How to make realistic goals for the new year

As we roll into a brand new year success oriented people's minds turn to goals for the upcoming New Year. This time of year they are called "New Years Resolutions" but they are just really goals that you are choosing January 1st to start your score keeping. Here are some tips to actually achieve those goals and resolutions:

1) Keep your goal as a stretch, but not almost impossible. If you have a goal to make $1,000,000 this year but have never even made $100,000 that million dollar figure seems too daunting and you need too much of a miracle to pull it off which will almost never happen. This will cause you to become disheartened and give up on your goal. Instead, be aware of where you are starting from and maybe have a goal to increase your income by 30 to 100% which might be a stretch but very reachable. If the goal was to double your income and you only raised it by 50% that is still fantastic and will motivate you to do even better next year.

2) Break down your goal into not just money numbers (in this example), but also accomplishment numbers as well. Using the income goal above lets say you are selling widgets. Every time you sell a widget you make $2,500 of income. If your goal is to make $100,000 of income you will need to sell 40 widgets. If you intend on working every month of the year you sell a little over 3 widgets per month. Lets also assume you pay attention to your numbers and you know that you sell one widget for every 3 apts you are able to book you know that you need roughly 10 apts per month. Now do the activity needed to generate your 10 apts and your income will fall into line automatically!

3) Ideally you want to look at your written goals every day but at a minimum 3 times per week. Don't just read goals but envision what that goal would look like after you obtain the goal. Take some time and enjoy your success in your minds eye.

4) Make sure you spend at least 20 minutes per day first thing in the morning reading not only your goals but planning our your activities for the day. A written plan and schedule every day is critical or you're just kidding yourself that you will obtain your goals or any meaningful results from your life. You should have a couple goals in every area of your life such as body, brain, being, income, wealth, relationships, spirituality, and any other areas that are important to you.

RELATED: Personal finance books for everyone

Personal finance books for everyone
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Personal finance books for everyone
The Millionaire Next Door

"The Millionaire Next Door is my go to finance book. It’s a great book to get your thinking differently about your money, and find out how others have been successful building wealth." -Debt Discipline

"The Millionaire Next Door is an explanation of how average people with average incomes have been able to attain millionaire status. If you don't think you're ever going to become wealthy, this book is here to prove you wrong!" -Financial Fanny Pack

"This best-selling book by Thomas J. Stanley dispels misconceptions about the wealthy and reveals the common traits they share. It was an eye-opening book that helped me get a better vision on my journey toward financial freedom." -Marriage, Kids and Money 

I Will Teach You to be Rich
"Ramit is amazing at explaining boring and complicated personal finance topics in a conversational, fun, and easy to understand way. This book totally covers everything you need to do for healthy finances and dissects it into simple, actionable steps you can start on immediately. Recommended for anyone who wants to get their money matters in order!" -InvestmentZen
Your Money or Your Life
"This book offers unique perspectives on personal finance, including challenging the reader to consider how many hours were spent working towards items they've purchased, rather than just the price. If you're looking to transform your finances, this is a great resource." -Mystery Money Man
Scarcity: Why Having Too Little Means So Much
"This book explains how powerful scarcity can be, whether it’s a lack of time or money. It’s not exactly a personal finance book--it’s more about psychology and poverty, but it’s one of the most interesting “finance” books I’ve read." -The Wild Wong
The Simple Path to Wealth

"The Simple Path to Wealth by JL Collins. Most people over complicate personal finance. This is one of the easiest books I've read about getting your finances in order and investing in your future." -The Jenny Pincher 

Rich Dad Poor Dad
"Rich Dad Poor Dad focuses on stories from the author's life to reveal the differences in how the "rich" and the "poor" think about money. Kiyosaki's explanations are easy to follow and can be a good starting point for some basic financial ideas that anyone to use." -Financial Fanny Pack
The Top 10 Distinctions Between Millionaires and the Middle Class 
"The Top 10 Distinctions Between Millionaires and the Middle Class by Keith Cameron Smith is a quick, easy read that challenged my thoughts on making money and inspired me to stop chasing paychecks and pursue financial freedom! I wrote a post about it here." -Saving with Spunk
The Total Money Makeover

"This book has inspired millions to turn around their finances and get out of debt. The information is straightforward and understandable and would be a great gift for anyone from college student to the soon-to-be-retired." -Hope + Cents

"Dave Ramsey provides 7 easy to follow "baby steps" that lead people to financial prosperity. This book helped me to become debt free and create a plan to pay off my mortgage by age 35." -Marriage, Kids and Money 

The Richest Man in Babylon
"The Richest Man in Babylon's collection of short stories cuts out a lot of today's financial jargon in order to get back to the basics. This book offers simple and actionable strategies that can, and should, be used by financial experts, complete beginners, and everyone in between." -Financial Fanny Pack
Money Talks: When To Say Yes And How To Say No
"This book would make for a great gift, because it’s not your run-of-the-mill, dry finance book. It focuses on real-life experiences with practical solutions to get out of sticky money situations. I devoured this book and it’s my go-to recommendation whenever a friend or family member asks me for one." -Jessica Moorhouse
The Wealthy Barber Returns
"In The Wealthy Barber Returns, David Chilton mixes great financial advice and laugh out loud humor.  A few chapters are geared towards Canadian readers, but anyone interested in personal finance would find this a great read!" -Mystery Money Man
99 Minute Millionaire
"Scott Alan Turner pens this no-nonsense book focused on reducing your stress when it comes to investing and retirement. It opened my eyes to hidden broker fees and the simplicity of an index fund-based investment portfolio." -Marriage, Kids and Money 
Awaken the Giant Within
"If you're going to make any money or be successful in this world, you need to understand yourself and get clear on what you want.  There is no better book out there for accomplishing your goals." -Jiu-Jitsu Finance

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