Effective Goal Setting

"I see my role if needed as a financial mentor but one who can show warmth, practicality and empathy."
-Katherine Hann
September 12, 2017

Effective Goal Setting

By Katherine Hann

Effective Goal Setting


Have you thought about what you want from life? How much time have you spent thinking about it? Have you actually set yourself a plan to how you will get

A key barrier to achieving goals is the inability to map it out in clear steps. Some other reasons are a lack of belief, a lack of confidence, unrealistic
timeframes, and fear of failure.

So here are some tips that you can take to get on track:

Create your big picture and work from there.

So you have an over-arching but vague plan of “work life balance” – that’s great but you’ll need to meet a few smaller targets to get there. How about
“I need stable working hours”, “I need a flexible employer”, “I need to organise my time better”?

Be specific with the goals you are setting.

These should be measurable, and defined. Determine what you want. This seems pretty obvious but are you sure you know what you need, or are you constantly
changing your mind? Does the plan seem to change once you start?

Challenge yourself but be realistic.

An easy goal doesn’t give you much reward, but an impossible goal gives you even less. Set them in relation to your own ability and past achievements,
that way you won’t feel frustrated and give up.

Be Positive.

Instead of “I need to make less mistakes” or “I want to get rid of my winter weight” try thinking about what you need to do and what you would like to have at the end.

Have a strategy, and commit to it.

An athlete might be trying to increase their performance, so a training plan with key requirements to do x activities on a certain number of days is vital.

Review, evaluate and update.

How is your performance going? Give yourself feedback. If it isn’t quite up to scratch, change your strategy and revise your goal. You can still get there
with a few little amendments.