How to Target Your Financial Goals
Unless you are already completely satisfied at this moment with your lifestyle, your monthly and annual earnings, and the necessities and experiences you are able to provide for yourself and your loved ones, then you likely have a financial goal that includes generating more income.
Many people desire a specific lifestyle for themselves and their family and have a keen awareness that they must increase their money-making capabilities in order to generate more income, does this sound like you?
If you’re like most people, than you’re aware that you want or need to make more money, but you have no idea how much more. Because you have no idea how much more money you need or want in order to fund the lifestyle, project, or experience you want to have, then not only are you are disconnected from the realities of what it would take to get there, but the infinite possibilities available to you for generating that amount of wealth remain outside of your field of vision.
See, what most people don’t understand, is that generating wealth and money doesn’t happen by accident. As I mentioned in my prior blog, How Your Relationship with Money Shapes Your Earning Potential, the primary reason people struggle with money is because they want money simply for the sake of having it.
However, in this blog post, I’m challenging you to push yourself further and take the next step to get you closer to your financial goals. After reading the aforementioned blog post and doing the work, let’s just say that you have the right money mindset now and you understand that money only responds to your ability to create greater value.
The key to creating wealth, which your business is a primary vehicle for, is first, clearly define how much money you want and what you want the money for. This activates the intelligence and energy of money to flow to you, and more practically, it activates the goal achieving capacity of your brain to create wealth.
The next several questions you should be asking yourself are probably not the ones you’d expect. Unfortunately, most people won’t ask them in the proper order.
Question 1: Why do I want more money?
Your response to this question is your vision for your Dream Life that includes the lifestyle, necessities, projects, investments, experiences, and other personal and business outcomes you want to have and want to be able to provide for yourself, your family, friends, community, etc in the next 18-24 months. In order to live a fully integrated life, it is important to first place intention around designing a lifestyle that can be supported and in alignment with your values and beliefs about yourself.
It’s not possible to have ideas around a destination that you have not yet defined - so it is important to be clear on your Life Vision (Dream Life) and you need to know how much it will cost to finance, fund, and create the life you want.
Question 2: How much more money do I want/need (to create #1)?
For most people, stating a specific dollar amount seems counter-intuitive and very uncomfortable. That’s because most of us have been conditioned to believe that the predominant way to make money is to trade your time for it so instead of asking this question, they jump to question #3 too prematurely.
Consider the Life Vision (Dream Life) you previously created for yourself for 18-24 months from now, what would the cost of that lifestyle be? This is your Target Financial Goal.
A Living Income Plan is used to establish your Target Financial Goal over the next 12 to 18 months and from that Target Financial Goal you will design and develop the plan to achieve the next level toward your Life Vision (Dream Life).
The idea is to get even more micro-focused around your life and connecting it to your business and your values. You need to be able to finance, fund and create your Life Vision. This requires reverse engineering and getting as much clarity as possible so that you can begin to align your thoughts, ideas, inspiration, and intuition with the outcome that you want to produce - you can’t do that if you don’t know where you’re going. This will become your plan for bringing your vision into reality. You do this by creating a Monthly Lifestyle Income Expense Worksheet.
Your Target Financial Goal is the number you need to achieve in order to significantly transform your life - this is not your END game number, this is your NEXT number. This number will become a guide and a “financial why” in your life and in your business. Money responds to a reason to flow into your life, so it’s very important to get clear on what this number is. Again, it’s not your final number, it’s your next number - be realistically aggressive - if you set a goal that is too high, you may feel like you’re never going to achieve it.
Question 3: How can I make more money to meet my Target Financial Goal (in the next 18-24 mos)?
In order to make more money, you need to become as resourceful as possible. From your most resourceful state of being and with your Target Financial Goal in mind, make a list of 50 things/activities you can engage in with the same set of knowledge, skills, abilities, and expertise that you currently possess in order to generate more revenue in your life.
After about 10-15 items, continuing to make this list is going to become increasingly difficult - it will cause you some degree of stress, however, if you push yourself through that wall of resistance, you will find that the list will become easier and easier to create and that you will begin to think of more creative and high-quality ways to generate income both in and outside of your business or career than you ever thought possible. Making this breakthrough will restore or increase your confidence, trust, and faith in your abilities.
“You Are A Powerful Creator & I Believe in You!”
Become a member of the Edgy Entrepreneur Community on Facebook and join us for Unf*ck Your Mindset Friday at 12:30pm EST on March 25th where we’ll discuss this topic in more detail, answer your questions, and help you unpack this further.
Stay Edgy-
Coach Oriana Guevára, MHR, MBA
Co-Founder, The Edgy Entrepreneur
© Edgy Entrepreneur, LLC. • 51 E. Jefferson St. #3292, Orlando, FL 32802 • www.edgyentrepreneurs.com
