Greetings My Brothers!
Some of you attended my recent GOAL SETTING WORKSHOP webinar in August. For those that didn't, I’d like to invite you to participate now in this very important exercise! It’s an exercise that I believe we should do at least ANNUALLY if not more often! This week we will focus onFinancial Goals. Let's get a journal or notepad & do some dreaming & creating!
REMEMBER AGAIN ON THIS – PURPOSE IS STRONGER THAN OBJECT - SO KNOW your WHY!
We have been discussing a basic goal setting formula with 4 STEPS you can use to set 3 types of Goals:
Personal Development Goals
‘Thing’ Goals
Financial Goals
*Last newsletter, we focused on ‘THING’ Goals, & THE ONE BEFORE THAT ON “PERSONAL DEVELOPMENT” GOALS. This week we will focus on #3 - ‘FINANCIAL’ Goals!
*SO YOU NOW SHOULD HAVE 2 SETS OF GOALS – ONE SET THAT ARE PERSONAL DEVELOPMENT ORIENTED – MENTAL, EMOTIONAL, SPIRITUAL, SOCIAL, & PHYSICAL TYPES OF GOALS - & YOU SHOULD HAVE 3 OF THOSE THAT YOU ARE COMMITTED TO ACHIEVING IN THE NEXT YEAR, THAT YOU ARE INSPIRED ABOUT, & YOU’VE GOT STRONG REASONS THAT HAVE MADE THEM REAL TO YOU!
YOU SHOULD ALSO NOW HAVE 3 ‘THING’ GOALS – THINGS YOU WANT TO DO, OR HAVE IN YOUR LIFE – WITHIN 1 YEAR - THAT U R EQUALLY INSPIRED ABOUT!
I’M NOW GOING TO GIVE YOU 2 MINUTES TO WORK ON FINANCIAL/ECONOMIC GOALS – SPECIFICALLY, I WANT YOU TO LET YOUR MIND GO FREE! I WANT YOU TO CREATE – WHAT WOULD BE YOUR ULTIMATE FINANCIAL GOALS!?
PERHAPS A CERTAIN AMOUNT OF MONEY YOU’D LIKE TO EARN IN A MONTH! IN A YEAR? IN A DECADE? THEY DON’T HAVE TO BE IN ANY ORDER - MAYBE YOU HAVE A GOAL THAT YOU WANT TO EARN 5 THOUSAND OR 10 THOUSAND OR 20 THOUSAND OR 50 THOUSAND OR 100 THOUSAND IN MONTHLY INCOME?!
WHAT IS THE # FOR YOU!? DREAM BIG!!!
WHAT DO YOU WANT YOUR ANNUAL INCOME TO BE?
WHAT DO YOU WANT YOUR NET WORTH TO BE?
DO YOU HAVE ANY BUSINESS GOALS? DO YOU HAVE SOME GOALS YOU WANT
FOR YOUR COMPANY IF YOU ARE A BUSINESS OWNER OR LEADER…
DO YOU HAVE ANY PHILANTHROPY GOALS FOR YOURSELF AS TO HOW MUCH YOU WOULD LOVE TO GIVE AWAY EACH YEAR?
DO YOU HAVE SOME INVESTMENT GOALS? WHAT ARE SOME OF YOUR SPECIFIC INVESTMENT GOALS?
JUST LET YOUR MIND FLOW – ANYTHING RELATED TO FINANCES THAT U CAN THINK OF AS A GOAL, I’D LIKE YOU TO WRITE IT DOWN!
*Give yourself 2 MINUTES! LET'S GET OURSELVES IN A PEAK EMOTIONAL STATE OF FAITH! (Mark 11:24) AND LET’S BEGIN…..NOW!
AGAIN, REMEMBER ANYTHING THAT IS RELATED TO FINANCES…ANY FINANCIAL GOALS YOU’VE GOT – PUSH YOURSELF – THINK!
HOW MUCH DO YOU WANT TO HAVE IN SAVINGS? IS THERE MONEY YOU WANT TO SET ASIDE FOR YOUR KIDS FOR COLLEGE OR PERHAPS A TRADE SCHOOL?
IS THERE AN INDEX FUND YOU NEED TO START INVESTING IN TO HELP SECURE YOUR RETIREMENT? (THINK *The rule of 72 !)
Is there some real estate GOALS YOU HAVE? PERHAPS YOU’D LIKE TO CREATE SOME PASSIVE INCOME OR EQUITY GROWTH WITH A RENTAL PROPERTY
WOULD YOU LIKE TO INVEST IN SOME DIVIDEND STOCKS THAT PAY YOU A PASSIVE INCOME STREAM? DO YOU WANT TO OWN A LITTLE GOLD OR SILVER…
WOULD YOU LIKE TO TAKE A COMPANY OR BUSINESS PUBLIC?
DO YOU HAVE AN IRA? A ROTH IRA OR A SEP IRA? A 401-K? DO U HAVE SOME KIND OF RETIREMENT ACCOUNT SO THAT IN THE MATURE YEARS OF YOUR LIFE YOU HAVE MORE THAN ENOUGH MONEY TO SUPPORT YOU? (BTW, I’M NOT SUGGESTING THAT AT A CERTAIN AGE YOU JUST GIVE UP & GET LAZY, OR STOP BEING PRODUCTIVE - BUT WHAT ARE SOME FINANCIAL GOALS YOU’VE GOT FOR DIFFERENT AGES OF YOUR LIFE? WHERE DO U WANT TO ‘BE’ – FINANCIALLY SPEAKING?
Ok, once your time is up, I want you to then GO THROUGH THESE FINANCIAL GOALS, & AGAIN like last time - PUT A ONE (1) NEXT TO THE GOAL IF IT'S SOMETHING YOU'RE COMMITTED TO ACCOMPLISHING IN 1 YEAR OR LESS – A DREAM OF THIS SEASON! PUT A THREE NEXT TO IT IF IT'S SOMETHING YOU’RE COMMITTED TO ACCOMPLISHING IN 3 YEARS OR LESS.
A FIVE FOR 5 YEARS OR LESS
TEN FOR 10 YEARS OR LESS
OR TWENTY FOR 20 YEARS OR LESS
LETS DO THAT VERY QUICKLY, RIGHT NOW! GIVE YOURSELF A MINUTE OR SO
Ok, now that you’ve done that, we’ll do what we did before. I WANT YOU TO GO THROUGH THIS LIST, & LOOK AT THE FINANCIAL GOALS YOU’RE COMMITTED TO HAVING IN YOUR LIFE IN 1 YEAR OR LESS! I WANT YOU TO PICK THE TOP THREE 1 YEAR GOALS THAT ARE MOST IMPORTANT TO YOU! Choose your top three 1-year goals! ! GIVE YOURSELF ABOUT 30 SECONDS…
Ok awesome! NOW LET’S DO THE FINAL PROCESS HERE ON OUR FINANCES! - FOR the top three one-year FINANCIAL goals you chose, I WANT YOU TO WRITE FOR EACH - why you ARE absolutely committed TO ACCOMPLISHING & MEETING THOSE FINANCIAL GOALS WITHIN 1 YEAR! I’D LIKE YOU TO WRITE IT DOWN NOW, & MAKE IT STRONG ENOUGH THAT YOU WILL REALLY FOLLOW THROUGH & MAKE IT HAPPEN!!!
GO AHEAD & PLEASE DO THAT NOW - GIVE YOURSELF 3-5 MINUTES!
REMEMBER ON THIS again – PURPOSE IS STRONGER THAN OBJECT - SO KNOW WHY YOU WANT THESE FINANCIAL GOALS! THINGS. WHAT WILL IT MEAN FOR YOU? WHAT WILL YOU BE ABLE TO SHARE? HOW MUCH FUN WILL IT CREATE FOR YOU?
OK – SO WHAT HAVE WE ACCOMPLISHED IN THE LAST 3 WEEKS OF NEWSLETTERS? WELL, IF YOU’VE DONE THE EXERCISES;
1. YOU NOW SHOULD HAVE A WHOLE LIST OF PERSONAL DEVELOPMENT GOALS & TIMELINES FOR THEIR ATTAINMENT! BUT MOST IMPORTANTLY, YOU HAVE 3 SPECIFIC – 1 YEAR GOALS THAT U R INSPIRED ABOUT & THAT YOU’RE COMMITTED TO ACHIEVING, & U KNOW WHY! (THE WHY IS WHERE THE POWER IS!)
2. YOU’VE NOW GOT A WHOLE LIST OF ‘THING GOALS’ – A KIND OF SHOPPING LIST OF FUN! AND YOU’VE SELECTED 3 THINGS THAT YOU ARE ABSOLUTELY COMMITTED TO HAVING WITHIN A YEAR, & AGAIN, YOU KNOW YOUR WHY! SO YOU HAVE THAT POWER & INSPIRATION BEHIND YOU!
3. AND #3, YOU HAVE A LIST OF FINANCIAL GOALS – OF WHICH 3 OF THEM YOU ARE ABSOLUTELY TOTALLY COMMITTED TO ACHIEVING WITHIN THE NEXT YEAR! AND AGAIN, YOU KNOW WHY!
SO YOU HAVE 9 1-YEAR FOCUSED GOALS NOW!! – WITH THE REASONS BEHIND THEM - & THE COMMITMENT TO ACHIEVE THEM WITHIN A YEAR!
SO LET ME ASK YOU A QUESTION…
HOW WOULD YOU FEEL INSIDE IF WITHIN 1 YEAR, ALL 9 OF THOSE GOALS WERE MASTERED & ATTAINED!?? IF YOU DEVELOPED THOSE ASPECTS OF YOUR LIFE – IF YOU HAD THESE THINGS IN YOUR LIFE – HOW WOULD YOU FEEL ABOUT YOURSELF?
HOW WOULD YOU FEEL ABOUT LIVING AND LIFE & FUN & YOUR ABILITY TO SET & ACHIEVE GOALS SUCCESSFULLY NOW?! THINK ABOUT HOW THAT WOULD FEEL! IF YOU’RE NOT THOROUGHLY INSPIRED, THEN YOU NEED SOME BETTER GOALS – GO BACK & REFINE THEM IF YOU NEED TO, OR GET SOME STRONGER REASONS!
IF YOU ARE INSPIRED, YOU NOW HAVE SOMETHING THAT YOU WILL ACHIEVE!!! YOU WANT TO TAKE THESE 9 GOALS & KEEP THEM IN FRONT OF YOU ON A CONSISTENT BASIS!
YOU WANT TO LOOK AT THEM DAILY! YOU MIGHT WANT TO PUT THESE ON YOUR VISION BOARD OR ON THE INSIDE COVER OF YOUR JOURNAL – OR SOMEPLACE WHERE YOU'RE GOING TO SEE IT EVERY DAY!
YOUR 9 GOALS & WHY YOUR ABSOLUTELY COMMITTED TO ACHIEVING THEM!
I HOPE THIS EXERCISE HELPED YOU!!!
Have a blessed weekend everyone!
Bill
P.S. I hope you all have had an amazing summer! For all of you anglers out there in our community, the fishing has been crazy good this year in Montana!! I thought I would share a few pics so you can live it with me! Needless to say, ‘fish tacos’ have been on the dinner menu quite a bit recently…!
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