Day 11 – It’s Now Time To Press Fast Forward!

Hello, how do you feel today?

It’s Mike from Fabulously Broke, are you ready to press fast forward in your life and get excited by what is coming up for you? Today’s lesson is about setting goals and tracking them so you reward yourself for becoming a personal finance maven!

Day #11: It’s Now Time to Press Fast Forward!

If you have made it this far, it’s because you are incredibly motivated. KUDOS TO YOU! But I know how motivation can fade away. After all, I have sent you several emails for the past 6 weeks but your quest to control your personal finance doesn’t end with this email (duh!). So, how can you keep up your motivation? How can you make sure that you won’t fall back into your old habits again? You know what? controlling your personal finance is as hard as losing weight and keeping a hard body. But there is a trick to keep your motivation at a high level at all times: I call it The Fast Forward Method.

This method is quite simple: all you need to do is to set goals. But not any kind of goals, they must be SMART GOALS:

****SMART GOAL

ü  Specific: I

want to increase my net

worth increase my net

worth by paying down $10,000 in debts and saving an additional $10,000.

ü  Measurable: I want

to increase my net worth want

to increase my net worth to $200,000.

ü  Attainable: I want

to be rich by the end of this yearwant to increase my net worth to

$200,000 starting from $180,000.

ü  Relevant: I want

to make more money than my neighbor want

to get a raise in order to save more money and pay off my debts.

ü  Time-Bound: I want

to eventually pay off my debtswant to pay off my debts within the

next 12 months.

As you can see, SMART GOALS are more oriented and achievable goals than a simple New Year’s resolution. The point is that having goals is not enough; you need a plan that goes with each of your goals.

Page 1 of 2 | Next page