The long and short goal method
The first goal setting method we’ll cover is probably the one you’re most familiar with. This is the setting of long-term goals that can be broken down into smaller ones. The way this method works is by setting long-term goals that you want to achieve over a specific period of time.
For example, write down 10 goals that you want to achieve in the next five years. Then determine what short-term goals you’ll need to achieve to make it happen.
These short goals can be things you can do in a week, a month, or can take up to a year. There are no time limit requirements on short-term goals. The only rule is that they lead to long term ones.
The checklist method
If the above method doesn’t appeal to you, you can try the checklist method. The checklist method is similar to the long and short method, but it reduces your to-do list to a daily level. The way to use this method is by creating your long-term goals. Then make a list of things you can do on a daily basis to achieve those goals. This will be your daily checklist. Put it on your phone or tablet, or as your desktop wallpaper, and make sure you check off all those goals every day. At first, it will be hard to get used to, but after a while, it will become second nature to finish your checklist before you go to bed.
The journal method
Finally, there is the journal method. The journal method simply encourages him to write down his goals in a journal or journal, and then write an entry as often as you can about what he’s doing to make progress toward his goals. This is a much less restrictive method than the checklist or journal and may be preferred by highly creative people.
Three financial habits that impede your success
When it comes to financing, some people have developed habits from the time they started handling money that have brought them a certain level of achievement in their lives, whether it’s having good enough credit to put money away for emergencies or future investments. But most people aren’t that good at managing their money. You don’t have to become a financial guru to be successful, but there are three habits that almost everyone has that will most likely prevent you from achieving the success you want.
spend money on convenience
One of the worst bad habits people have, especially in the United States, is spending money on convenience. Store owners also know this and take advantage of it. For example, while you might be able to go to a large department store and buy motor oil for $2.50, you’ll pay $5 or $6 if you buy it at a convenience store. Knowing that you are paying a lot more money for not having a lot more comfort will allow you to stop when you are considering it. Put that money in savings instead.
Not keeping good records
Another financial habit that will make it difficult for you to succeed is not keeping good records. Keeping records of your income and expenses is important because it will help you know what you’re earning and spending relative to others and can see ways you could save money. Saving money is vital to future financial success because it’s available in case of an emergency, will help you avoid credit card debt that could block your path to wealth, and could become your seed money when the next big idea comes along.
Not creating or sticking to a budget
Another thing that people do is not create a budget, or even if they do have a budget, they often don’t stick to it. This means they are less likely to save money and will not learn the skills that will be required to start a business and manage finances in the future. Creating and sticking to a budget is directly related to business success, and many of the world’s best entrepreneurs say it’s one of the most important skills to have.