Using Debt as an Example of Goals and Dreams That Actually Work

It is something anyone over the age of, say, 12 have heard in one variation or another. ‘Work hard. Set reachable goals. Continue to work hard.” So, is it really that simple? What are reachable goals anyway and why do so many people fail to meet what they intend to?

What is a Reachable Goal?

Reachable goals can be sectioned off into smaller and more manageable pieces. Take the popular goal of being out of debt. A dream is to be out of debt, sure. A goal is to clear credit card debt by the end of the year or to pay off that large student card. So, how is this broken down? Well, goal-setting would incorporate realistic smaller steps to accomplish this. For example, one could pay $200 a month until the end of the year to pay off their card. They can then take that $200 and add it to another debt source, such as a mortgage.

Debt, the Measured Goal

Debt is a wonderful goal to break down because it is measured. It can be easily tallied in a metric that leaves little room for interpretation or wavering. If one pays $200 a month for two years, the debt will be cleared (or whatever variation works). The point is, it is a great place to start in establishing consistency in goals because it is easily measured. How someone can come up short is clearly defined.

The goal relies on the breaking of habits. In the debt example, two habits could be likely. The first is that a person keeps on using their card. This has to stop. It is a habit that has got to go. The second is that a person pays the minimum every month even though they set the goal of paying $200. This introduces the problem of accountability. The 2018 goals need to be realistic and grounded.

Goal-setting is a bit of a skill and this only scratches the surface. Debt is only an example of a place to start because it is easy to measure. Goals can be anything that can break down daily or weekly.