Today, I will be sharing what I learnt about goal setting from my millionaire friend Jet Toh. Jet is a remarkable man whom I had the honor to meet recently. One of the things he taught me is to systematize my goal setting process, through the use of 9 powerful questions:
1) Is your Goal S.M.A.R.T.?
Specifc
Measurable
Achievable
Realistic
Time-Based
I am sure you know what a S.M.A.R.T. Goal is (because you are all incredibly SMART people!) so I won’t go into too much detail here. Let’s just use an example to illustrate this point:
“My Goal is to achieve a net worth of US$1 million by 1 January 2009, 0000hrs (GMT +08:00).”
2) Why must you achieve your goal? What’s the pain associated with not achieving the goal? What’s the pleasure of achieving the goal?
Using the previous example, the pain associated with not achieving the goal would be:
“I would have to slog hard all my life and be a perpetual money-making machine for others!”
The pleasure would be:
“I would be able to invest the money to grow income passively and have more time and freedom to do the things I like.”
3) What do you consider as the most important thing in your life?
Is it your family, personal development, health or financial pursuits? Could it be your career, friends or maybe even time for leisure activities? Identifying the most important thing in your life right now helps you to focus and set clear goals based on your priorities.
4) Is it a must or is it a want?
There’s a big difference between wanting to achieve a goal and having it as a must. We all want to achieve a lot of things – that dream house and/or car, to lose weight, to write a book, to have that million dollars in your bank account etc. But why do most of us not achieve those desires?
Because it is simply that – a mere desire. It’s not a must. It’s not something that needs to get done! Unless you make your goal a must, it is very likely you would never achieve it.
5) What obstacles are preventing you from achieving your goal? What must you do to overcome them?
Knowing what you must achieve is not enough. You have to anticipate the challenges you are likely to face. Think about what you can do to deal with those challenges and perhaps turn them into opportunities.
Going back to the “millionaire goal”, some obstacles could be the lack of know-how and suitable, qualified mentors. One way to overcome this obstacle is to attend more seminars and networking events to get to know more people and discover new business opportunities.
6) What are the resources that can help you achieve your goal?
Who are the people you know or should know that can help you achieve your goal? List them down.
What are the skill sets you possess, that you believe can contribute towards reaching your goal? List them down too.
Knowing and gathering what you need will aid in propelling you towards achieving what you are aiming for.
7) What is your plan? How are you going to achieve your goal?
Now, you may have heard this before:
Your “How” is important but it is not as important as your “Why”, because once you know your “Why”, somehow you would be able to figure out your “How”.
You can start off having a goal without knowing “How” you are going to achieve it. But along the way, you MUST figure it out.
Are you going to earn your first million from internet marketing or the stock market? Investing in real estate or network marketing? What are the concrete steps you must take to move yourself closer to your goal?
Your “How” prepares you to execute on your goal. Rack your brains, form a mastermind group. Think about HOW you are going to achieve your goal.
8
To get where you want to go, you have to change what doesn’t work. Installing new empowering habits is crucial.
Now that you know your target and you know how you are going to achieve it, delve into the details of what needs to be done every single day to move you forward, gradually but surely, towards it.
9) Are you using the power of your sub-conscious mind?
Learn to harness the power of your sub-conscious mind. There are 3 ways you can do that:
a) Autosuggestion
The sub-conscious mind cannot differentiate between truth and lies. If you repeat something over and over again, your sub-conscious mind will believe it to be true.
One way to capitalize on this fact is to make an audio recording of your desires and dreams. Listen to this every night just before you sleep and every morning just after you wake up. These are the times your sub-conscious mind is most receptive.
b) Write down your goals
It is very important to have your goals written down and pasted on places you frequent such as your desk and the bathroom mirror. This will fill your sub-conscious mind with constant thoughts about those goals. Let the power of your sub-conscious mind work in your favor.
c) Dream Board
A dream board is basically a pictorial representation of your goals/dreams. You can create a dream board by using magazine clippings. For example, you can cut out a picture of your dream car and paste it on your dream board.
Like your written goals, place your dream board in a visible place so that you can look at it every day.
Many people swear by the wonders of a dream board. There is also a scene in The Secret (Law of Attraction) that talks about the power of dream boards and manifestation.
Create a dream board for yourself today. You will be amazed at the results!
Additional Resources
Think and Grow Rich elaborates on some of the concepts here such as Masterminding and Autosuggestion. Secrets of the Millionaire Mind highlights the differences in mindset between the rich and the poor and middle-class. Exposing yourself to new ideas through books, videos and seminars can definitely give you a broader perspective and help you in defining your goals.
You may also want to check out:
Affirmations Software – Affirmation Goal Setting Motivational Software, For Improved Mental/physical Health, Personal Growth
The Midas Method – Personal Growth, Goals and Prosperity Consciousness E-Book
What do you think of this guide to goal setting? Are there other important questions you feel might have been left out? Let me know. Leave a comment!
If you like this article, buy me a fruit juice!
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It is important that the goal be specific, because being specific means that you are more committed than you would be if you were vague.
hi thanks for visiting me!! u hv a really good blog in here!! i didnt know about the SMART goal…. in what world am i living in??
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I have to give a big kudos to Life Coach Priscilla Palmer for starting her Personal Development List and a thanks for recognizing The PDA Pro Blog. I have decided to publish the list on my site as well for…
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Great article…in fact, great summary as it pinpoints t the most important topics…
I think these are great tips to building a better business. If you use these tips and make them habit you will surely succeed.
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I think positive and being active since i joined in Questnet.Everyday i like reading or doing something new and your topic is a good experience to learn. Thank you Shun Jian.
hi shun jian, thnks for the enlightened words.
Thank….your articles make me think again about my goals…..thanks again and God Bless You.
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Thank you shun jian for helping me
To reach my goals in life!
You’re welcome Sean! Tell me more… =)
Thank you for A Millionaire’s 9 Question Guide to Goal Setting
Thank you for helping me understand exactly what to do achieve my goal. You have helped me very much already with your affirmations! Thank you!!!
You’re welcome Debbie! You can help your friends out as well by refering them to http://RichGrad.com/gift.html to sign up for my personal development newsletter and get the 101 affirmations =)
Cheers,
Shun Jian
Hi! you are like an angel. This article of yours has come to me at the right time of my life! I just needed this. Though i had written my goals, it was not as specific as your article says. Thank you very much for showing me the way!!!!!!
with gratitude
usha
Dear Sir Yee Shun Jian,
First of all, I want to pay special thanks for your valued emails which are reaching me almost on daily basis.
I belong to Pakistan, working as PA to HR Director Pakistan Electric Power Company (PEPCO) – a state-owned Management Company having mandated for reforms and restructuring of Power Sector in Pakistan.
Further, I am under studying of MBA (Human Resource), final semester. So study point of view as well as personal life and fulfilling the official responsibilities, I was badly needed for assistance in respect of self-improvement, Self-assessment, Self-motivated, goal-oriented and time-based assignments.
For goal-setting of personal & official lives, your efforts to guide people specially me, I shall be very proud of you and always remember in my life.
I will always keep in touch with you for your great assistance and valued tips for completion of Master Level studies in the discipline of Human Resources Development.
Thanks and best regards,
FAZAL AMIN MINHAS
Thank you very much for sharing this great information. I learn a lot.
Thank you for the site. I have yet to receive a complete set but I generally, feel confident again.
Cherio
thanks shuan for opening ma eyes i believe now more than ever that i can achieve my goals
hey shun jian…once again m step higher than previous…u deserve all d credits..iloved reading it and m gonna make it useful for achieving target for sure!!!
hi.yee shunjian.i was surfing that i watch your blog,very nice and full of attraction,you write all very special ,if everyone follow these affirmatin.he/she must be suceeded,thanks ,spread the love and peace by your articles.im a hosewife and mother of 3 kids ,and pakistan ,living in riyadh,and i cant leave without saying that you are doing very good,im same as you say ,i taught my kids all these lesson,i want to say that as you think ,will be same ,so think good and be relax,well i apreciate your article.bye,farah
Thank you for your messages/training. The article was interesting and now I will see what a dreamboard can do for me. Enjoy the Holidays.
Clifford
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Thanks for the above information.The write up is very educating.i love reading it
hi..
inspiring..
thank u sir brilliant
thanks shuan for opening my eyes i believe now more than ever that i can achieve my goals.
When it comes to hitting my goals, I find one of the most valuable resources I can get is a good accountability partner – someone that will make you go the extra mile when you don’t want to.
Anything is possible if you put your mind to it!
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