How to Achieve Goals? The SMART Way…..
SMART ways to realize goals … (applicable to Life / Health / Financial Planning/ Career …. )
S – Specific. Be Specific . For example, “I want to lose weight.” Or “I want to become rich” This is wishful thinking. It becomes a goal when I pin myself down to “I will lose 10 pounds in 90 days.” Or “I will save 3 lacs in 1 yr” etc
M – Must be measurable. Something which cannot b measured cannot be achieved. Measurement is a way of monitoring our progress. For example, 10 pounds/90 days or achieving a savings of say 3 lacs/ year etc….is measurement.•
A – Must be adjustable. Goals are not meant to be win or lose situations. Goals are just goals. You can achieve them 100%, or 85% or 50%. You can achieve them early, or late, or if things go exactly according to plan – right on time. …. Often people make the mistake of setting goals that are too rigid, where any unforeseen event can throw the goal off course and destroy the goal achiever’s motivation to keep going …..
Be adjustable and realign , refocus and start afresh when thrown off track … so make your goals adjustable according to new situations as all goals should be …
• R – Realistic. We’re an achieving generation. We want to take care of our families, to do well in our careers, get Best education for children ,to have fun, to travel. We want to buy the new car, wear the new watch, check out the new holiday destination…..etc…. Have your priorities, know your capabilities, and stretch yourself a little bit to get that extra edge.
But remember, don’t take risks where you can’t afford to, and don’t set yourself up for disappointment. Don’t wet unrealistic goals e.g.:: Losing 30 pounds in 30 days is being unrealistic. Doubling investments every year….. is unrealistic
• T – Time-bound. There should be a starting date and a finishing date. With no time frame, there’s no sense of urgency, or yardstick to measure your progress.
Your goal must be achievable. You must have the mental and physical capacity to reach the goal. It would, however, be important for your goal to cause you to stretch beyond normal self-imposed limits. You will find a goal that causes you to stretch and grow will be the goal that gives you the most satisfaction. Don’t be afraid to challenge yourself to go beyond old limits! Let Success be yours….
👉 Life is beautiful … Make it count… Weekend good reads …
(1) ❓How Do successful people COMPOUND TIME
👉 Some Common attributes of the likes of Warren Buffet ,Albert Einstein , Ben Franklin , Steve jobs , Oprah …. and many more …. on how they expand their time despite the “busy” ness … of life
(2) 🏞They say a picture is worth a thousand words but in investing it is worth so much more.
📌Having a few extreme charts on your wall can be a helpful reminder that there is no such thing as “can’t,” “won’t,” or “has to” in markets.
👉And that’s why listening to the endless prophesies of gurus and pundits can be useless
❓They don’t know anything more about the future than you or I, which is to say they don’t know anything at all.
👌🏼 A wonderful read …..Put these Charts on your Wall
👉Weekend good fabulous short video …
👉 DELAYED GRATIFICATION , or deferred gratification, is the ability to resist the temptation for an immediate reward and wait for a later reward.
👉40 Years of Stanford Research Found That People With This One Quality Are More Likely to Succeed
👌🏼The following popular short video experiment of MARSHMALLOW TEST test has over 5M+ views ….
❓What were the results of the experiment The researchers followed each child for more than 40 years and over and over again, the group who waited patiently for the second marshmallow succeed in whatever capacity they were measuring.
⭐⭐In other words, this series of experiments proved that the ability to delay gratification was critical for success in life.
👉 Show it to children .. they would love this video
👌🏼Some excellent pointers towards a better thought process and attitude – #investwise