Are you looking to achieve success? No matter what success means to you — climbing the career ladder, saving money for retirement, raising a family, or something else entirely — goal setting is an important piece of the puzzle. From stimulating personal growth and development to providing a framework for decision-making, setting goals is an effective way of picturing what you want your life to be like and then moving towards those images in an intentional way. Let’s take a closer look.
Understand Your Current Situation and Where You Want to Be
The first step in creating lasting change is understanding both your current situation and where you want to be. This seems like a simple task, but it can be challenging to be honest with yourself about your current state. You may not want to face the facts because they’re so far from where you want to be, or you may be in denial about the severity of a situation, but unless you’re honest with yourself, it’s impossible to create a plan for change.
To help gain a clearer picture of where you stand, try this Wheel of Life worksheet from MoneyQuotient. This exercise will help you to assess your growth and development in various facets of life and will help you to evaluate the degree of balance and level of life satisfaction you are experiencing currently.
Set Realistic and Achievable Goals
Once you’ve taken a good, hard look at your current situation, it’s time to set some goals. What do you want to achieve? How do you want to improve your life? When it comes to setting goals, it is important to be realistic and achievable. Setting the bar too high will only lead to disappointment. Instead, focus on setting goals that are challenging but still within the realm of possibility.
One of the most important aspects of goal setting is ensuring that your goals are specific. Vague or general goals are much harder to achieve than those that are clearly defined. For example, rather than setting a goal to “save money,” a more specific goal would be to “save $3,000 in the next three months.” By being specific about what you want to achieve, you increase your chances of actually achieving it.
Create a Plan of Action with Specific Steps to Reach Your Goals
When creating your plan of action, be sure to break down your goals into more manageable steps and make sure that each step is specific, measurable, and has a deadline. This will make it easier to stay on track and ultimately achieve your desired outcome. And remember to review and adjust your plan as needed — don’t be afraid to make changes if something isn’t working.
Use Visualization Techniques to Help You Stay on Track
When it comes to staying on track, visualization techniques can be extremely helpful. By picturing yourself achieving your goals, you can increase your confidence and motivation, and stay focused on what you need to do to make them a reality. Check out this Goals Introduction resource from MoneyQuotient for seven tips to help you increase the effectiveness of your goal setting strategies.
At The Humphreys Group, clients come to us because they aspire to something greater. Whether they need their investments to work harder, require help with a more complex problem related to changing financial or personal circumstances, or are simply looking for the best place to start, our team welcomes these challenges with a deep commitment to providing you with a comfortable and collaborative setting to explore your concerns and follow your dreams. Our planning process has a single purpose: to manage your wealth so that you may live fully and confidently in possibility. Reach out today to get started!