When a goal is set, we feel inspired, driven, and passionate about it. But just when we start making great strides towards that goal, things may suddenly start to unravel. This is when we become discouraged. Then, because we do not appreciate what we have already achieved, we lose our drive and our focus. In almost no time the goal and the many opportunities it had to offer are left by the wayside. Before you set another goal this year, read through our list of 5 reasons why most of us will have one or more goals left unfulfilled this year. By recognizing these mistakes, you can steer around these poor goal setting habits and make sure that your goals are successful.
You’re Being Unrealistic
When you sit down to write down your goals for the year, you should unleash your imagination and ambitions and write every goal down. Once complete, that is when you need to do a “goal audit” and determine which goals can be achieved and within what time frame. If you are a first-time real estate investor, setting a goal where you may secure one or two profitable properties would be a realistic goal. Assuming you would have the knowledge, connections, and finances to invest in ten or more properties would likely be unrealistic.
You’re Not Thinking About the Completion Time
There is a reason why projects often take longer than we think: we assume that we can finish tasks faster than we really can. Just as with projects for work, it is important that you pad all goal time lines so that you are prepared for unforeseen delays and setbacks. By giving yourself more time, you will also feel less pressure to rush through the process and you will be less likely to give up.
You Think You Won’t Fail
No matter how driven, how focused and how determined you are to fulfill a goal. There will come a time when you will fail to achieve a goal or one of the many steps in the process to turning that goal into a reality.Do not let failure drag you down. Failure builds character, and it provides you with the insight necessary to re-examine your goal and to devise a strategy to achieve that goal.
You Set Negative Goals
“Negative goals” are those where you are asking yourself to stop doing something, or to lose something. For example, having a goal to “lose weight” is negative, while having a goal to “get healthier” is a positive goal. Negative goals are emotionally draining, which makes them more difficult to focus on. Re-frame negative goals (i.e. “stop losing money on my rental property”) so that they are positive goals (i.e. “find 3 viable ways to boost my property’s value”) and you will be more likely to stick to them.
You Don’t Have a Holistic Approach
You may be committed to being more financial stable this year, but what about the many other aspects of your life? Make sure that you strike the right balance for your lifestyle between all of the different areas of your life, such as family, work, friends, and alone time.
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