Effectively setting goals for the new year
It's getting to that time of year; the time when new year plans are being drawn up by everyone. You may want to purchase another rental property, sell any of your homes, or finally build up to run in the full-marathon you've missed every year for a decade Whatever the emphasis for the new year, you need to set goals appropriately to give yourself the best chance of succeeding in the upcoming year. Here are our top goal setting tips for the new year.
Do not fall into the comparison trap
It can be easy to fall into the comparison trap like a lot of things in life, think about what other goals someone else could set, or wonder what people would think about the goals you set for yourself. If you're inclined to compare yourself, try a long walk, listen to some of your favourite music, and get present to think about exactly what you're going to want for the coming year.
Make sure you write down your goals
It's all well to get excited and talk about all your goals at the beginning of the year, but if you don't write them down, they'll soon be forgotten. Write down your goals and keep them in a location where you can read them at least a couple of times a day. This will help keep you inspired as challenges arise, and it will also be a daily check-in to ensure that you are still working towards those original goals or prompting you to change focus.
Ensure you make your goals S.M.A.R.T
Most of us know the goal setting of S.M.A.R.T. The popular acronym highlights the need for specific, measurable, attainable, relevant and time-sensitive goals for your objectives. When you think about your objectives and write down each of them, ask yourself if they're S.M.A.R.T. and try to tweak the goals until they're simple.
Goals are necessarily set in concrete
Sometimes the goals that we don't meet will teach us more than the goals that we can easily tick off. The key thing from these circumstances you'll probably learn is that some of your original goals weren't as important as you thought. There's nothing wrong with this; it's actually a great way to be transparent about what you value most.
You've most definitely ticked off certain economic and investment targets in your life as a residential property investor. Take some time to reflect on the past year at the beginning of the new year, and your expectations for the coming year are a great way to create your vision for the year and get off on the right foot.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle & Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au