Hi, I’m Jim Ryan with Team Get It Done, and this video is about setting “SMART GOALS.” This time of year, generally people fall off the bandwagon with their New Year’s Resolutions and their goals, and I would argue that it’s because they did not set a “smart goal.”
The three most common goals that people will set to start the year are:
- Get in shape
- Make more money
- Buy a home
I would argue that those are NOT smart goals. So why?
- They’re not specific. You want to be as specific as possible with a goal. Write every little last detail down if you possibly can. The more specific the better. For instance, for getting into shape, define that! Does that mean that you want to lose 15 pounds? Do you want to fit into a certain size of jeans? Do you want to bench press ‘x’ amount of weight? When it’s making more money, how much more money? And with buying a home, what type of home? Do you want to buy a condo or a single-family residence? How many bedrooms, how many baths, acreage, school district, all that type of stuff. Write it all down, be as specific as possible.
- It must be measurable. You have to be able to track your progress along the way. For instance, with getting into shape, maybe you want to lose one pound every single week. Maybe you want to make $100 more per month. With buying a home, there’s certain steps you have to take to get from where you are right now to closed on a home. The very first step is to apply for a mortgage, which by the way takes 5 minutes, and can be done at teamgetitdone.com/apply.
- Make it attainable. It should be a challenging thing, but make sure you’re reaching toward something that is actually possible.
- Next is realistic. Be honest with yourself; you know what you’re capable of. Don’t forget any hurdles that you’re going to have to overcome with this.
- Finally, timely. You need to set an end-date: “By this point, I will be at this spot.” So for buying a house for instance, “I want to buy a house in 3 months, or this year”…that’s even not specific enough. You want to assign a date; maybe your lease is up at a certain point.
So if you’re looking to get into shape, you should probably reach out to a trainer. If you’re looking to make more money, maybe you need a coach. But if you’re looking to buy a house, I can certainly help you out. Guys, I am guilty of this. I wrote on my goals list every single year to “buy a home,” and for 5 years plus I never even took the first step, which again takes 5 to 10 minutes. I am guilty of this myself and I am in this industry.
So if you know someone that is in this trap of renting and is just not getting out of it, save them from it! All they need to do is take 5 to 10 minutes and at least check to see if it’s even possible for them. A lot of times, people don’t even realize that it is. There are no-money-down options, low-money-down options, and worst-case-scenario I talk to them and get them set up; I would love to encourage them and I would just like to be a part of it if I possibly can.
Thanks for watching, and I’m Jim Ryan with Team Get It Done.