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[Financial Sharing]Goal thinking

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Moomoo Options TA joined discussion · Sep 20, 2022 22:12
Hi there, welcome to moomoo financial sharing! Today, we will go through with you on Goal thinking.
How to stick to your goal?
Setting goals is only the first step, and the most critical step is how to persist in striving for them.
Most people may encounter some obstacles when moving towards the goal, and may give up soon. However, have you ever thought about "why" you want to set this goal?
Why am I asking this? That's because "why" is what drives you to reach your goals.
To give some scenarios:
Henry Ford, the founder of Ford Motor (FORD), started the company to make it affordable for everyone to buy a nice car;
Henry Ford
Henry Ford
Bill Gates, the founder of Microsoft, wanted to achieve the goal of having a personal computer in every home;
Bill Gates
Bill Gates
Facebook founder, Mark Zuckerberg, wanted to link the relationship between each other.
Mark Zuckerberg
Mark Zuckerberg
Their goal is not just to make money, they have dreams to pursue, and they know "why" they have to achieve their goals.
Most of us are more emotional than rational, So if there is no real person or thing to be the cause of struggle, then our goal will get "hollow", and slowly we cannot persist on and finally give up.
And "for what" is your source of motivation.
Are there any reasons in your goals that can keep you going? You will persevere, work hard, and struggle because of "for what"!
Then if you still don't know how to set goals, or uncertain whether the goals are feasible or not. I'm here to give you another method to judge. That is to use the SMART rule.
1. Specific
This is like what we've shared in our learning that you must set specific goals. Reason being when your goals are too vague, you will not know how to start.
For example, the goal of many people is to achieve financial freedom. However, the goal is too abstract and not concrete enough.
You can say that you want to have a monthly income without worrying about food and drink.
2. Measurable
Only when your goals are quantifiable, then you'll know if you have reached your goals!
Feelings alone are unreliable to judge financial freedom. If you quantify it, you will have an income of more than 10,000 RMB every month, then you can measure whether you have achieved the desired goal!
3. Achieve
When we set goals, it's better to be achievable but not fanciful. In short, it may hard but achievable. It's a bit of a challenge, but it's a possible goal!
For example, if you are earning 5k per month now, and you hope to earn 5w per month starting next month, this goal is probably difficult to achieve.
4. Relevance
Usually when we set goals, we will have a big goal, then in order to achieve this big goal, we will split it into several small goals at the same time! Pay attention that the goals we set need to be relevant.
For example, our goal is to achieve an income of more than 10,000 RMB per month, but one of the small goals we split is: I have to clean the house once a week. Obviously this small goal is not related to our big goal and does not have any value to our monthly income.
5. Time-bound
Finally, setting goals must be time-bound. You must set a timeline when you want to accomplish your goal! Only when you set a time limit can it effectively urge you to accomplish your goals.
Going back to our example, if we don’t limit how long we will reach our goal, we will likely be lazy and delay the goal again and again, making it difficult to achieve. After all, laziness is human nature.
Finally, a word for everyone: complete first, then perfect.
I used to do everything I wanted to be perfect before I did it. As a result, I was hesitate to take the first step, and I missed a lot of opportunities.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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