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.