September 20, 2023

Why Is It Important To Set Goals?

When you have a goal, it helps you concentrate your efforts on finding ways to reach it. Let’s say you make a decision and start focusing on achieving a particular goal, especially within a specific time frame. Your amazing subconscious mind kicks into action and starts coming up with ideas and strategies to make the goal a reality. It starts playing around with different possibilities and figuring out how to successfully accomplish what you set out

When you set a goal, both your conscious and subconscious mind get to work and start creating a plan of action. You’ll notice yourself asking questions like, “What do I need to do to make this goal happen?” And guess what? You might just come up with incredible ideas and solutions to overcome any problems or obstacles that have been standing in your way. You’ll be surprised by the solutions and ideas that start popping into your head—they may be even better than you expected!

You know what’s really amazing? Our subconscious mind! It’s like a super powerful tool that can help us reach our goals. And here’s a cool trick: the more you keep your goal in mind and remind yourself of it, the harder your mind works to figure out how to make it happen. Sometimes, people even get answers and solutions when they’re fast asleep and dreaming. It’s like our minds never stop working, even when we’re catching some Zs!

Have you ever thought about this? It’s interesting to see that being rich doesn’t necessarily mean having a super high IQ or a fancy university degree. If it did, all doctors and university graduates would be rolling in wealth. But guess what? Statistics actually show that most of them end up in the same boat as about 95% of the population. It just goes to show that there’s more to success and wealth than just academic qualifications.

You know what most rich people have in common? They set goals for themselves and actually achieve them. They understand the importance of investing time in learning about creating wealth. They’re open to learning from both the mistakes and experiences of others, as well as their own. These wealthy folks set goals and realize that by familiarizing themselves with how others have succeeded, they’ll have a better chance of achieving their own goals. They don’t believe that working harder and longer is the key to financial freedom. Instead, they focus on using their available income wisely and making it grow. They know that utilizing what they have is the real secret to building wealth.

Setting Goals.

When you’re setting your goals, it’s important to be really specific. Just having a general idea like “I want to buy investment properties and become wealthy” isn’t enough. You need to dive into the details. For example, you could say, “I want to own my first investment property within six months. I’ll start saving for the legal and bank fees, and I’ll borrow 100% of the property’s value. I’ll search for a three-bedroom brick veneer house that’s either brand new or less than ten years old. It should be in a convenient location, close to schools and shopping centres. Most importantly, it needs to be structurally sound and require minimal maintenance. Once I find the property, I’ll hire an experienced agent who can manage it for me and find a reliable tenant.” See, by getting specific, you have a clear roadmap to follow and increase your chances of achieving your goals.

Now, this is what I call a specific goal! But you know what? You can add even more to it. When your goal is specific, your mind starts firing off questions like, “How much money will I actually need for those fees and charges? And how does that amount break down on a weekly basis? Do I need to take a closer look at my current expenses and figure out where I can cut back in order to save up the required amount?” Specific goals are awesome because they help you create realistic action plans. You know, there’s an old saying that goes, “If you fail to plan, you plan to fail.” So, having a detailed plan in place increases your chances of success.

Here’s a neat trick: Write down your goals on a piece of paper and put it somewhere you’ll see it often. Trust me, it works! When you do this, both your conscious and subconscious mind kick into action. You’ll start asking yourself questions and, guess what, your mind will come up with answers. Before you know it, you’ll realize that you’ve already started taking the necessary steps toward achieving your goal. It’s like magic!

Having a bunch of goals at different time intervals can be really helpful. Think about it: you can set goals for your day, your week, your month, your year, even your next ten or thirty to forty years! The beauty is, you can always refine and adjust your goals as time goes on and circumstances change. It’s all about adapting and staying on track as you move forward. So, don’t be afraid to tweak those goals along the way—it’s all part of the journey!

Here’s an interesting approach for you: Why not start with your 40-year goal and work your way backward? Start by figuring out what steps you would need to take to achieve that big goal. Then, spread those steps out across the different time spans leading up to it. Break it down into smaller milestones that gradually build up to the final result you want to achieve. It’s like connecting the dots from the end goal all the way back to where you are now. This way, you can create a clear roadmap for yourself and have a better understanding of what needs to be done at each stage of the journey.

When you’re setting your goals, it’s important to keep them realistic and achievable. Don’t aim for something that’s too difficult or out of reach. Instead, break your big goal into smaller, more manageable ones. Take it step by step on your journey to success. And here’s the key: stay positive. Believe in yourself and your abilities, even if others try to bring you down or tell you it’s not worth it. Trust me, their negativity won’t define your path. Keep pushing forward with confidence and prove to yourself that you can make it happen.

Setting and achieving goals can do wonders for building your character. Here’s an interesting titbit: our brain can’t hold both positive and negative thoughts simultaneously. So, if you stay positive, you can actually dispel those negative thought patterns. Even if you encounter little obstacles along the way, don’t give up! Instead of dwelling on the problem, shift your focus towards finding a solution—adopt a positive mindset. By focusing on finding solutions, you activate your brain’s problem-solving abilities and discover ways to overcome challenges. Remember, obstacles are just bumps on the road, not roadblocks. If you see them as opportunities to learn and grow, you’ll be unstoppable. Think about it: children learn to walk by falling down multiple times. Keep your eyes on the long-term achievements you want to fulfill, and you’ll find it easier to overcome any hurdles that come your way.