Smart goals equal financial health
As a health coach/personal trainer, when I meet new clients or even current clients we are always figuring out what is the right goal. First, we talk about SMART goals, (specific, measurable, achievable, results, and time). Most people say I want to have more energy and feel better in my body. Then they say I want to lose 50 pounds in 3 months, I want to lose 4 jean sizes and get six pack abs, nice tight butt, strong arms etc., etc. all within 3 months and I will come to your class/session 1 to 2 per week. Some go on extreme diets/fast and train hard and get crazy results only to gain the weight back within a couple of months and they are back in the same situation. I remind my client’s that forming a new habit should be the main focus and your results will come. Make a habit this week: drink more water, for a month eat more greens and now 3 months.
I take that same view when it come to my financial goals. I have big goals, get a house, pay off my debt and become financially free and I was ready to do the extreme to get to my goals. I was ready to get that house, because there are quick and easy ways to get it. Then I quickly realized, thinking like a health coach, it’s not about getting the house it’s about forming healthy financial habits. It’s about building a healthy savings each month, and spending habits each week. Taking my time and planning small goals like opening a savings account for a home, refinancing my credit card to get a lower interest rate, and then paying off my credit card in 6 months. Making a goal to have a down payment for my house. Taking small steps. When looking towards your financial goals we should treat them the same way as weight loss goals. If you want to lose weight and gain financial freedom, they both require smart goals that require small steps that add up to your ultimate goals.