Updated: Feb 22, 2021
We have all made decisions that didn't turn out the way we expected. What if you could improve the odds of making better financial decisions? Let’s start by determining your dreams. Sometimes it’s daunting to put them down on paper, but studies have shown that the simple act of writing down a dream increases your chances of reaching it. Making tiny tweaks can lead to big dreams.
The gap between where you are today and where you want to be will narrow once you focus on getting there.
In the 1960’s University of Maryland psychologist, Edwin Locke and University of Toronto psychologist Gary Latham discovered that goal setting is one of the easiest ways to increase motivation and enhance performance.
Over dozens of studies, Latham and Locke found that setting goals increased performance and productivity by 11-25%. If you apply this logic to an average 8-hour workday, that’s the equivalent of creating up to an extra 2 hours of work a day simply by building your activity around a clear goal.
Significantly, Locke’s research also showed a strong correlation between the specificity of a goal and the chance of success—regardless of how difficult the goal appeared.
• I want to lose 10 lbs by my birthday (challenging, but specific)
…is a more successful strategy than…
• I want to lose weight (potentially easy, but vague)
When you have important financial decisions to make ... talk with us first. We can help so that you may have fewer regrets in the future. We can't predict the future, but we can help show what it might look like.