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Set Your Goals High

Have you set your goals for the 2014 season? Perhaps more importantly, have you set your goals for the next 5 years or 10 years? If you are young, you should even have goals for the next 40 years. Sure, many of them will be altered by the time you reach that marker in time, but the very fact that you have a conscientious goal written down somewhere will make it much more likely that you’ll accomplish something of importance in life, rather than just living from one day to the next.

Aim High, Don’t Worry About Missing

I set goals for myself all the time. I have found that it is the best way to get things done – otherwise I may get into the typical habit of putting it off for tomorrow. You must know people like that. When you ask them when they plan on doing something, their response is typically, “Oh, I might get to that tomorrow.” If you visit them two years later, the task still won’t be done, but they figure that they’ll get to it “tomorrow”.

As I have mentioned before, I have set a goal of paying off my entire mortgage this year. Since I still owe $54,200, that means that I’ll have to come up with a little more than $1,000 a week to pay it off in full. That just sounds crazy! But, by simply setting this goal my brain begins to think, “What can I do to accomplish this?” I already have multiple business ideas that will get me closer to reaching my goal. Then, once I have paid off that mortgage I will have a massive cash flow with nothing to put it towards except investments! Sounds good to me.

To be completely realistic though, it is likely that I won’t pay off my mortgage this year. I certainly will do everything in my power to achieve it, but what if I don’t? Let’s say that instead of paying off $54,200, I pay off $40,000? That is still amazingly impressive, and that means that I will only have $14,000 more to go on my mortgage by the time the year is over. Sure, I missed my goal, but by trying to hit it I have accomplished far more than someone else that never made a goal in the first place! And that is the power of a goal.

The Smaller Scale Goal

Maybe the mortgage payoff is a bit too large to wrap your head around. I have another example of a goal I set just this past weekend. I was at my girlfriend’s house, helping her renovate, and we set a goal to complete the upstairs landing. This space had random wallpaper and cracks in the walls and ceiling. Our goal was to strip the wallpaper, patch the cracks, fill the holes, prime the walls, and put on a fresh coat of paint – all in one day! It was a pretty crazy goal, but guess what? We nearly accomplished it. Our goal had to wait just a few more hours into the next day when we applied the last coat of paint. Without the goal, we most likely would have patched some holes and removed the wallpaper, but never would have found ourselves painting the walls. Try this yourself when you are working on projects or thinking about the future. Set your goals high because even if you miss, you will find yourself accomplishing much more than someone that had no goals at all. Best of luck to you!


This article was written by Derek Sall, founder of LifeAndMyFinances.com – get out of debt, save money, and be rich!

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