Setting Goals For 2018: 5 Important Planning Steps + Goal Template

Are you set to see your dreams come to fruition this year?

Every January 1, you write your goals and dreams, most of them were already from last years’ unfulfilled dreams that you carry forward this year, you created many pages with all your year goals, divided into months, and sometimes into weeks.

Can you relate?

You are fueled to start the year right, everything is set, and you believe that everything will be perfect now to finally hit those goals.

Or so you thought.

Here’s what most goal setters don’t consider: what’s equally important to having BIG dreams is to make them SMART.

S – Specific

M – Measurable

A – Attainable

R – Realistic

T – Time-bound

“Losing weight” is good goal, but saying “walking 30 minutes 5 times a week” makes it super clear what needs to be done.

So before you rush into writing your goals, here are the four important steps to follow, along with the reasons why you need to do them.

1. Braindump (or list) all the things you want to happen in the next 5 years. 

Dump everything without thinking how you’re gonna make them happen. What has to happen to finally live your dream life?

Why you need to do this: Time is your greatest asset. You need to be clear what you want to spend your time with. Everything that you should be doing this year should be aligned with what your life should look like in 5 years.

2. Mindfully pick the goals you can achieve or wants to accomplish for 2018 only. 

If possible, identify your top 3 to 5 big goals. Think of a Domino game. The rule here is to select goals that will have the most effect on your next bigger goals. You can do this on Google Sheet or in Excel file.

Why you need to do this: You have limited resources - time, money, other resources

3. Right next to the list of goals, create two columns for time investment required and money required.

Why you need to do this: all great things come at a price. If you want something, you have to work for it with your time, money, and other resources.

As a side note, Olivia app is a very helpful app that can help you identify the money you need or save to reach your goals. If you want extra help with planning how much to set aside per month to finally bring your dreams to fruition, you can download Olivia app here. By the way, it’s FREE.

4. Using your output in Step 3, distribute them into quarterly and monthly goals. 

The time investment and money required is very helpful here.

Why you need to do this: If you work in an 8-5 job, you know that you only have as much time to work towards your other goals or build your business. Given data in item 3, allocate your goals properly.

If you juggle between a regular job and managing/starting a business at the side, if you feel overwhelmed and you need help, download Olivia app here. Olivia app allows you to see the effect of multiple goals ie., how much combinations of goals will cost, and whether it is affordable. Download Olivia app for FREE.

5. Finally

Having a clear idea of what you are aiming for, identify one habit that you need to break and replace it with this new goal. For example, walking 30 minutes 5 times a week could be a replacement for hours spent on gaming. It could also be learning a new language or learning how to code (something you consider fun) instead of relieving your boredom through shopping.

So you now have:

  • Clear vision of how the next five years should look and feel like
  • Clear goals for 2018
  • Clear plan of action, how much time and money you need

Everybody knows that the closer you are to your goal, the clearer you see it. But here’s the twist not everybody thought about: the clearer your goals, the closer you are to achieving them.

Wishing you a prosperous New Year.

Here’s to making 2018 the year your dreams come true!

Note: Need help creating your financial goals? Download the Olivia app here

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