Today, I’m going to help you actually break down your goals into smaller steps using a process called reverse engineering, which is basically a fancy way of saying breaking it down to figure out exactly what you need to make it happen.
INCREMENTAL - little by little, think of your goals as a mountain to climb. You’re going to have to look for little cliffs and crags to grab onto along the way, and it won’t be a direct path to the top (and there’s usually a few paths on how to get there!).
Needtobreathe - Mercy Shore “Just over the ridge in front of you, another mountain that you’ll have to climb” - look forward to episode 5 where we talk more about embracing YOUR numbers and not getting stuck in comparison mode, because there’s always going to be another rank, income bracket, bigger social media following, etc
Sharing my story of climbing Camelback Mountain in AZ.
3 Types of Goals (from Cultivate What Matters - CultivateWhatMatters.com):
BIG DREAM GOAL
Examples:
- Retire Your Husband
- Buy a Big Boat
- Become Debt Free
FINISH LINE GOAL
- Match his income (dollar income amount)
- Save $500,000
- Take FPU University
HABIT GOAL
- Wake up early
- Date nights to dream with your hubby
- Set a budget
- Save any excess money (instead of spending)
- 10 / 10 / 80
Even if you have a Big Dream Goal, start with the finish line’s along the way FIRST. How is it broken down?
- In NM, what income level would allow you to retire your husband? (Look at company’s income disclosure) - Success leaves clues! How many teamies do they have? How long did it take to get there?
- Save $1,000, Save $10,000, Save $100,000 (my budget + goal for 2022 - save $150K this year)
- Small business - multiply your current results (sales, income, quantity sold) by 10% - 1.10, figure out how long it will take to get there. Remember, you have to have systems to scale - we’ll talk more about that in Habits Goals -
- Debt Free: 7 baby steps from Dave Ramsey's Financial Peace University (FPU):
- $1,000 in the bank,
- pay off debt except house (debt snowball)
- Save 3-6 months expenses (emergency fund)
- Invest 15% towards retirement
- Save for kids college
- Pay off home early
- Build wealth and give
Within each Finish Line Goal you set, what are the habits you can focus on to improve your process?
- Waking up early -
- Date nights with hubby to dream together (and get his involvement -
- Posting daily on social media sharing your journey / product / story -
- Write down your goals each week -
- Time Block -
- Delegate -
- Budget Monthly + track spending (I use WAVE)
HOMEWORK: -
- Come up with a finish line goal for each quarter of this year tied to your big Dream Goal
- Review your spending and set a budget (use WAVE) - WaveApps.com
