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How do you respond when asked about your goals in life?

Is financial independence one of them?

If so, it’s no surprise. That’s one of the most common answers. There’s no doubt you’ll mean it, but where do you go from there?

And please, don’t make it nowhere. That’s an all-too-common outcome.

So how to you go about morphing desire into destiny?

First off, ditch the lip service. Make a commitment to yourself and those who depend on you. Then, take action.

Start by outlining a plan, putting your goals into concise and measurable statements. You need a destination. When it comes to your personal finances, every decision should be based on your goals.

Ultimately, your intention is to work smart. So start by planning smart:

SMART planning

If your goal is to make $1million by the time you’re 30, you probably shouldn’t be a cube jockey. If your goal is to live in the suburbs and drive a conservative car, you can probably be a cube jockey. If you don’t have a goal, you won’t be able to answer the question either way.

If your goal is to save $1000 a month, can you really afford that trip to Vegas? If your goal is to save only $100 a month, you can probably go to Vegas. The key to creating goals is to be realistic and extremely detailed.

checklist

Virtually all motivational and self-help books stress goals and include unique processes to create them.

Frankly, the best process is research. You’re mapping out your financial life, so put a bit of time into it.

Of course, life doesn’t always let you plan by the numbers. But if you get your entrepreneurial structure in place, you’ll find yourself responding to opportunity in a much more lucrative manner.

He’s done well with shoelaces. Vanessa Simpkins did it by selling mops. Many achieved their financial independence by simply getting paid to point prospects in the right direction.

The bottom line is this: there will never come a day when financial independence can’t be attained. Unless of course, planning for it never happens.

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