As I have been “onboarding” new clients recently, I have been having “What are your goals?” discussion with each of them. One thing that struck me was although, sometimes with prompting, people know what their goals are generally. They haven’t thought past the surface of what they want to achieve. In order for a goal to be successful you need to get more specific than “I want more money.” That is too ambiguous to be a successful goal.• How much money exactly?
• How do you want to receive it? A chunk or gradually throughout the year or over a lifetime?
• What actions can you take immediately to reach this goal?
• What long-term actions do you need to take to make this happen?
• What resources do you already have to help you achieve your money goal?
• What resources do you need to acquire to achieve your money goal?
• Where are you exactly now financially?
The list could go on, but I think you get the idea. The more specific you are with your goals the easier it is to act and therefore more likely you will reach your goals.