Strategic Goal Setting For Growing Your Finances
It is necessary that we work daily to grow our finances. I have heard several times about people saying that money is not everything. But the truth of the matter is, when you don't have money, it can actually be so frustrating. I believe many of us have been in that shoe before that we lack something due to we don't have enough finances to meet the needs. At the end of the day, we begin to discover that we are working against what we actually want to do. Not actually because we want to do those things or because we want our heart to be weary but because we lack the finances to meet our needs. Our society is getting so financially demanding as the day goes by that it is hard for you not to be frustrated and discouraging when you don't have money.
In fact our society has made the situation worse that in fact our society has categorized people that do not have money as been poor and wretched and they are given less respect while people who have the money are well respected. But come to think of it, it is not only in our society but also in families and also among friends. Moving to the topic I actually want to discuss today. Most of the time, I have come to discover that it is not that we don't want to grow our finances but gradually as day goes by, we discovered that there are limitations towards growing our finances. But I am here to throw it to you that no matter what, you can actually grow your finances. The truth of the matter is a lot of people want to grow their finances but they don't have plans or should I say goal setting. But it is not only setting goals to grow your finances but it must be Strategic and that has been affecting a lot of us.
In fact that is what affected me all throughout last year, I actually have the desire to grow my finances but the truth is daily, I discovered that I lack the strategic mindset towards achieving that goal. Strategic Goal setting means breaking the goal down to step by step plans that can make it achievable. The goal is not for you to work hard alone but also to work smart.
If you want to achieve your goals, you must actually understand that it is discipline and it requires a lot of work. Take for example you set the goal that you want to increase your source of income this year to probably two or three. One thing you need to understand is that it will not be easy. One of the ways to strategically set goals for your finances in regards to that aspect is to set long term goals and short term goals to achieve them.
What do I mean by that? If you are starting with the year with only one source of income and you have it in mind to increase it to something like three. You should actually understand that those types of goals are classified as the long term goals. You will need to do the extra work of breaking it to short goals which involves probably setting deadlines to yourself that every interval of 4 months, you increase your source of income by one. If you should carefully look at it, at the end of the day, when all those short term goals are achieved, the long term goal is also achieved. That is one of the major ways of setting strategy goal settings. There are several benefits breaking your long term goals to short term goals helps you to achieve.
The first one is it helps you to stay focused. You know the particular deadline you want to achieve those short term goals and you are rigorously working towards it day by day. Instead of you being distracted by another thing or something else, you stay focused on that short term goal because you actually want to meet the deadline. So it actually helps you to stay focused. Desiring to achieve a goal is not enough to achieve those goals. In fact most of the time, it makes it difficult for us to achieve it because whenever our desire faces frustration towards achieving that financial goals, we easily give up.
The second benefit that breaking your long term goals to short term goals helps to create in you is something called consistency. It is one thing to start something, it is another thing for you to actually continue doing that. Well at the end of the day, we discovered that it was not supposed to be so but it was so. A lot of us will have achieved those goals only if we are more consistent. Only if we are more consistent in the effort we are putting, in the demands and the hard work we are putting in daily to achieve those goals. So one of the ways breaking long term goals to short term goals helps you to do is to help you stay consistent. You know that which you want to achieve and you keep doing everything possible to achieve it. You know you have a deadline to achieve those goals and so you are working daily to achieve them helping to stay consistent.
Every financial goal can be achieved only if you have the strategic plans towards achieving them. Go back to those financial goals you have given up on and find a way of restarting to plan the goals strategically by making use of those few tips I have pointed today and you will see that it will work wonders for you.