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Habits or Goals
Written by Steve | Published: |
If you had to pick which do you think is more impactful to your life.
Habits or Goals?
Of course the correct answer is BOTH.
However, if you were forced to choose what would you choose and why?
Personally, I would choose habits.
I am of the opinion that if you set up the proper habits then the goals will take care of themselves.
Conversely, if you only have a goal, what happens when you get sick, tired, overwhelmed or go on a vacation that breaks your rhythm?
You rationalize your choice to not perform the necessary action to reach your goal.
One of the reasons I got involved in producing “The Baby Boomer Dilemma” is that there are far too many good people out there that are not prepared for retirement.
The first function of a good retirement are the resources that you set aside to grow your wealth.
This is an older chart but it goes to show the average Net Worth of Americans by age. And it has not changed for the better.
I don’t think our forefathers had this as the goal in mind when they went through all of the sacrifices for us in hopes to find freedom and prosperity.
So what do we do?
It comes down to analyzing your habits.
In a book by Michael Masterson called “Seven Years to Seven Figures” he published this increasing rate-of-income savings targets to maximize your wealth-building progress.
So where are you at and how are you doing? Are you on track or do you need to reconfigure a few things.
The first habit is setting it aside. Once it is there we can optimize how to protect and grow those funds in line with your financial goals.
Don’t wait until it’s too late. Like the Chinese proverb states. “The best time to plant a tree was 20 years ago. The second best time is now.”
