The Millionaire Blog

Setting goals is vital to your success. You have to know the end result before you can set goals and tasks to achieve it. If you don’t know where the target (goal) is you will miss it every single time. Setting goals establishes the target, something to aim and shoot for. You have to know what it is and where it is. Here is how I defined goal.

My goal is to have a net worth of one million dollars within 36 months.

Now, I could have easily said “I want to be a millionaire,” or I want to earn a million dollars. I didn’t because those goals are not specific or clear enough.

A focused and clearly defined goal gives me a destination ( One Million Dollars in Net Worth) and a time frame (36 months) and it also gives me certain guidelines within which I have to work in. Earning one million dollars but wasting it and not investing it properly is not what I want to do. My net worth has to be fairly liquid or at least 50 percent of it has to be easily accessible, preferably cash in the bank in the form of mutual funds and money markets. The remainder can be and should be real estate.

No that I have my “Big Goal” established then I can start setting smaller goals that will get me to my destination.

I’m sure you’ve heard the expression “How do you eat an elephant?”, One bite at a time. Same concept with a big goal. Give yourself smaller goals that will move you forward towards your big goal. Focus and work towards achieving the smaller goals and pretty soon you will reach your destination.