Are You Setting Smart Goals? And Achieving Them?
If you are setting SMART goals each year, now’s the time, with 2020 fast approaching, to review your progress in 2019 so far.
Maybe you aren’t setting SMART goals at all, but you want to start … read on, you may find this useful.
Don’t leave it to NYE.
There’s nothing worse than approaching another NYE countdown with the same set of goals you made last year.
Which is why we think you should take a look at those goals now. With the year now three-quarters over, you still have time to get the ball rolling.
What have you done this year?
“People think that saving money is the be all and end all but it’s about what you do with your time as well,” Says Nathan Birch, head of Binvested.
Nathan himself has been doing some really great things with his time. So far this year he has quit smoking, adopted healthier eating habits and improved his cashflow position.
He has committed himself to stay on track with his goals – and he has succeeded at some very difficult tasks.
Are you on track with your goals?
If you are on track with the goals you set out to achieve this year, then kudos to you!
If you aren’t, it’s not too late to get cracking. Revisiting your goals will help you identify what you need to do to make things happen.
Also, understanding why you have not made the progress with your goals that you anticipated … are your goals realistic? Are your goals achievable? Are your goals SMART?
Now that you have a much smaller timeframe to achieve them, you have a choice: either give up, or commit to getting them done. Write up a timeline of tasks and tick them off before each deadline.
If it is unrealistic to achieve your goals within the next few months, adjust things a bit. Get all the groundwork done now to increase your chances at success in the new year.
Do you even know what your goals are?
Maybe you want to achieve something but you haven’t set pen to paper. Or, maybe you haven’t thought about all the things you need to do to make your dreams happen.
If that’s the case, it can be easy to become overwhelmed at the idea and never get started.
It’s best to break things down. How do you want your future to look? What steps can you take to make this happen?
There is no better reward than the feeling of satisfaction you get from achieving what you set out to achieve – especially if it brings you one step closer to your life’s goal.
Are your habits holding you back?
Just as Nathan’s smoking habit was holding him back from achieving good health, a negative mindset can be a destructive force when it comes to creating success.
Before you can change your negative habits into ones that benefit you, you need to identify what your current habits are.
If you want to own a house, but keep telling yourself you can’t afford one – then that is exactly how things will stay.
On the other hand, if you decide you will find a way to own a house, then you have opened up the possibility of this occurring.
But it’s not just thought habits that shape our future. If you want to save up a deposit but spend all your income on going out every weekend, then your actions are holding you back. You can’t expect to ever buy a property if you pour all your cash down the drain.
Nathan says we can either be the victims of our habits or the architects of our lives. Which would you rather be? And more importantly, which are you being right now?
A strategy for success.
Binvested staff know all about goal setting. At the start of the year, Nathan asked them to fill out two forms that detailed the goals they wanted to achieve in 2019 and over the long term.
He helped them break down the goals into smaller steps that could help them get to where they wanted to be.
He says this is a good strategy that can help you to identify your goals and stay accountable for achieving them.
Reviewing them regularly will help you stay on track.
“Having goals is like a business having a business plan,” says Nathan.
“Successful businesses have plans – and unsuccessful businesses go bankrupt.”
With this in mind, Nathan asks the following:
“Are you heading towards success or are you heading towards bankruptcy?”
And just remember, it’s never too late to change direction.
Do you want or need help with setting SMART goals?