Don’t Be a Dummy!
Do you ever come across reruns (now called encore presentations) of Sanford and Son? Fred G. Sanford had the innate ability to call Lamont “dummy” like no other. My desire today (and always) is to spread some financial knowledge so we will not be a dummy like Lamont. So I am going to discuss setting SMART goals.
SMART is an acronym that represents Specific, Measurable, Actionable, Results-oriented, and Time-Bound. I discussed a little bit last week about your desired destination. With SMART goals it should help you put steps to that process. So let’s get started.
Your goals, whether financial, educational, relational, or spiritual, are YOUR goals. Don’t try to fufill someone elses goals because in the end it will not produce satisfaction. The SMART acronym can ge a guide for any type of goal — but we are talking about finances.
- Specific - Clearly defines what is to be accomplished
- Measurable - Identifies standards for the expected results (quantity)
- Actionable - Is the goal attainable without an impossible “stretch” portion. Is it something you can work towards?
- Results-Oriented - Identify the expected result
- Time-Bound - Establish clear due dates
Here are some examples of SMART goals:
- Build a $1,000,000 retirement fund within 30 years (2037) by contributing 7% of my income to a well-balance mututal fund.
- Save sufficient money to take my wife on a tour of the United Kingdom on our 20th wedding anniversary by working overtime and taking a second job.
Start using SMART goals today and take control of your finances.
God takes pleasure in the prosperity of His servants!
