Whaa? Goals? Yep, I’m a bit late to the party. In fact, I lost my invitation and they wouldn’t let me in the door without a lot of begging and pleading. I even had to spot the goals angel a $20 to be allowed to even talk about my goals in February.
I tried to tell him a $20 wouldn’t fit into my frugal extremist budget at the moment but a fiver just wasn’t acceptable. Even angels have standards.
It’s been a bit tough planning out my goals this year. Why? Well, for starters, being unemployed changes things a bit. It affects not only my finances but also career and life goals. It means RRSP savings are delayed, and debt repayment could potentially not be where I want it to be. It makes me feel like a fumbling idiot, but I do hope you’ll cut me some slack. 😉
Since I’m not a fortune teller, nor do I want to live in the past, all I can do is work from today, set what I want to achieve and believe that I can do it.
3 Reasons To Have Only 5-7 Goals For The Year
Reduce overwhelm and achieve more. Several years ago, I thought it would be fun to set 34 goals for myself. It was insanity at its best, believe me. Even though they were specific with timelines, it was overwhelming. My brain couldn’t figure out what to focus on. This is the problem with goals, when we want major change in our lives, we can get a bit overzealous.
Setting too many goals can lead to analysis paralysis and complete chaos. Overwhelming your brain is not the goal here.
Make it constructive improvements not destructive wants. The sad truth is that most of our goals are really just wants instead of something truly constructive that will allow us to grow and change as a human being. If we focus on what helps us to grow as an individual, the wants usually get covered in the process.
Use the “Life Pie” to set goals. It’s beneficial to look at all areas of your life and set goals for each. For example, Career, Lifestyle, Family/Relationship, Spiritual, Health, etc. You’ve got five categories right there. Choose something you truly want to accomplish for each and go to it! Easy peasy.
Without further ado, here are my long awaited goals:
Goal # 1 World Domination
Goal # 2 World Domination
Wait…uh; those are not quite my goals. Was wearing my Wonder Woman outfit when I wrote that, let’s try this again.
Goal # 1 Get financially free. Pay off $27,900 debt by December 31, 2016. Not sure how I’ll do this without a job, but I know things will come together and I’ll do my best. The how always presents itself when you focus on what you want to achieve.
Goal # 2 Make $100K in income for 2016. Again, the how is not clear but I know it will happen. Part 2 of this goal is to have a job by April 30th 2016 and something I truly enjoy doing.
Goal # 3 Less equals more – live a frugal extremist lifestyle. Live on $1200 a month or less from now on, whether working or not. My original goal was $1000 but the cost of living (food primarily) has been increasing and making it difficult to stick to the $1000. It also doesn’t leave me any room for one lunch a month with friends or networking meetups during my job search.
Goal # 4 Get creative. Start a Vlog by July 1st 2016. Yep, you read right, I’d like to start a Vlog. I enjoy photography and any time I’ve created a video in the past, I’ve had a fun time doing it and believe it or not, I enjoy editing. Heck, I’ve got all the gear so why not?
Goal # 5 Sell it ALL. If it’s not something that I need to survive or brings me great joy to have, it’s gone. End of story. I already removed 50% of the clutter in 2015; time to rid myself of the rest. Proceeds to debt repayment only, no spendy spendy.
Goal # 6 Healthy attitude gratitude living. Live a clean, vegetarian lifestyle for the remainder of 2016. This includes practicing gratitude daily, intentional living, exercise, and minimalism.
Goal #7 Write every day. Pitch 6 publications whether online or print/magazine in 3 niches, twice per month for each at a minimum. Besides personal finance, I also love the outdoors/adventure, photography and design. This will finally get that side hustle off the ground that I’ve been intending to do.
Why are there no savings goals?
Well, no job means no savings right now. Ridding myself of debt is a higher priority than savings at present.
Goal #4 has me the most freaked out. I’m normally a private person so starting a Vlog invites everyone even further into my inner circle. On the other hand, I love creating videos and editing (go figure) so much that being freaked out probably won’t stop me. We’ll see how it goes. I’ve also been rather inspired by vloggers Casey Neistat and Michelle Phan.
You would think trying to earn $100K would have me the most uncomfortable but for some strange reason, it doesn’t.
There you have it. I’m keeping it simple this year and doing the Michael Hyatt method of 5-7 goals max per year. I’m removing the analysis paralysis with too many goals and I’ll be setting small action steps each month to get me closer to the finish line of each goal I’ve set.