Watching the ball drop yesterday reminded me that I had not finalized my personal and financial goals for 2015. I have set goals for the past five years and found that I am much more successful if I write my goals down and put where I see them everyday. This year for the first time I am posting my goals on my blog. Additionally I am printing my goals out and taping them to the inside of my gym bag. This location seemed appropriate for two reasons: First, I workout five days a week, so I am forced to see my goals almost daily. Second, two of my goals are fitness related.
I have set 11 goals this year, three are financial and the remaining eight are personal. All of the goals I set are SMART – Specific, Measurable, Achievable, Realistic, and Time Based. The SMART approach to goal setting is a great tool that if used properly ensures ones goals will be successful. I wish I was smart enough to claim the SMART System as my own, but I did not invent it, I just follow the process. SMART Goal Setting was introduced by George Doran, Arthur Miller, and James Cunningham. To learn more about SMART, here are a few resources. SMART Goals Guide, SMART Goal Examples.
The SMART approach to annual goal setting is a great tool that if used properly ensures ones goals will be successful. Since adopting this approach, I have experienced a much higher success rate than in previous years. As always, your questions, comments or suggestions are encouraged. I am very interested in your goals. Please join in on the conversation and share your goals. Lastly Dividend Mantra posted a great review of the SMART system.
My 2015 Goals
- Add $50,000 to my portfolio
- Max out IRAs ($11,000)
- Max out 401k ($18,000)
- Invest $21,000 into Investment Hunting portfolio personal retirement fund
- Earn $1,500 in dividends
- Create 200 Blog Posts
- Bench Press 200lbs
- Lose 17 lbs (target weight = 200lbs)
- Bring joy to others everyday; stay positive and don’t feed into negativity
- Engage in a new conversation everyday with someone I do not know
- Read 12 books
- Call my family and friends at least once a week
- Put my cell phone away once I am home from work and focus on family
- Take my wife on a date once a week
What do you think of the SMART Process? What process do you use to set goals? What are your 2015 goals? Please comment.
Latest posts by Investment Hunting (see all)
- Stock Buy – 100 More Shares of VFC Corp - January 22, 2017
- Building A Diversified Investment Portfolio With Lending Club - January 19, 2017
- Why You Need to be Playing Financial Offense This Year - January 16, 2017