Huzzah! It’s 2018 and we can start off with a clean slate. Actually, I did pretty well in 2017 and accomplished most of my New Year goals. I only missed a few and I’m happy with my accomplishment. However, many of those goals were a bit staid. I knew I could accomplish them and they weren’t challenging enough. This year I’m trying something new and setting more ambitious New Year goals. Read on if you’d like to see what an early retiree’s New Year goals look like.
In previous years, I had moderate expectations and set goals accordingly. This worked well because I was able to accomplish most of the things on my list. I find that setting high expectations usually doesn’t work for me because I can’t achieve them and then I become discouraged. My style is to go at a slow and steady pace. Shooting for the moon is probably better for younger folks, though. Here is my approach on setting New Year Goals.
Set achievable goals– Don’t shoot for the moon unless you have a good record of high achievement. Most of us will just become discouraged and give up. Make the goals specific and measurable– Goals need to be very specific. Don’t set general goals like losing weight or saving more. A better goal would be lose 10 pounds or maxing out your 401(k) this year. You also need to figure out a way to get there. How will you lose 10 lbs? Will you increase your 401(k) contribution right away? You need a plan. Write them down and track your progress– Write down your goals and put them where you will see them. Personally, I put my goals here on Retire by 40 and update the status every month. This has