Hey, what’s up everybody? This is John Payne. Just want to welcome fellow investors back to REI Wealth Academy. We’re talking about goals for the month of February, how to set goals in general. So we’ve talked about the big why. Now we’re moving and transitioning into setting goals. Now we understand why we’re doing something and now we’re going to take action, and we’re going to have very specific goals that we’re going to be accomplishing.
I’m going to talk about how to do time frames with some of these things as well, but today, I’m going to talk about the framework of what we use. This is one that’s been out there, and you’ve probably have heard of this before. If you haven’t, welcome to it. It’s a pretty awesome way to go about it, but it’s using the acronym, SMART, so we’re going to be using SMART goals. The acronym stands for Specific, Measurable, Attainable, Time-sensitive and Realistic goals.
Also, I would encourage you to start thinking about smarter goals. You add an -er to end of that, and you have the emotional side of it and then something that is recorded. The reason why I add those two in there is to attach the big why of what we have and then to also have a reflection period of being able to track how we go about doing that. So not just having all the other attributes of it, but being able to actually ask, “Why did we set this goal and how does that goal apply specifically to the big why? How does the goal that I have today or this week or this month, how does that goal, this goal, and all of those goals, tie into the big why that I have?”
You might have a couple of different reasons why you could explain some of that, but it’s always good to tie it back to that core reason, and it helps you, number one, stay engaged with the core region every single day, but it also keeps the action steps that you’re going to have with your big why always attached to that deeper side of your actions. The biggest thing that I can say for the SMART goals, and the SMARTER goals that we’re talking about is the discipline that comes behind them of looking at what you need to do today.
What are the biggest impacting things for your business, for your real estate investing that you would be able to just change your business in general? Many of those things are going to be making offers, making phone calls, finding money, whether that’s through friends and family, whether that’s finding creative waves for yourself. There’s actually going out there and raising private money. There’s specific things that you’re going to need to do every single day and then on top of that, you’re going to need to do marketing.
What are the things that you need to do in order to move your business to the next step? Using SMART goals, SMARTER goals, attaching what you need to do to your big why is absolutely critical. That covers at the least the basis of what we’ll be talking about throughout the month. Come back to reiwealthacademy.com. Hit us up on Facebook and Twitter. Leave us a comment or review.
If you guys are getting value out of this, if you enjoy something or you think that we can do better, that’s what this engagement piece is all about is making sure at least we’re providing you something, moving you down a pathway to be able to become a better real estate investor because at the end of the day, that’s all we want to be able to do is stick a hand out to say, “You’re here. Here’s where you want to be. Can we help you through that process?” Please provide us feedback to let us know how we can do that better for you and any future investors that are going to be coming through REI Wealth Academy. With that, this is John signing off.
Have a great one.