Today, we are going to talk about goals and long-term planning. 2020 is over, and since I know that New Year’s resolutions are a big deal for most people, I figured that now is a great time to have a look at this. I’ll explain how I approach goal-setting, I’ll give you a couple of tricks that will help you streamline the entire process and I’ll show you how to stay on track with your goals during the year.
Just a quick reminder to like, share and drop me a comment if you enjoy the content – it really helps our platform grow, and it lets me know that I’m on track. Oh, and the applications for our Private Investing Group are still open, so if financial independence is one of your goals for 2021, then you definitely need to check it out! As always, the link is in the description! Check out my other blogs such as, “Optimism, An Important Investment Trait“.
We’ll start by taking a look at the most common reasons that make people give up. Then, I’ll break down the SMART model (which I’m sure you’re all familiar with by now) and show you how to construct “durable” goals. Goals that you can stick with, not just for 2021, but for the rest of your life.
Take a moment and think about the last time you really wanted to do something, but you couldn’t see it through. Don’t worry, I’m not trying to make you feel bad about yourself. I just want to help you learn from the experience. As I often say, there’s nothing scary about making mistakes. We all drop the ball every now and then. And, if you aren’t afraid to face your mistakes and learn from them, you are probably going to do much better next time.
Goal Planning with Antoaneta
Usually, when people decide to give up on their goals, it’s because they get:
- Distracted or bored – Manage your time. Give yourself time off, but remember – just because something sounds fun or exciting doesn’t mean that it’s worth hours of your day.
- Scared – Don’t be afraid to dream. If someone else has done it, then so can you. If you fall, just pick yourself back up.
- Disappointed – Manage your expectations. Dream big but remember that real progress takes time. Don’t expect to go from zero to hero overnight.
- Overwhelmed – Things don’t always go according to plan. Sometimes, the unexpected happens. There will be setbacks, issues at work, and other problems. There might be days where it feels like the whole world is trying to get between you and working on your goals. Don’t let that stop you.
How smart goal-setting helps you avoid issues
Now, let’s talk about “SMART” goals. The SMART (Specific, Measurable, Achievable, Relevant, and Timely) system is a way to create and approach goals, popular in project management and corporate settings. However, nothing is preventing you from using it to work on your own goals. And while you can definitely achieve your goals without it, I’ve personally had a lot of success with this system, and I find it very helpful.
Smart goals are:
- Specific – Multitasking is great, but your mind works best when you take things one by one.
- Measurable -Measuring your progress helps you stay on track and keeps you motivated.
- Achievable – Celebrating your achievements gives your self-confidence a big boost.
- Relevant – Focusing on the most relevant goals makes your life easier and helps you perform better.
- Timely – Deadlines help you manage your time better and prevent you from slacking off.
On this platform, we always think long-term. We try to build things that will be useful not just right now, but also in the future. This way of thinking can also help you plan your goals.
Let’s say that, for example, you want to buy a property. That’s your long-term goal.
But properties cost money, right?
So, you need to find a specific way to get the money together, preferably by doing more than just setting a few hundred pounds aside each month.
You could try and get a promotion. Or, you could look for a better-paying position.
You could invest in the Stock Market. Or you could start your own business.
You pick the option that seems the most achievable for the relevant time frame that you’re working with and you proceed to break it down even further. You map out the entire journey from start to finish, and you set up small and realistic objectives for the first week, month, year, three years, five years, and so on. This allows you to measure your progress and stay on track.
Breaking it down
Complex, long-term goals can feel scary, especially if you are trying to do something for the first time. If you’ve never had a YouTube channel, for example, it’s easy to get intimidated by the amount of work it takes to get everything up and running. Then, you open up YouTube, and you see all of these accounts with millions of subscribers and thousands of hours’ worth of content. This is exactly where most people decide that this is too difficult or that they simply “can’t do it”.
But you aren’t most people, are you?
Of course not.
You are here because you want to succeed.
You want to achieve your goals. You want to be the shot-caller.
So, instead of getting intimidated, you look at it rationally. You break it all down.
You obviously don’t have the knowledge or experience just yet, so you accept that you will make mistakes.
You obviously can’t create a few thousand videos in a day. You also can’t get a million subscribers in a month.
Instead, you start small and work your way up.
You try to publish one video per week.
As you get more confident, you start posting more frequently. Your understanding of the platform grows, and so does your subscriber count.
And the same can be applied to just about any project.
Don’t rush. Just be persistent, and you will get to where you need to go.
Going the extra mile
No matter who you are or what you are trying to do, I am willing to bet that there’s at least one person who has tried to do the same thing before. So, do yourself a favor and do some research.
Look up information. Watch some tutorials. Read some books. Consider signing up for a course or two.
Write it all down
Writing down your goals allows you to get a clearer picture of your idea and helps you track your progress much more comfortably. Of course, you don’t really have to use paper – spreadsheets and word documents are much simpler to maintain and update. However, I’ve found that paper works best for me. It feels a bit more “real” compared to using my laptop for it. Besides, I like having my goals pinned to the wall of my office – it helps me stay motivated through the day.
Get to work
So, you’ve decided on what you want to achieve and figured out how to get there. You’ve got it all planned out, broken down, and written neatly in your notebook in front of you.
Now, you just have to roll up your sleeves and get to work.
And believe me – once you get into the flow of things, it will all fall into place.
Keep an eye on your progress
Every week, I spend around 30 minutes reviewing my progress. I get my notebook, I write down what I managed to do, and I plan ahead. This helps me keep a steady pace – I don’t want to fall behind, but I also don’t want to rush either. If I see that I’m moving faster than planned, I usually give myself a bit of extra downtime. If I’m falling behind, I look for ways to streamline my routine.
Before we wrap things up, I want to leave you with a couple of goal ideas that I believe you all can benefit from:
- Embrace eco-friendliness – eliminate the plastics from your home (and office, if possible). Try to decrease your carbon footprint and look for renewable solutions.
- Work on your budgeting game – Try to save at least XX% of your income. Buy less stuff in general. Look into minimalism. I’ve got a bunch of blogs that can help you out with this (links are in the description as usual)
- Work on your financial independence – Obviously, I’d suggest the Stock Market (and our investing group!), but starting an online project or a small business can also go a long way.
- Work on your health – incorporate some form of exercise in your routine (walks, jogging, gym or home workouts – anything goes). Make sure that you’re getting enough nutrients. Drink more water (I am willing to bet most of you are not getting enough).
- Work on your skills – always looks for more opportunities to learn. Read books, watch tutorials and documentaries, sign up for courses.
And so, we’ve reached the end of today’s blog regarding goals planning. If I have to be honest, I was planning to share many more things and go in-depth about all of the points, but the draft ended up way too long. Still, I hope that you’ve enjoyed this blog and you found it helpful. If that was indeed the case, please don’t forget to let me know by giving it a thumbs up or leaving a comment below – I always love hearing from you!
Thank you for being with me here today, and I’ll see you all next time!
Recommended for further reading:
- Keys to Success – Napoleon Hill
- The 7 Habits of Highly Effective People – Stephen R. Covey
- Start Now. Get Perfect Later
- How To Stop Worrying And Start Living (Personal Development)
- Low Cost High Life: Live an Affordable Life of Luxury
If you are looking to open an investment account follow these links below: