The Minimalist Guide To Setting Annual Goals

Goal setting activities

It’s Monday, 23 January 2016 as I write this post and reality has kicked in for most people.

One can be excused for taking things easy in the first and second week of the year.

Come the third week, it’s back to the grind.

But the key question every person needs to ask themselves is: what grind am I going to pursue this year?

I know too well that many people find New Year’s Resolutions tedious. Setting goals at the start each year has become too much of a cliché. It is often hype, that lasts no more than 3 months for most.

In fact, according to the University of Scranton, the shocking truth about New Year’s Resolutions is that:

  • Approximately 55% of society don’t bother with New Year’s Resolutions
  • 8% of those who set resolutions at the beginning of the year, actually achieve those goals

Despite the above potentially discouraging stats, I still believe whole-heartedly in setting annual goals. More importantly, I believe that we all have the capability of not only setting, but achieving our goals if we resolve to avoid common everyday life distractions.

Hopefully, through this post I can give you an idea of how to set simple, yet powerful goals.

Establish a “Big Picture”

In the Wealth Creation E-Course, I cover goal setting extensively.

In Part 1 of the Goal Setting series, I highlight that setting powerful goals requires a big enough “Why”.

The “Why” is the “Big Picture”. To develop a solid “Big Picture”, you need to clearly identify your:

  • Belief Systems
  • Vision and Mission
  • Gifts and Talents

In addition, I highlight the importance of balance, highlighting what I consider to be the 8 key areas of our lives:

  • Spiritual
  • Mental
  • Physical
  • Vocational/ Career
  • Financial
  • Relationships
  • Pleasure/ Leisure
  • Charity/ Giving Back

Ultimately, before you even begin to set goals, there has to be a solid foundation based on a “Big Picture”.

Create a Simple and Powerful Approach

The next step after your “Big Picture” is implementation.

I often find that too many people have an implementation strategy without a “Big Picture”. The result is that along the way, you lose steam. For various reasons, people turn their backs on their dreams and goals because they don’t have a compelling “Why”.

So how exactly do you implement?

How do you link the “How” to the “Why”?

Here’s a simple checklist you can use:

  1. Compile a Life Mission Statement
  2. List ALL your goals for the year
  3. Place your goals in the different key areas of your life
  4. Prioritize your goals
  5. Establish the start dates for your goals (when do you want to start working on them?)
  6. Establish the deadlines of your goals
  7. Place your goals on a time-line (month by month time line)

This Part 1 of your “How”.

Part 2 is getting your monthly goals to a practical day-by-day implementation. That comes with planning for your challenges.

Crazy as it may sound, you need to anticipate and plan for your challenges. But, I’ll cover that in a separate post.

Conclusion

Goal setting need not be a complex exercise.

However, without a clear Mission and Vision for your life, the above steps often become a futile exercise.

You also need to realize the importance of setting balanced goals.

I sincerely believe that you need to have a balanced and pro-active approach to your life. I’ve learnt over time that what you don’t pay attention to pro-actively, you will one day be forced (re-active) to take care of it.

That’s where the power lies. Be balanced, pro-active and realistic versus re-active.

I hope this post has been of value.

God Bless!

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