There are plenty of people who work hard and earn a decent wage, but many of these people do not know how to manage their money effectively. Due to the lack of knowledge, they make poor financial choices and have nothing to show for it. The goal of http://www.civilaccomplishment.com is to help give hard-working people a new perspective on how to manage their money. I want you to grow financially and achieve your goals. I am also learning new methods to work more effectively and produce results faster each day.
For the longest time I wanted a Mercedes-Benz G-Wagon. I still do want one, but know spending $120K-$150K on a vehicle does not align with my long term goals. I am sure you can think of some luxurious items you would like to purchase. It takes discipline to take a step back and look at the bigger picture. This is why we need to set short term (less than 5 years) and long term (more than 5 years) goals. You should also include goals outside the realm of money.
Short term goals (less than five years)
Long term goals (more than five years)
Some of the short term and long term goals may be similar in category, but should differ by level of achievement. A long term goal should be greater in achievement level than a short term goal. It is also important to keep in mind goals may vary in time depending on your progress. This does not always mean you are changing the goal because you are not reaching the goal. It could mean, you are surpassing your goal sooner than you expected, so you should push the level of difficulty upward to stretch yourself. For example, if you set your 401K to be at $100K by the end of the year and you are already at $90K by the middle of the year, you should probably push your year end goal up.
Throughout reading the blogs posted on Civil Accomplishment, please think about your goals and where you want to be. Without setting goals, how will you really gauge where you want to be and if you are meeting your expectations? If you do not succeed, you can adjust your goals and rethink your plan on achieving your goals. It is very-very important to write your goals somewhere, so you can hold yourself accountable for achieving them. I cannot emphasize this enough. Creating a goal and documenting it is the first step in allowing yourself to accomplish a goal.
In the upcoming months, there will be postings specific to goal setting with specific examples of what works and what does not work. Stay Tuned!!