In last post, I suggested 4 books and they are helping you shift your mindset to get yourself started. In this post, I am going to talk about setting up a goal. With a goal, not only it gives you a better idea to keep track on your process, but you can easily stay motivated when you see you are getting closer to your destination of this journey.
Measurable: Set up a specific goal and make it measurable. “I want to reach financial freedom” in this case is not a good example, because it does not specify how long and what financial freedom means. I would change it to “I want to earn 2 million dollars by Dec 31, 2022 in order to enjoy a financial freedom”. By doing so, it makes it easier for me to follow. by running some simple math, I need to earn average $200k in every single year for next 10 years, which means I need to earn about $16,667 every month. (Of course this is just an example and my actual goal is a little bigger than that)
Do not judge: After throwing out some numbers, many of you will try to adjust it, because you might think the number is not reasonable, or say, not achievable, however there is no need to do so. Why? I will use a little concept I learned from one of Dr. Wynn Dyer’s great presentations. Ask yourself the following questions: 1. “Am I 100% sure that I am able to achieve my goal”; 2. “Am I 100% sure that I am not able to achieve my goal”. By 100%, I mean absolutely no doubt. If you are reading my posts, the chance is you are not satisfied with you financial situation and you are willing to make changes to your life, so most likely your answer to the last 2 questions is no. Alright, if you are not 100% sure, there is a chance to each of two results, why don’t you try very hard to make the result you want the most happen? Therefore, do not judge. Also I will prove this in my future posts when we talk about market research. “Do not judge” is always always true. Trust me for now.