020 Goals! (Uploaded to Instagram @makingmoneysimple)
Set SMART Goals
You probably already know what this means, but it’s worth reinforcing it as it is one of the best and easiest way to set goals.
S – Specific
M – Measurable
A – Achievable
R – Realistic
T – Timely
It also helps if you break annual goals down into monthly goals, and then again into weekly goals. You can even set daily ones, but that’s a bit too much for me!
See more on SMART goals here.
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Using property as an example, let’s look at two goals:
1. I want to get on the property ladder.
2. I want to buy my first property, for around £250k, in Manchester, by the end of October 2020.
Obviously, it’s easy to see that the second goal is superior to the first.
It is specific, with the location and amount stated. Measurable as if you haven’t completed this by the end of October then you haven’t reached the goal. Assuming there are still properties selling (which there are) its achievable, and realistic assuming you have a good enough deposit and salary to borrow the required sum. There is also a time element as it is by the end of October 2020.
What Are Your Goals?
Feel free to leave a comment on this post and/or message us on Instagram – I can then help to keep you accountable!
Accountability is a must when setting goals. The more people you tell, the more embarrassed you’ll be if you fail!
It can help to set goals for different aspects on your life:
– Finance/Money related
– Fitness related
– Career related
And so on.
Set Goals Today!
Make it your aim to set some goals today for the following year.
Be sure to look at them every now and then, ideally weekly, to make sure you’re slowly moving forward towards them each day.
Thank you for reading and have a great day!