Goal setting for 2016

January 29, 2016
Ali Batten

Where has 2015 gone! As we came into the New Year, there’s nothing worse than feeling lost as everyone around you makes their ‘New Year’s Resolutions’. By having clear and well-defined goals we can avoid this happening and empower ourselves to make good, effective decisions.

To help you in 2016 here is a guide to setting – and keeping – personal goals.

Step One: Understand where you are

The first step is to get a clear picture of where you are. This means doing a personal survey of where you are in terms of finances, career, relationships and/or any other category that is important to you. As any good engineer or architect would know, you can’t build or move a project further without knowing where it currently stands.

A quick way of assessing this is to use the Wheel of Life template. While it may sound a little New Age, it is has proven to be a popular tool in corporate coaching. The principle is simple: number from 0-10 how happy you are in each area of your life and from there work out which area/s need more attention.

Step Two: Manage priorities

Now that you have a better understanding of your current situation, the next step is to decide what you most want to change and improve. You might realise you need a pay raise, a change of job, or a new investment property. Alternatively, you might decide you need a better work-life balance or to take a long holiday overseas.
Whatever your priorities might be, write them down and list them in order of importance.

Step Three: Set goals

Once you have your priorities in order, you should have a good guide on what will be your goals for 2016.
Follow the SMART criteria to clearly define each of these goals. The SMART criteria states that goals should be Specific, Measurable, Attainable, Relevant and Time-bound.
In other words, instead of using ‘lose weight’ as a goal, be specific – think ‘lose five kilograms by March’.

Step Four: Track progress

Once you have set your goals, create a system to review and track them. Make it personal. If you prefer hard copies, use a diary or calendar to plot your progress. If you’re no friend to paper, try using an app like Any.do or Evernote.
You will find there are a thousand different ways to measure a thousand different areas of your life. My advice is to make sure your system is as streamlined as possible. You don’t want to be running multiple programs or using four different diaries just to see how you’re tracking.

The key point is to be aware of the targets you need to hit to meet your goals. You could do this with a bright yellow highlighter or a simple email reminder. Whatever your technique, stay with it. Before you know it, it will be 2017!

Contact either Owun, Suzanne or Costa on 02 9517 1818 or newtown1@mortgagechoice.com.au to discuss your options. Or, if you feel like dropping in at our office, we are located at Suite 106, Flourmill Studios, 3 Gladstone Street, Newtown 2042. Be sure to share our blog on Facebook and Twitter and let others join the conversation!

Posted in: Tips

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