Thoughts on goal-setting

What do you do when you’ve lost sight of the peak? You reorient. That means asking questions about what is in your life. Everything. Yes, it helps if the goal is in place so that you can compare where you are to where you want to be.

But what if you don’t really have one? Or, it’s a more simplistic, immediate goal? Let’s say you can’t quite make yourself set a five- or ten-year plan.

So start small.

You want to get out of debt? Before you make that purchase, ask yourself, “Will this bring me closer to that goal?”

Unless it’s a business purchase to increase revenue or start a new venture, or some financial investment to increase returns, it’s a hard no. We know this. That’s why this goal in particular can be so difficult. You’d never buy anything!

(Obviously this won’t apply to monthly bills, or things like groceries. But make sure you have a budget and stick to it.)

One other issue that arises is when two goals seem to contradict each other. For instance, debt reduction vs. buying a new house. But if you remain focused on the steps, you can reduce your revolving debt – which will lead to a better rate on your mortgage.

And that’s all it is. A goal is a road-map. Stick to the map, achieve the goal. Then set a new one.