What Not to Do

It is popular this time of year to make resolutions for what we will do and accomplish in the coming year. I’ve certainly done that many times. There is nothing wrong with it and if one creates reasonable goals and follows through with them it can be very productive.

Problem is that most people do not create reasonable goals, do not give them sufficient specificity, and most importantly do not follow through with them. This causes discouragement and a sense of failure. This in turn sours people on the very idea of setting goals. What is the point they ask.

Tomorrow we will discuss what you can do to make effective goals. Today I want to focus on the things that are counterproductive and should be avoided.

1. Do not set too many goals. This inevitably leads to discouragement. We only have so many hours in a day and all the bright ideas conceived on New Year’s Day can seem impossible to realize by January 10th. Limit your goals to no more than 3. You can always add more later if you have time.
2. Look at your past year and make a list of the things you should not be doing because you do not have time, money or because they just do not serve you well. If you are someone who takes on too much it might be an excellent idea to make a list of things you will not be doing.

3. Forget resolutions. Resolutions are usually blanket statements that cannot in most cases be realized. Creating reasonable, achievable goals makes sense. Creating vague and often unachievable resolutions (I resolve never to eat dessert; I resolve to spend 3 hours a day doing …; etc.) usually just set you up for failure.

4. Do not make a goal unless you have a concrete and compelling reason to achieve that goal. Following through for a year with a goal is hard work and requires a lot of motivation. You will not be sufficiently motivated unless you have a clear sense of why that goal is important to you.

This is an excellent time of year to take stock of where you are and then to create a few reasonable and important goals for the New Year. It can be a way to take greater control of your life. You do, however, have to be smart about it.

Tomorrow we will discuss the right way to set a goal.

Wishing you success and prosperity,

Daniel R. Murphy
Helping People Learn to Build Wealth

Wishing you Success and Prosperity,

Daniel R. Murphy

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.