Five Types of Goals: Part 1- Financial Goals!

Financial goals are perhaps the most common type of goal! Everyone wants to be wealthy. Your financial goals will determine how wealthy. In designing your financial goals you have to decide how much money that you want to make per month, per year, per ten years, and so on. You can make goals that deal with investments (how much do you want to make out of your investments) and the segmenting of your business (how much money do you want to make from different segments of your business), etc…  If your goal is to just be financially comfortable (not wealthy), that is a fine goal to maintain and an easier one to accomplish. I would however submit this question: If you can create wealth, without neglecting your other goals or family (which should be part of your goals anyway), then why not set a higher financial goal?

Now you do want to try and keep your goals within reason, but not within reality. When people claim to be realistic they are usually just setting a low bar for themselves and are cutting down their potential. Let me give you an example:

A reasonable man might set goals like, “I am going to make $500, 000.00 this year. And next year I want to make $1,000,000.00. The year after that I want to double what I have made”. Those would be reasonable goals. If you think that those goals can never be accomplished then I would submit to you that you are trying to be too realistic, and are thereby missing a greater, bigger picture.

A realistic man sets goals like, “I am going to make $80,000.00 this year (maybe). Next year I am going to ask my boss for a raise and start making $120,000.00. Then I will invest more in my 401K, and try to make good investments to increase my profit”. Now if all of that is your goal; well, they are not bad goals. But they are short fall goals. You can do better. A lot better! You just need to start thinking beyond your reality, and step into the reality of a successful entrepreneur.

Now an unreasonable man might set goals that defy all logic and reason. These goals might sound like, “I am going to make 1,000,000,000.00 this next year and quadruple that next year”. That is an unreasonable goal, because although technically doable, it is almost impossible to make that kind of money unless you have already established substantial wealth. So yes that may be doable for Donald Trump (even for him that might be a stretch) or Bill Gates (not such a stretch), but probably not doable for someone just starting out on their financial goals.

Keep in mind, that in this great country, millionaires are made (by their own ambition) every day. Set your bar high, because that bar can be reached. And, you will reach that bar if you are determined, and prove yourself to be worthy in reaching it. Just don’t set the bar so high that you need a space ship to reach it.