too late to learn? Whether these skills can enhance your career or financial state or are simply actions that bring personal pleasure, cast a wide net and list the ones that intrigue you most.
✓ Career: How do you want to seek fulfillment through your career? Be honest with yourself and sort out how you’d like to measure that success. Do you yearn to be recognized as the top authority in your field? To win an international award? To write an influential book?
What do you want to give?
Andrew Carnegie, the great steel entrepreneur, met his goal to amass a fortune in the first half of his life. His goal for the second half was to give it all away. Many of the public libraries in the United States, Canada, and the United Kingdom exist today because of his philanthropy.
An important way to balance all the want, see, and do items on your Fabulous 50 list is to include give goals as well. What are you willing or interested in giving back? How do you want to share your good fortune with others? Which causes are near and dear to you?
Your give list may include specific monetary goals – “give 10 percent of my income to charity” – but you may find more fulfillment by tying in your giving goals to your other interests. For example, if your career aspirations involve writing a bestseller, supporting a charity that champions literacy, or volunteering to teach adults to read may be goals that touch a chord with you. If you dream of traveling to exotic destinations, you may participate in a humanitarian mission, bringing medicine and other important supplies to people in a developing country. If you care deeply about environmental initiatives, maybe you want to look into ecotourism or green volunteering opportunities.
Who do you want to become?
To a degree, what you want to have, see, do, and give determine the person you want to become. But you should still envision and write down how you see yourself developing while you achieve these goals. The real value of goals isn’t what you achieve – it’s in the accumulation of knowledge, skills, discipline, and experience you gain through learning, changing, improving, and investing yourself as you work toward your goals. Often, those newly discovered or carefully developed traits are the only lasting acquisition that stands the test of time.
Don’t get me wrong – I’m not suggesting that you become someone other than who you are; rather, I’m encouraging you to earnestly and honestly evaluate the characteristics and disciplines best suited for your ambitions. To identify the areas you should focus on, take a look at all the goals you’ve written down so far (if you haven’t yet read the preceding sections, complete them before moving on here). Then ask yourself the following questions when considering your goals as a whole:
✓ What personal characteristics do you need to change or improve? Do you need assertiveness training to deal more effectively with your boss or co‐workers? Do you need to work on interpersonal skills? Does your anger get in the way of your success because you get frustrated so easily?
✓ What disciplines do you need to work harder at practicing consistently? Are you able to delay gratification and do what you need to when it needs to be done? Are you able to save regular amounts from your current paycheck, or are you waiting to make more money before you start the savings process? What if that extra money never shows up?
If you’re struggling to identify areas where you need to work on personal development, take at look at people who have achieved what you want; then evaluate your characteristics and disciplines as compared to theirs.
Consider this true‐life story: I made my first million by the time I was in my early 30s, but I can wholeheartedly say the value I gained from attaining that goal wasn’t the money (which, unfortunately, I lost a pretty good chunk of through some poor investments I made). Of deeper and lasting value are the personal characteristics and skills that I gained through the process of strategizing, acting, and investing my time on my way toward the goal. Because I’d changed as a person as a result of the process, the steps toward reaching that goal again weren’t nearly so challenging, and the characteristics I developed through the process enabled me to meet other goals as well.
I grew with each new goal I worked toward. To reach my goals in real estate sales, I had to increase my focus and discipline. When I decided to go into coaching and speaking, I had to develop better behavioral analysis and leadership to get others to follow my coaching and teaching. And to reach my goal of writing books that would help readers achieve success, I had to gather new skills in organization, critical thinking, and patience due to all these editors in the publishing business.
After you draft a list of the 50 goals you want to achieve in the next 10 years, your next task is to assign a category and time frame to each of them. Creating categories for your goals and establishing time frames to achieve them sharpens your focus and increases your intensity, which can reduce the time required to achieve your goals. It also allows you to quickly and easily see whether your time investment to the various areas of your life as well as the size and difficulty of your goals are appropriately balanced.
The objective isn’t to spread an equal number and depth of goals among the six categories; the aim is to identify whether one or two of the categories is light compared to the others and to determine whether you need to pay more attention to those areas of your life to develop them. In the end, the purpose is to create a well‐rounded system of goals that addresses your whole person and that you’ll have the motivation to actually work toward.
Assigning a time frame to each goal
I firmly believe you can have anything you want; you just can’t have it all at once and all right now. Just because you establish a goal to lose 20 pounds doesn’t mean you’ll wake up tomorrow with 20 pounds missing from your body. Realizing your goal involves a process that requires specific activity and time.
The vast majority of people who set financial goals to acquire wealth or financial independence achieve those over time. In many cases, if the amount is comparatively large, it requires 20, 30, potentially even 40 years to achieve. It requires consistent application toward the goal.
I recently did a full review of my financial goals and the progress I have made toward them. It was gratifying in that review to know that in my present savings and investment return pace, I will cross the goal completion line in less than seven years, well within my plan. It’s a wonderful feeling, knowing that financial freedom is within my reach.
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