The best advice I’ve ever gotten on setting long term goals is one I heard at a client I was working with. His team was making five year goals. It’s a difficult thing to do. It’s easy to make a vague statement about where you’d ideally like to get to in five years. To make it concrete, he told his team that they had to make a one year goal that bridged to the goal in year five and that they would commit to do before the year was done.
This is something you can do for any longer term goal, from one year to ten. Let’s say you want to run a marathon in a year. Then decide what your goal is for the next 1-3 months that brings you closer to that goal. If you want to own a house in ten years, what are you doing in the next 1-2 years to get there. By committing to shorter term goals, you get greater certainly you will achieve your longer term goals and you get closer to them with each short term goal you achieve.
If you want to set some financial goals, try reading this: How to Save for Short & Medium-Term Financial Goals? | WiserAdvisor – Blog.
It’s also where I got the image above.
