Are Setting Goals Important For 2021?
By Bob Barber, CWS®
A famous Harvard Business School study from years ago found that:
– 83% of the population does not have any clearly defined goals, much less financial.
– 14% have goals, but they are not written down.
– 3% of the population has goals that are written down.
The study concluded that the 3% that have written goals were earning an astounding 10x that of the 83% group! In addition, similar studies have shown that individuals with written goals also tend to have better health and happier marriages than those without goals.
Below is a type of form I like to use to write down my goals. Beside each subject is what I will do to try and accomplish the goal. I put a copy in my wallet, on my bathroom mirror, in my Bible, and even in my smartphone notes. I encourage you to do the same thing and then look back in a year to see how you did.
Aim for nothing, and that’s exactly what you will hit, but aim for the stars and maybe you’ll hit the moon! It is better to have tried and failed than to not have tried at all.
In 2021, I am going to strive to accomplish….
Spiritually – What I will do to try and accomplish this goal?
Physically – What I will do to try and accomplish this goal?
Financially – What I will do to try and accomplish this goal?
Relationally – What I will do to try and accomplish this goal?
Mentally – What I will do to try and accomplish this goal?
Professionally – What I will do to try and accomplish this goal?
The views expressed represent the opinion of Christian Financial Advisors®. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. While Christian Financial Advisors® believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. Past performance is not indicative of future results. For any discussion of equity securities: Investing in equity securities involves risks, including the potential loss of principal. While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. For any discussion of taxes: Christian Financial Advisors® does not provide tax advice and encourages you to seek guidance from a tax professional.