In order to get what you want out of life, you need to have a solid plan. Investing for your future is no different. A good investment plan includes the big picture, your goals and the rewards you will receive from achieving them and the day-to-day actions that will move you towards success. It provides a basis for making your investment decisions, measuring your progress and recognizing when you are falling behind or exceeding expectations, allowing you to make suitable adjustments.
Laying the Foundation
We know that when we build a house, we need to have a strong foundation. It’s the same for us: when we look to our future, we have to consider our own foundation and to build on that. What’s your financial foundation look like at the moment?
Setting Property Investment Goals – The SMART Way
So with investing comes thousands of questions – Who do I talk to, Who do I trust, Property, Shares or Super, How do I know how much I will need to retire comfortably?…..
A good place to start is to breathe… and then start thinking about what you want to achieve, what achieving these goals will mean to you and your family and what other life goals you have. Then write these goals down.
Goals should be SMART
Specific, measurable, attainable, realistic and timely
Here is our model for goal setting success:
• Select goals that motivate you.
• Set SMART goals
• Create an action plan.
• Be accountable.
• Revise as needed.
If you want real change to take place, you’ve got to be willing to take action and go after what you want.
Take a few moments and close your eyes, can you see the big picture for your life overall?
Not everyone can, so you can start with a shorter plan (5 year or 2 year projections) and then set up short term goals to guide you along the way.