Goal setting is the master skill

Setting goals is an important aspect of getting financially free.

In order for it to be a good goal, it needs to conform to a couple of rules:

Specific

It needs to be specific, just stating you want to be rich is not enough. Rich is different for every individual and will even be different for yourself at different times of your life.

Measurable

It needs to be measurable. Stating you want to be financially independent is not enough. How much money do you want to have per month/year in order to live comfortably? Also known as monthly income goal and yearly income goal.

Achievable

You can achieve almost anything you can actively hold in your thoughts, but it has to be achievable. You will not be a good jockey if you are 2 meters long and if you weigh 120 kilograms.

Realistic

You have to make sure the goal matters to you and it motivates you to achieve it. If you drive a Fiat Panda and you want to drive a Mercedes AMG of € 150.000 in three months. That is not believable.

Time-bound

Setting a time limit on your goal is important, This will give you a way to make a plan to accomplish the goal.

Now you know a little more about what a goal should look like, you can set goals for all parts of your life, like financial, personal, business, or physical goals.

When you write out a goal (by hand and not typing on a pc), you imprint the goal in your unconscious mind. This way you set the unconscious mind at work to reach your goal.

Keep in mind, that long term goals are not easy to achieve and they take commitment and consistency. Just build towards your goal, step by step.

One can eat a whole bear, bite by bite.

Do you set goals?

Enjoy the sun and stay safe and healthy!

P.S. If you have any additions to the post, please add in the comment section.