Advertising
Advertising

Goal Setting at the Financial Level

Goal Setting at the Financial Level

It is Hello Dollar‘s turn to talk about setting goals. Frank has a short and nice article putting financial into the perspective for setting goals. One of the key aspects he mentioned on setting goals is to specifically write down things you want to achieve, but not with vague statements like “get rich”:

…So do you have any goals? If you don’t have any more specific than “get rich,” or even “financial security”, then it’s time to really give yourself something to aim at. If you’re like me, start yourself with something that you can achieve within a few months to a year. Like paying off that one high-interest credit card, or saving a month’s salary in an emergency fund. Get the right goals in place, and the good spending and saving habits suddenly aren’t so tough…

This is one of the common mistakes for setting goals. Goal setter does not write specific enough on what he/she wants to achieve. Goals is all about giving you direction to work towards to success. You cannot develop any objectives to achieve the goals with vague statement.

Specific is the S in SMART (Specific, Measurable, Attainable, Realistic, Timely) goal setting model. I have been using SMART to assist my engineers to set goals for a while now. It is a very effective to evalulate your goals and make sure it provides a clear target to work towards. I may talk more about this on the other article soon.

Setting Goals – [Hello, Dollar!]

More by this author

Leon Ho

Founder of Lifehack

Book summary: A Technique for Producing Ideas 10 Ways to Extend Laptop Battery Life Bob Parsons on His 16 Rules for Survival Free note taking templates and techniques Fifty Essential Topics on Economics

Trending in Lifehack

1 The Lifehack Show Episode 11: Mindfulness and the Authentic Self 2 What Everyone Is Wrong About Achieving Inbox Zero 3 How to Plan Your Life Goals and Actually Achieve Them in 7 Simple Steps 4 Forget Learning How to Multitask: Boost Productivity 10X More with Focus 5 The Lifehack Show Episode 8: On Personal Success

Read Next

Advertising
Advertising
Advertising

Last Updated on November 3, 2019

The Lifehack Show Episode 11: Mindfulness and the Authentic Self

The Lifehack Show Episode 11: Mindfulness and the Authentic Self
In this episode, we interview Ora Nadrich, a renowned author, Thought Coach and Mindfulness Meditation teacher who taps into her own experiences to help others better understand theirs. She’ll talk about her new book Live True: A Mindfulness Guide to Authenticity and the importance of living an authentic life.
    Ora Nadrich

    Episode 11: Mindfulness and the Authentic Self

    Also available on iTunes and YouTube

    Featured photo credit: Martin Dawson via unsplash.com

    Read Next