Follow WeCreateImpact on Twitter
 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

 
   
Handy tools
Updated interest rates
Make a plan now
Contact Us
 
ACL # 387367
FBAA Connective
COSL
 
 

Goal Setting

Goal setting is something most of us recognise as necessary for our success but few of us bother to do.  At Impact Finance we appreciate the saying

"do today what others won’t, so tomorrow you can do what others can't" - Unknown.


Taking the time to sit down and articulate your personal and financial goals is completely invaluable.  It is a powerful process for thinking about your ideal future and for motivating yourself to turn this vision of the future into reality.  Knowing where you are headed and what you want out of life helps you ignore the distractions that often get in the way and allows you to focus your efforts in the right direction.  When you set goals and start achieving them you will be amazed how self-fulfilling it can be and how much you can achieve when you set your mind to it.  When you start achieving your goals you become stronger as your self confidence builds and you begin to recognise your abilities and competence in achieving them.

A few tips to get you started:

A useful guide is Locke’s theory of goal setting, which is to apply the SMART methodology.
S pecific
M easureable
A ttainable
R elevant
T ime-bound

If your goals are not clear, concise, measureable and have a timeframe then your ability to achieve them or know when you have reached them is unclear.  Setting more challenging but attainable goals has been proven to be more successful than setting easy goals.  Each goal may have smaller shorter term tasks attached to them in order to achieve the grand plan. 

Here is an example of a simple plan with a few examples to give you some ideas.  Under each section list the top five goals for yourself over the next 5years.  Break it down again by creating a 1yr plan, and even 6mth plan if needed.   Start by setting some overarching personal/family values which define your desired general behaviour then identify the areas you wish to set clear objectives. 

 

FAMILY VALUES:

  • Be healthy and balanced in work and life
  • Be available and involved with our children’s activities
  • Be a loving and caring husband / wife / mother / father / son / daughter / friend
  • Be forgiving and patient
  • Be engaged in life and create experiences and memories for myself and/or my family
  • Celebrate family and friends

 

No
PERSONAL
FINANCIAL
FAMILY
1

eg. Work a 4 day week by year 2015

eg. Purchase a second investment property by 2011 with an out of pocket cost of no more than $500 per mth.

eg. Enjoy a one week family holiday every 6mths

2
eg. Commit to cycling 3 times a week in order to improve overall fitness
eg. Have an asset base of $1 MIL by 2014
eg. Make a date night with my partner once a month
3
     
4
     
5
     

 

Call us to find out how we can help you on 07 3262 1122 or click here