You can’t start a budget without it. After all, then there is very small incentive, other than maybe living within your means, that’ll hold you back from breaking your budget. You can typically divide goals into three different categories: Short, intermediate, and long.
Examples of short term goals are academic improvement, finding and keeping a part-time job, athletic or fitness improvement, etc. Intermediate goals include stating a business, succeeding in college, becoming fluent in another language, etc. And finally, long term goals might include success in business, saving up for a house, caring for a family.
When you’re setting goals, you’re setting them for your own list of priorities. Maybe having a house is more important than having a car, or going into the market is more important than going to college. So you have to set up a list of priorities, and what they require.
For example, here’s a list:
- What do you enjoy doing?
- What motivates you?
- What do you see yourself doin in x years?
- Etc…
Think about possible barriers, such as time needed, how much money is required, how much skill do you need, and so on and so forth.
Fill out these questions, and more like them, to figure out some goals that you should achieve. Celebrate the small steps. If you have a business, celebrate the 100th customer. If you’re trying to buy a car, celebrate when you’re halfway there. If you’re trying to get to a certain job, celebrate when you finally get in a similar field. That way, you can not get discouraged quickly when you see that you still have this much left to do.
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