In this sense, see the main characteristics of the “perfect goal”.
S (Specific)
The first letter of the acronym SMART, which in English can also mean “Intelligent”, is very important. As the name says, it should go straight to the point and be as vague as possible.
It is the case of two people with similar goals, but developed differently. The first person aims to: Go to the United States.
Therefore, it did not go much further and remained in the comprehensive dream, nothing specific. She only knows that she wants to travel to the US in 2021.
However, the second person went further and set a goal called “Travel to Disney in October 2021”.
Now we ask: which one is more likely to be achieved?
Very simply, the most specific goal, obviously! After all, going to the United States can involve a lot. A trip to New York and one to Florida involve different costs.
In addition, traveling in February is different from traveling in October. In other words: there are a number of variables that can completely change your financial strategy.
So, whenever you can, be very specific.
M (Measurable)
Now, let’s move on to a measurable goal. If you know that you want to “get rich” in 2021, what is the level of wealth for you? The same goes for goals like:
- Make money ;
- Lose weight;
- Have more self-esteem;
- Be healthy;
- Stop drinking.
When goals are not measurable, it is much easier to give them up and become demotivated halfway. You need to apply ways to achieve them, whatever they may be.
For example, about the goal of “losing weight”. How much do you want to lose? How will you know you are getting close to reaching it?
In this sense, in addition to being specific, it must contain ways of understanding and analyzing evolution.
A (Attainable)
Both of the characteristics we pointed out above reflect another need: to be attainable. In that case, we don’t even need to talk about it much. It is not?
After all, if you set those goals that are actually more like dreams, you will hardly be motivated to keep trying.
Therefore, the best way is to invest in smaller but attainable goals. When we talk about finance, we know that little by little, we achieve what we want.
So focus on consistency.
R (Relevant)
When working with goals, we can get excited and think about a number of different things.
However, think about your current reality and priorities. It’s time to understand your priorities, reconcile with the family’s wishes, and analyze which ones can be left for later.
T (Temporal)
Let’s go to the last way to set good goals. If you don’t set a time frame, how do you know when you got there?
Therefore, whenever you think about something, also understand when you want to reap the results achieved.
It is the same example of investments. According to the date of payment of the amount invested, you can have completely different earnings