Step One: Write down your goal.

Write your goal where you can see it.

Studies have shown that those who not only make goals but also write them down dramatically increase their chance of success in achieving their goals.

Second Step:

You need to define all of the components of the goals

The best method for doing so is using the acronym "SMART."

Specific, Measurable, Attainable, Realistic and Timely

Specific: Paying off your credit card

Measurable: I need to pay of $2000, Time to achieve the goal is 8 months

Attainable: I can put $250 a month after my expenses.

Realistic: With my budget and income I can pay it off within 8 months

Timely: I gave myself 8 months to pay it off.

You can now see the difference between just setting a goal and setting a well-defined goal.

Step Three:

Consider the cost of achieving the goal.

When you count the cost, you are more informed about what is needed and aware of the sacrifices required to reach your goal.

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