Long – term goals vs short – term goals – second part

By now, you know why goal setting is important. But, where do you start? How do you set goals and make your life a better place?

Long – term goals vs short – term goals? Let’s start with long-term goal setting.

Long-term goals are targets that you plan to achieve over the long-term, for example, 5 years and above.

Long-term goals are usually goals that are over 5 years, while short-term goals are goals that can range from days, weeks, months, and even up to a year or two.

There is no such thing as which one is more important than the other. I believe that you need both long and short-term goals in order to unleash your potential and achieve the best success.

How to set long – term goals?

Long-term goals are your intention for the future. How do you see yourself living in the next 10 years? Where would you be? What will you be doing?

The $100 million question?

This technique is simple and it is one of my favorite daydreaming techniques. Just ask yourself this question:

If you have $100 million in your bank account right now, what will you do?

Many people are pursuing money and financial freedom because they lack financial stability. Plus, they think that when they have all the money in the world, they can then go on to live the life they want.

Now, what if you take away the financial limitation and you’re allowed to live your perfect life at this instant? What if you have a hundred million dollars in the bank? What would you do?

You want to really daydream and think about all the possibilities. How are you going to live your life? What are you going to do with all the money? Below are some questions to consider:

  • Are you going to distribute the money? How?
  • Will you share a portion with your family members?
  • Are you going to donate some to the charity?
  • Now that you have $100 million, will you still work in the same company you used to work for?
  • Are you going to start a business? What business?
  • Will you take a vacation to Hawaii or visit Hokkaido in Japan?
  • Will you visit the car showroom tomorrow and buy yourself your dream car?
  • Are you going to start a blog and share with the world your travel experience?
  • Do you want to become a YouTuber and an online celebrity?
  • Will you continue to stay where you are or move to another city or remote location?
  • Will you still cook yourself dinner because you love doing it or are you going to hire someone to do it?

The key is to get the financial constraint out of your life. People often don’t dare to dream or set big goals because they are not financially well off. And because they don’t dare to dream big.

They choose to think about their future based on their current situation. And this limits your potential.

So, imagine money isn’t an issue, what will you do? How will you live your life? How your future is going to be like?

Begin with the end in mind!

The second technique is about beginning with the end. It is about reverse engineering your life from the end to the now.

In his best-selling book, “The 7 Habits of Highly Effective People”, Stephen Covey shared this idea as one of the 7 habits. I recommend you read this book.

To show you how to begin with the end in mind, I want to share with you a real-life example of a highly successful entrepreneur who practiced this principle and went on to build a multi-billion dollars business empire. His name is Thomas Watson, the founder of IBM.

Here’s a speech from Thomas Watson where he explained how he began with the end in mind and brought IBM to a successful international business:

“IBM is what it is today for three special reasons. The first reason is that, at the very beginning, I had a very clear picture of what the company would look like when it was finally done. You might say I had a model in my mind of what it would look like when the dream — my vision — was in place.

The second reason was that once I had that picture, I then asked myself how a company which looked like that would have to act. I then created a picture of how IBM would act when it was finally done.

The third reason IBM has been so successful was that once I had a picture of how IBM would look when the dream was in place and how such a company would have to act, I then realized that, unless we began to act that way from the very beginning, we would never get there.

In other words, I realized that for IBM to become a great company it would have to act like a great company long before it ever became one.

From the very outset, IBM was fashioned after the template of my vision. And each and every day we attempted to model the company after that template. At the end of each day, we asked ourselves how well we did, discovered the disparity between where we were and where we had committed ourselves to be, and, at the start of the following day, set out to make up for the difference.

Every day at IBM was a day devoted to business development, not doing business.

We didn’t do business at IBM, we built one”.

Speech from Thomas J. Watson

So, begin with the end. What end do you want to create?

How to set short – term goals?

Now that you have your long-term goals and you roughly what kind of future you want to create. It is time to turn your long-term goals into your short-term targets so that you can focus on them and work on them.

How to set SMARTER goals?

 

 

 

 

 

To set SMARTER goals, you just need to remember these 7 key attributes:

S – Specific

M – Measurable

A – Actionable

R – Risky

T – Time bound

E – Exciting

R – Relevant

This is how it works…

S – Specific

Yes, you want to be specific with your goals. You don’t want to be vague.

When you give a vague order to your mind, you can’t execute it because your mind doesn’t know exactly what outcome you’re looking to achieve.

For example, “to learn photography” is a vague goal.

Instead of saying setting your goal to learn photography, state it in a more specific manner, such as “to finish photography course.”

Now, that is more specific, isn’t it?

M – Measurable

Make your goals measurable. You cannot achieve something you can’t measure.

Take losing weight as an example. How do you know if you have achieved your goal?

You can’t unless you know what your weight is before and after. This is why you need to make your goals measurable.

Make it quantifiable. Include a number to your goals so that you can measure and track them.

Don’t say that your goal is to invest in the stocks market this year. Make it measurable.

How much money do you want to put into your investment portfolio? How much do you want to invest by the end of the year?

That’s being measurable.

A – Actionable

I believe you have heard about this over and over again, you have to make your goals actionable.

This is where most people set the wrong goals and fail to create the results they want.

Setting a goal like “to be happy” or “to make more money” doesn’t help. They are vague and they are not actionable.

Actionable goals are something you ACT on – something you can DO to get it done.

For instance, don’t set a goal like “to build a profitable blog”, instead, make it actionable.

Your goal can be like “write and publish 1,000 words articles every Monday and Thursday.”

Building a profitable blog isn’t actionable.

It is not something you can act on. But writing and publishing article is.

And when you focus on writing and publishing good quality content on your blog, eventually, you will have built a profitable blog.

Can you relate to that now?

When your goals are actionable, your mind knows what it needs to do.

R – Risky

Yes, your goals need to be a little risky. Your goals need to be risky because you want to force yourself to step out of your comfort zone. That’s where growth happens.

If your goals are not something risky, or if they are something easy to do, you’ll never feel the motivation.

Just like how the Goldilocks’ Rule works, when something is too easy, you don’t feel motivated to do it.

And when something is too difficult to do, you feel uncomfortable and you don’t want to do it.

And the solution is to make the difficulty level just nice.

This is why your goals need to be risky.

T – Time bound

Again, you have heard this a gazillion times. Your goals need to have a deadline.

Without having a time frame for when you want your goals to happen, you will take forever to achieve them.

Plus, having a deadline makes you feel the pressure. It drives you to achieve the goal.

You can’t say that you want to lose weight someday, or you want to be successful someday.

When is that “someday”? Is it the end of the year? Is it next year?

Hence, have deadlines for all your goals.

E – Exciting

If your goals are not exciting to you, guess what will happen? You will only work on them and pursue them when you’re feeling like it. And when you don’t feel like it, you will never want to work on them.

Your goals are not exciting, so why bother pursuing them and working on them, right?

This is why a lot of people procrastinate on their goals and they choose to do something else that is more comfortable rather than working on their goals.

Set goals that you look forward to achieving that you wake up each morning and can’t help but to think about them.

Make your goals exciting. Make them something you want to achieve right now.

R – Relevant

This is where you want to make your goals connect with your purpose. You want to make them relevant to you and your life.

You see, when you set a goal that isn’t relevant or isn’t something that you wanted, you will never have the inner drive to achieve it.

In the working world, many people hate their jobs. They don’t like what they do. They choose to leave the office on time because they want to enjoy their lives. Their work isn’t something they want.

For most people, they work because of the salary. They want to survive, to pay bills, and to put food on the table. Hence, they feel like they have been forced to work.

This is why most people don’t want to improve themselves in their careers and their workplace.

It is irrelevant to them.

If you want your goals to be empowering, inspirational, and life-changing, you must make them relevant to you.

This is how you set SMARTER goals. Remember the 7 acronym and key attributes.

Use the principle of SMARTER goals to set your short-term goals.

 

I hope you liked the content about short and long goals?

If you have any questions or suggestions, please leave them in the comments!

For more motivational stories, you can visit https://motivationbymarco.com/

 

 

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