How To Set Goals Like A Millionaire

Let's face it.

Almost everything you have learned and adopted about money came from people who aren't millionaires.

So if you have a goal to build financial wealth, that'd be like taking advice from a fat personal fitness trainer about dieting best practices. 

Maybe the information is good, but they don't have any personal credibility on the matter so how would you know?

One lesson I've learned as I got older is that I care less about degrees and titles and more about experience.

And if you're wondering if I'm the money equivalent of a fat personal fitness trainer doling out nutrition advice, that's a fair and good question.

So here's my street cred. I can live for the next 11 years at my existing lifestyle without income. If that's good enough for you, keep reading.

Goal Setting The Rich Way

1. Reset Your Mind

A broke mind will quit. Why?

Because change demands pain. 

If you truly don't believe you are going to make the changes, then you never will. 

The battle is lost before it even began.

  • Meditate
  • Practice gratitude out loud
  • Exercise

2. Create A WHY Statement

Your WHY Statement is a guide not a destination.

Make it one sentence.

Have it state your purpose for being.

Referring back to this will help you block out all the distractions that don't align to it.

3. Define Objectives

Start thinking 3 years out.

It's far enough to dream and close enough to feel real.

  • Who is in your life?
  • How do you spend your time?
  • Where are you?
  • What important achievement have you attained?

4. Write Down Your Goals

42%.

That's how much more likely you are to achieve your goals if you just write them down.

If you won't do something that simple, you aren't serious about your goals. Full stop.

5. Calculate The Cost Of Big Goals

Break your 3 year goals into the first 12 months. 

Example: Save $60,000 (12 month goal = save $20,000)

  • Lower expenses by $300/mo.
  • Get promoted
  • Automate savings

6. Track Progress

What gets measured, gets improved.

A budget and goal sheet is crucial.

It doesn't need to take a lot of time, just review it once a month when you have started.

7. Get Accountability

We fear failing more than we love success.

And we hate embarrassing ourselves.

So put a public goal out to your friends and family and ask them to talk with you about it. 

Success will be that much easier and more meaningful.

Start Now...Right Now

If you chose to read this article, there's a good chance you have room to improve in your life.

Before you click off this article, grab a pen and paper and write down your goals now.

Get started.

You aren't promised tomorrow so start today.

 

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