Above: This Type-A Personality’s Philosophy – The Sky is the Limit
I have been thinking a lot lately about this blog, finances, and the next steps on my family’s journey to financial freedom. I’m a Type A personality with lots of goals I want to accomplish over the next year, and putting them down on paper will help me start the process of achieving each one of them. As a Type A kind of person I feel strongly that I have the ability to control the future that I live in, to change things about myself that I want to change, learn the skills I desire to have, and to achieve anything I really set my mind to.
Whenever I set goals for myself I try to make them S.M.A.R.T. Specific, Measurable, Achievable, Relevant, and Timely. I’ve broken these S.M.A.R.T. goals down into three categories: Blog, Finances, and Personal Development Goals.
Specific goals narrowly define what I want to accomplish; they are not nebulous and vague but a clear target to aim for.
Measurable goals have a metric, something that I can identify and say yes, I met that goal or no I didn’t. I can’t just say “I want to run faster”, I must define the goal and give it a number, or a means to be measured. I will say “I want to be able to run two miles in under 13 minutes.”
Achievable goals are things that you can reasonably push yourself to accomplish. I would also qualify these goals as realistic.
Relevant goals are worth your time and effort. Do you need to push a goal to a later time period in your life? Does this goal line up with the other goals I have for myself?
Timely goals have a defined time horizon, but you can choose what you want that horizon to be. It may be 6 months, 1 year, 3, 5, or even 10. Your goals are completely tailorable to your situation and needs.
Below I’ve laid out my goals for 2016. When I achieve them I’ll cross them out and comment on how it went, and as the year progresses I should be able to add more S.M.A.R.T. goals to this list.
◊Redesign the Faithful Dividends website — halfway completed…website still needs work!
Publish 4 posts a month – these should be meaningful posts that educate the readers and force me to further my financial education
◊Publish an article/post for another website — coming February 10.
◊Earn $100 in online revenue — $75 earned as of 19 Jan. $25 to go.
Save 40% of our annual income this year: 30% towards retirement and 10% towards planned purchases/mortgage pay down
Max out two Roth IRA’s
Contribute $3500 toward my Roth TSP
Increase annual dividend income by 50%
Improve my two mile run time to less than 13 minutes (Current time is 13:49)
Listen to the 7 audiobooks in my audible App prior to the end of the year
Listen to 4 personal finance podcast episodes each week — I’ll be creating content related to this, coming soon. 19JAN16
Begin a study program for the GMAT. Target date for exam is Fall 2016.
There we have it. Some of these are more ambitious than the others, and a few will just take a commitment to developing habits and routines that encourage the completion of the goal. I’m excited about this year. There will be a lot of personal change for my family and I. We are moving back to the USA after completing our tour here in Germany! It has been a wonderful opportunity and experience to live and work here but we are ready to move on and see what opportunities await back home in the States. We will find out in early February if our Permanent Change of Station (PCS) move is going to be the state of Virginia or Georgia. I’m hoping for Virginia, but Georgia will put us much closer to home and the grandparents (always a plus). I will update this post in February of 2016 to keep track of the S.M.A.R.T. goals progress.
What are your S.M.A.R.T. goals? What is your plan to achieve them?