Kai Davis just sent me this excellent letter -
I love this tip. I did something similar recently. I set aside some time - not too much, just 45 minutes or an hour - and brainstormed out what I wanted my self-performance review to look like at the end of the year. What are my major objectives:
Make more money?
Meet more friends?
Learn to dance?
Regardless of what it was, I then broke it down to more actionable goals. If I want to lose weight, how much do I want to lose? How much is that each month?
Then I can focus in on smaller goals, like realizing losing 2lbs/month adds up to losing 24lbs.
I was able to divorce the destination (Lose 20lbs! Make $10,000 this year!) from the now. Instead of starting and failing when I don't lose 20lbs overnight, I have a list of long-term goals with monthly objectives. I can focus on losing 2lbs or making a few hundred this month and build a system thats easy to scale.
Thanks for the tip on Getting Some Victory. Loving the weekly emails. Congratulations on the 28,000 visitors.
I like this a lot. Kai's general guidelines -
1. Take 45-60 minutes and define your major objectives.
2. Break it down into something actionable and measurable.
3. Set a time.
4. Divide your goal by the time to completion to see how much progress you've got to make each.
"I was able to divorce the destination (Lose 20lbs! Make $10,000 this year!) from the now. Instead of starting and failing when I don't lose 20lbs overnight, I have a list of long-term goals with monthly objectives. I can focus on losing 2lbs or making a few hundred this month and build a system thats easy to scale."
You can find Kai at http://www.kaisdavis.com/.
His most recent post, "How I Earned $2,000/Hour Negotiating My Raise" is really good and worth reading. Check it out, and don't forget to leave Kai a comment if you like what he's writing.
Edit: I gave up on financial goals in late 2011 after some huge financial and artistic wins... money shouldn't be taken too seriously. For the record, they were all basically on track, some were being massively exceeded, others were a bit behind schedule, but were all happening.
I set my next 10 years of financial goals on June 28th. That was exactly a month ago.
1 year - Critical Thinking [my first book] out. Blog income trickling. Some info products. Some freelancing. Something else, some X-Factor thing bringing in cash. Net monthly income positive. Health insurance. $50,000 in the bank. Expenses = income per month minimum.
3 years - 3 to 5 books out, many products out, blog income robust, some working on big exciting deals. $10,000 per month total, $5000 passive at least. First property owned. $300,000 in the bank.
5 years - 7-10 books out, many many products out, many passive income internet properties, working on big exciting things, $50,000 per month total, $40,000 passive at least. $1,000,000 in the bank.
[caption id="attachment_718" align="alignright" width="300"] Goodbye?[/caption]
Three months ago, I said that I’m going to get abs in three months… Or I’m paying 4 people $125. Each.
In this article, you will finally see the results of the 3-month dare.
You’ll find out my real motivation behind the dare and the mistakes I made. You’ll see pictures of my stomach I really don’t want to post… And you’ll determine the fate of my $500.
photo credit: http://www.spendwithpennies.com/