A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Tuesday, May 03, 2005

Brian Tracy's Seven-Step Method for Achieving Your Goals

I tried to post this in the wee hours of the morning but Blogger kept messing it up. Here it is:

Here it is 1:30 in the morning and I can't sleep. I don't know why, I just can't seem to drift off. So, instead of laying there awake, thinking about stuff, I got up and decided to do a little reading. I was reading Brian Tracy's Change Your Thinking, Change Your Life when I came across his seven-step method for goal setting and achievement. I'd like to share it with you:

Step One: Decide Exactly What You Want

Makes sense to me. However, it is a lot easier said than done. What EXACTLY is it you want?

Step Two: Write Down Your Goals

Once your goals are written down you feel a sense of commitment towards their achievement.

Step Three: Be Willing to Pay the Price

If your goal is to get out of debt, you are going to have to be willing to pay the price. You may not be able to eat out as much or you may have to put off buying those new golf clubs. In other words, you have to be willing to pay the price.

Step Four: Make a Detailed Plan

Using the goal from step three, you could write down what you owe and to whom you owe it. Then, look at your budget and decide how much you can put towards your debt. Then decide how much you are going to put towards each individual debt.

Step Five: Take Action

You have to start somewhere. Start from where you are at. Taking action is the hardest part.

Step Six: Do Something Every Day

Again, if your goal is to get out of debt, make a list of your debts and post it on your refrigerator. Then, each time you make a payment, cross out the old balance and put in the new lower balance. This will help you stay motivated.

Step Seven: Never give up

As soon as you start on the path to accomplishing a goal, you are going to want to give up. That's human nature. However, you have to keep at it.

There you have it! That's Brian Tracy's seven-step method for achieving any goal. Now that it is nearly 2:00 AM, I'm off to bed for the second time!

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