Ep #242: Setting Targets and Goals
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Hello, hello, and welcome back to the show. I am just returning from my trip to Serenbe with my girls. It was a birthday spa event. We rode horses and canoed and hiked and ate some delicious food. Listen, when we get together, we laugh until our ribs hurt. And that’s exactly what happened.
We’ve been doing this trip…I think we’ve, it started about five years ago when it was my 50th birthday. It, we went to the spa, and some of the girls had not been to the spa yet. So I was like, what? We have got to do something about that. So the start of a new season and I am actually home for, I think, a good four weeks, which it’s been a long time since I have been home for longer than a month. I have been traveling so much this year. Lots of business and fun things, which is leading me up to the topic for today.
I am talking about setting targets and goals, the importance of it, the importance of having a clear vision, a path where you know how to attain those goals. First of all, you have to set ’em. And in order to set them, you have to have a clear driver, which most people call their “why.” I call it a driver because it is the thing that drives action.
The driver is the reason behind you staying in the game, not quitting, committing. So that’s from the top vision. What do you want to do with your life? What is the ultimate vision? That is the goal. It is the legacy. And you know what? You might not meet it in this lifetime, but you still set it. And the way to get to the goal is through clearly defined targets. A target is something tangible. It’s something that you could meet today. So the goal is the overall vision, the legacy, the thing that you ultimately want to do.
Targets are the benchmarks. So you can see where you are, how far you are from getting the rest of the way. So thought it was like important to get clear on those things so that you can know how to set ’em and know how to reach ’em. So this is something I have been, I won’t say I’ve been researching and studying, but this has been a big change for me.
I used to come from the perception of “this is what I was dealt.” This is the hand I was born to. It’s just how life is. If it was meant to be different, it would’ve been different. That is how I used to think. That was my mindset. I would just kind of bow down to whatever life was delivering. I don’t feel that way anymore.
I want to be, I wanna be reaching my potential. I want to have some control, some predictability, some sustainability. And I don’t mean that by, I need to control everything that happens in my life. I mean it by, I need to be self-governed and I need to control my attitude, my beliefs, and my actions that lead to my results. That’s two totally different things.
So in order to get anywhere but here, you have to have these things mapped out. You have to know where you’re going. Otherwise it’s like being on the back roads, riding around with no stop signs, no road signs, no GPS. You’re just like going in circles or squares and you have no idea what else is out there, what you’re heading towards. You’re just basically just sitting behind the steering wheel and just seeing what comes around the corner. And then don’t even realize that you’re passing the same thing over and over and that you’ve already been there before.
So when your results or not visible, you haven’t reached them. And I’m talking money, weight loss, any goal that you have set, any vision that you have. If you don’t have the numbers to prove the results, that means that you didn’t have a target. Because if you have a target, you would be performing towards it. So for those of you who are listening, and it’s just mysterious to you, how much money you made this year, how much weight you didn’t lose this year, like I don’t know what’s going on, something’s happening, these are all the results that I got. If this is you, you wanna listen to this all the way through. When the numbers are not there, that means the target is not there. So if you don’t have the results that you want right now, how can you take responsibility for what you do have?
Because this is really all about radical self-responsibility. It’s all about the personal drive that’s inside of you, the discipline, the commitment, the actions that you’re taking towards what you want. If you don’t have a target, you’ll underperform your potential. So let me just ask you this question. Do you have a clear target for your income for the next year?
If not, you’re not alone. Most people do not set targets for their income. They just kind of go through life and hope that things work out. And that’s not a very effective way to achieve your financial goals. You need to have a clear target for your income because that gives you something to aim for, something to work towards, and something to measure your progress against. Without a target, you’re just going through the motions and hoping for the best.
So how do you set a target for your income? Well, it starts with knowing what you want. What is your financial goal for the next year? How much money do you want to earn? Be specific. Don’t just say, “I want to make more money.” That’s not a target. That’s a wish. You need to have a specific dollar amount in mind. And it needs to be a realistic goal. Don’t set yourself up for failure by setting an unrealistic target. Set a target that is challenging but achievable.
Once you have a specific income target in mind, you can start to work backwards to figure out how to reach it. Break your target down into smaller, more manageable goals. For example, if your target is to earn $100,000 in the next year, you might set quarterly goals of earning $25,000 each quarter. Then, break it down further into monthly goals, weekly goals, and even daily goals.
Having these smaller goals will make it easier to track your progress and make adjustments as needed. It also gives you a clear roadmap to follow. You’ll know exactly what you need to do in order to reach your target.
In addition to setting income targets, it’s also important to set targets for your expenses and savings. Knowing how much you want to spend and save each month will help you stay on track and make informed financial decisions.
So, to summarize, setting clear income targets is a crucial step in achieving your financial goals. It gives you something to aim for, helps you track your progress, and provides you with a roadmap to follow. So take some time to think about what you want to earn in the next year, and then start breaking that target down into smaller, actionable goals. With the right targets in place, you’ll be well on your way to financial success.
Thanks for listening to this episode of More Than Mindset.