YOU MUST KNOW YOUR OUTCOME
The very first step in achieving your dreams is to first decide what it is that you actually want! To do this you must look to unleash the power of goal setting. However for myself, I believe it is even more powerful to create a Target statement!!
WHY A TARGET STATEMENT
In my experience, I have found it is more effective to create a target statement rather than just ticking off goals. Think of your goals like a bullseye, you aim, fire, readjust then fire again, rinse and repeat until you finally hit your target. There is no such thing as failure!! Remember the Ultimate success formula…
- Clearly decide what you want
- Take massive action!
- See what is or is not working
- Change your approach until you achieve your target and never give up!!!
HOW TO SET AN EFFECTIVE TARGET STATEMENT
First find yourself a nice quiet spot where you won’t be disturbed for an hour or two, grab yourself some sheets of paper and a pen and begin to set some targets for these three main areas…
- Your Wealth
- Your Health
- Your Relationships
Brainstorm what you want in each of these categories, think about what you want to be, do and have and always remember to dream big!!
You may of heard of S.M.A.R.T goals, but I like to use S.A.M.E goals. S.A.M.E goals must be …
- Accurate Timeline
- Experience based
An example of this would be.. I will have a net worth of 1 million dollars and passive income of $20,000 per month or more by December 25 2019
This may be a longer term 5 year goal, as you can see it is specific, with an accurate timeline and measurable, but what do I mean by experience based?
YOU MUST KNOW YOUR WHY
So why do you want this million dollars?
Ultimately you don’t actually want the million dollars itself, but the experience that it would give you!
The dream of giving away your day J.O.B!
The time freedom!
The pleasure of spoiling your loved ones!
The pride and sense of accomplishment of being a millionaire!
Whatever it is for you, look at what you really want out of life and WHY you want it and what experience will it give you!
Remember if you have a strong enough why, the how will show up!
CHUNK IT DOWN
Once you have these longer term goals you need to chunk it down into bite size pieces so that you don’t get overwhelmed.
How I do it is by having my longer term goals in each area ( I wouldn’t go longer than 3 to 5 years) then chunk it down to 1 year, 6 month and then quarterly goals. Here is an example below…
TARGET STATEMENT – WEALTH
- I will….
To create financial freedom for myself and my family and to experience….
By creating several successful online businesses, eliminating bad debt and investing 20% of my profits into growth assets and investments.
- I will..
- I will…
- I will…
- I will…
Once you have 3-5 targets for each time frame written down into your target statement, then create a weekly plan of 3 – 5 steps in each area that you will need to take for that week that will then help you hit your quarterly targets which will then lead to you reaching your bigger goals.
Then chunk it down even further and commit to taking at least 1 daily action that will keep you progressing and gaining forward momentum!
Always remember to concentrate your priorities on what is important but not necessarily urgent and what will help you reach your ultimate outcomes!
So commit to creating your Target statement in the areas of Wealth, Health and Relationships!
Once you have this written down, read it every day, then commit to taking that one action step that will progress you. The first step is always the first step!!!
Start with end in mind, know your why and then work backwards, chunking it down into small bite size pieces, take daily action and it will slowly gain momentum and you will soon be hitting your targets and achieving your dreams!!!
If you have any questions or comments leave them below and I will be happy to help!
Again I am John Newman and always remember.. Dream It.. Believe It… Then Achieve It!!!
Awesome post on Goal setting, John!
(S.A.M.E) is a new concept for me and now that I understand it more, I will have to go back to the drawing board and look at my goals from a different perspective.
Goal setting is very important and so is “Goal Getting” because without a way to achieve our goals, we are stuck!
But this is where Wealthy Affiliate plays it’s part as it is currently offering me everything I need to be able to achieve all my goals 🙂
Thank you for your comment and feedback Neil!
Yes, I think it is important with goal setting to not just set what you want to achieve, but have them steeped in the experience you want to create in achieving the goal!
It will ingrain them more deeply on an emotional level and make it more likely that you will hit your targets!