HOW TO SET & ACHIEVE GOALS!. Why Bother? Could be the single most important part of the entire...
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Transcript of HOW TO SET & ACHIEVE GOALS!. Why Bother? Could be the single most important part of the entire...
HOW TO SET & ACHIEVE HOW TO SET & ACHIEVE GOALS!GOALS!
Why Bother?Why Bother?• Could be the single most important Could be the single most important
part of the entire coursepart of the entire course• Could impact every part of your life Could impact every part of your life
from now to --------from now to --------• Turns average people into above Turns average people into above
average people and helps them average people and helps them succeedsucceed
Goal Setting SurveyGoal Setting Survey• Study done of Harvard alumni Study done of Harvard alumni • Done 10 years after graduationDone 10 years after graduation• Survey foundSurvey found
– 83% had no specific personal or 83% had no specific personal or business goalsbusiness goals
– 14% had specific but not written down14% had specific but not written down– 3% had specific goals that were written 3% had specific goals that were written
downdown
The Payoff $$$The Payoff $$$• Those with goals but not written Those with goals but not written
down earned twice as much as those down earned twice as much as those with no goalswith no goals
• Those who had written goals earned Those who had written goals earned 3 times as much as those with no 3 times as much as those with no goals.goals.
• Moral: Have goals and write them Moral: Have goals and write them downdown
ActivityActivity• Break into sections by tablesBreak into sections by tables
• Brainstorm goals a typical person in your Brainstorm goals a typical person in your group might have from now to June 10group might have from now to June 10
• Report to classReport to class
GoalsGoals• So what is a goal?So what is a goal?
– Specific, Specific, – Measurable, Measurable, – Attainable, Attainable, – Realistic and Realistic and – Time targeted Time targeted
• Objectives Objectives
S-M-A-R-TS-M-A-R-T GOAL CRITERIA GOAL CRITERIASSpecificpecificMMeasurableeasurable
TTime-ime-LimitedLimited
RRealisticealisticAAttainablettainable
1-G1-G
SMARTSMART Goals GoalsSSpecific……..pecific……..MMeasurableeasurable
……
TTime-ime-Limited..Limited..
RRealistic……ealistic……..
AAttainable….ttainable…...
“Save $ to buy car by May.”
“Need to save $300/mo to have $3,000 by May.”
“If I stick to my plan, I’ll have the money when I need it.”
“Make $500/mo. I still have enough money to spend on while I work toward this goal.”
“I need to have all the money by end of May before Graduation.”
1-H1-H
Identify A Career GoalIdentify A Career Goal& How to Achieve& How to Achieve
• Ultimate and Long term goalUltimate and Long term goal– Become a teacher by the age of 57Become a teacher by the age of 57
– Is this a SMART goal?Is this a SMART goal?• Why or why not?Why or why not?
• There are steps that needed to be There are steps that needed to be taken to reachtaken to reach– Short termShort term– Intermediate Intermediate – Long term goalsLong term goals
Try ThisTry This• Take a piece of paperTake a piece of paper• Fold into thirdsFold into thirds
• On outside of 1On outside of 1stst fold fold– Write words LONG TERM GOALWrite words LONG TERM GOAL
• Second FoldSecond Fold– Write words INTERMEDIATE GOALWrite words INTERMEDIATE GOAL
• Third foldThird fold– Write words SHORT TERM GOALWrite words SHORT TERM GOAL
• Under folded paper, write a long term goal Under folded paper, write a long term goal – Must be a SMART GoalMust be a SMART Goal– Under first foldUnder first fold
• Write an intermediate term goalWrite an intermediate term goal– That will help you reach long term goalThat will help you reach long term goal– Under second foldUnder second fold
• Write a short term goalWrite a short term goal– That will help you reach intermediate term goalThat will help you reach intermediate term goal– Under third foldUnder third fold
• ObstaclesObstacles– Pay cut – reduce spendingPay cut – reduce spending– Peer groupPeer group
• Friends think I am nutsFriends think I am nuts• Pressure Pressure
– Pressure to make more $Pressure to make more $
• Skills and knowledgeSkills and knowledge– Teaching degree – haveTeaching degree – have– Need to keep certification currentNeed to keep certification current– Take additional teaching coursesTake additional teaching courses
• Who must be worked with Who must be worked with – Wife on pay cut/change in lifestyleWife on pay cut/change in lifestyle– Potential schools in hiringPotential schools in hiring
• PlanPlan– Yearly: Take 1 college course/year to Yearly: Take 1 college course/year to
keep currentkeep current– Month/Qtr/Yrly: Have $X saved and Month/Qtr/Yrly: Have $X saved and
invested to bridge income gap by 2012invested to bridge income gap by 2012• Need $X invested each yearNeed $X invested each year
– 5 year: Purchase smaller house in next 5 year: Purchase smaller house in next purchase to reduce spendingpurchase to reduce spending
• Realistic: Yes, could be soonerRealistic: Yes, could be sooner
GoalsGoals• What do you think is the difference What do you think is the difference
between a short, intermediate and between a short, intermediate and long term goal?long term goal?
Term GoalsTerm Goals• SHORT-TERM GOALSSHORT-TERM GOALS
– Within three monthsWithin three months• INTERMEDIATE-TERM INTERMEDIATE-TERM
GOALSGOALS– Three months to a yearThree months to a year
• LONG-TERM GOALSLONG-TERM GOALS – More than a yearMore than a year
1-E1-E
GoalsGoals• Why should a person try to set Why should a person try to set
realistic goals?realistic goals?
• What happens if goals are What happens if goals are conflicting?conflicting?
• How does a person decide how to How does a person decide how to chose among goals?chose among goals?
Seven Goal AreasSeven Goal Areas1.1. CareerCareer2.2. FinancialFinancial3.3. PhysicalPhysical4.4. Social Social 5.5. FamilyFamily6.6. MentalMental7.7. SpiritualSpiritual
TomorrowTomorrow• Your specific goalsYour specific goals
• NEFE Book Pages 1 – 6NEFE Book Pages 1 – 6
• Do activity on pages 2, 4, 5, 6 (not 7)Do activity on pages 2, 4, 5, 6 (not 7)
• Review Day and WeekReview Day and Week
Teens and MoneyTeens and Money