Why You Should Be Setting 90 Day Goals For 2021?
How do you set your goals?
Discover why setting annual goals is flawed, the top five reasons why I set 90-day goals and how to reduce procrastination….
Happy New Year everybody and welcome to 2021. I know many people are happy to put 2020 behind us. I am pleased to see the end of 2020. However, there have been some huge benefits, and positive things have come out of a challenging year. I hope you and your family are safe and I hope you guys are ready to move forward into the new year.
I wanted to focus on goal settings during this episode, and more specifically, why you should be setting 90-day goals for 2021. Traditionally people like to set big goals, for example, I want this house or this car. People often struggle to set timestamps, or if they do it will usually be annual. I think this is the wrong approach, and there is a lot of research that suggests setting shorter, sharper goals are really beneficial.
This episode will discuss five reasons you should be setting 90-day goals, breaking your milestones into manageable chunks.
Small attainable goals
By setting 90-day goals, your goals tend to be smaller and more realistic. Results can come quite quickly, and you will be surprised at the impact they can make on your bigger goals.
For example; if your goals are to achieve 10 Rent-to-Rent deals from zero properties, it seems like a mountain to climb. I would recommend focusing on achieving one rent-to-rent deal in three months. Due to the goal being more attainable, it will make you act tomorrow. The danger with annual goals can be the lack of urgency, it’s easy to relax, and if you do not take action, time will move quickly.
Track and measure
90-day goals are easier to track and measure. You can break the goal down and hold yourself accountable. For example, if you have a plan to secure two Rent-to-Rent deals and after four weeks in you have only completed two viewings, with only eight weeks left you will know it’s time to get moving.
Flexibility
When you set 90-day goals, it allows for more flexibility. Last year before COVID, I had plans in place, big goals, and I had to tweak or change for most of them. If you set big goals and have to pivot unexpectedly, you may be unable to do that due to the level of commitment they require. That’s why I like to set 90 days goals because if it’s not working, you can adjust the goalposts and regroup, it doesn’t feel like a big failure that could impact your confidence.
Listen to this weeks episode to discover the final two reasons why I think setting 90-day goals can significantly impact your success.
In this episode, you will discover
The key generating wealth
The importance of compounding your income
Ways to generate a passive income
How I have been able to compound my income through property
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Podcast Transcript↓
[00:00:56] Simon here. Welcome to another episode of the podcast, where we talk all things, property, creative cash flow, and of course, how to be financially independent to day, not in 25 years. Happy new year, everybody. Welcome to 2021. I know a lot of us are glad to see the back of 2020. Although I was saying on my Instagram, you have a day that whilst I'm glad to see the back of it, there has been some huge benefits and positive things that have come out of a challenging year.
[00:01:35] Um, I hope you and your family is safe and I hope you guys are ready to move forward into the new year. So today's episode, it could be non other, it's going to be about goal setting, but in particular, it's going to be about why you should be setting 90 day goals for 2021. Now, traditionally, people tend to have these big goals.
[00:02:01] You know, I want this house or this car, or I want to, you know, get this massive, massive, big, big goal. And they, you know, they might not necessarily set timestamps at all. And if they do, they'll probably be annual. So it was like this year, I want to do X this year. I wanna do Y and I actually think that's flawed and there's a lot of research out there that suggests that setting shorter shop bursts.
[00:02:32] Of goals is, you know, it's really, really beneficial. And it's proven that people that do that or more successful and tend to follow through more. So today I'm going to discuss five reasons why I think you want to make sure that you're breaking your goals down into manageable chunks. And I recommend 90 days, quarterly goals.
[00:02:54] Obviously this is nothing new in terms of business goals, but it can really pivot and work well. For your personal goals. So I'm going to talk about five reasons why I think it's important and the benefits of setting 90 day goals. And then I'm going to sort of tell you what I've done and what I recommend you guys doing.
[00:03:14] Um, and we'll yeah, we'll take it from there. So five reasons reasonable one. The good thing about 90 day goals is. They're small enough to be attainable and for you to see the results quite quickly yet they're big enough to actually really make a decent dent in your bigger goals. So for example, if your goal is to have 10 rent to rents and you set from ground zero, trying to get 10 rent to rent, you can see that's quite a big mountain to climb.
[00:03:48] So what I would recommend is saying, look, I'm setting up. I want to get to rent to rent in the next three months. And as you can see, that's a lot more attainable. It's still moving new towards your 10, but it's going to force you to act tomorrow because the danger of annual goals is there's no urgency.
[00:04:08] So you relax, you relax. And then you start working after a few months. And before you know it you're in the last quarter, you've run out of time and you've only got three deals and you start to feel bad about yourself. So reasonable one it's big enough. To make a big dent in your big goals, but it's small enough to be attainable.
[00:04:25] Number two, it's easier to track and measure. And the reason for this is because you can break it down and you can hold yourself accountable. So if you want to get to deals and after four weeks, you've only done a couple of viewings, you know, where near a deal, it's easier to sort of track that. To kick yourself up the, the bomb.
[00:04:46] So to just be, to get move in. Okay. Number three. And this is a big one. It eliminates procrastination. You know, if you set 90 day goals, you've got to do that in those 90 days. You've not got any time to waste. You need to start today. Whereas if they're annual or three years or five years, once again, it's tempting to procrastinate and think I've got loads of time.
[00:05:13] And before you know it, you don't end up doing any action at all. Number four, it's flexible. That means is you can review constantly and change and move depending on what's going on. Last year before COVID I had goals, big goals, and a lot of them had to slightly tweak and change. But once again, if you've got a massive goal and for some reason, things change and you're unable to do that, or you decide you don't want to do that anymore, it can be quite debilitating.
[00:05:48] And the good thing about 90 day goals is if it's not working out or something's not working, or you, you, the, the goalposts has changed, you can just start again. Sent new 90 day goals and then, you know, regroup, it doesn't feel like a big failure. And finally, last but not least it avoids overwhelm once again, kind of touched upon that earlier.
[00:06:11] If you've got this goal of 20 rent to rent deals and 10,000 pounds per month, passive income, that can be massively overwhelming and you don't see a clear way of getting there. So I really, really recommend figuring out what your big goals are, but then set 90 day goals of what you're going to achieve.
[00:06:32] And I did an episode on how I actually set goals, and I think it was episode 10 at this podcast had set goals and smash them. So check that out. But in really quick summary, you want to set goals. You want to stress, test them, make sure they've got real wise. Okay. You want to make sure they're measurable and they've got a timestamp really key.
[00:06:55] You want to write them down and you want to repeat the process because goals evolve all of the time. And sometimes the things we think we want in life, we don't want at all. And it's like, um, it's, like I said, in episode 10, setting goals will take you four. But it's the why's behind them. That would take you to the next level.
[00:07:19] So make sure that you've got strong wise for these goals. You start acting now and I want you guys to stay in touch, hit me up on social media. Let me know what your 90 day goals are. And let me know if I can help you. And I'd love to follow your journey and see if you can smash them in the first quarter of 2021.
[00:07:42] And I know there's this question that I've got to just tackle. A lot of people are going to be thinking is now the right time. I'm in tier four. You know, we don't know it's uncertain. He'd been procrastinating for so long already. I would urge you. To make something happen, start acting a lot of you have been wanting to do this for months, and you've got a fresh start now set 90 day goals, smash them.
[00:08:12] And if you need any help, you know where I am. So guys, thanks very much for tuning in and remember. Don't wait 25 years. Get creative.
[00:08:32] thanks for listening. For more information, check out Simon Smith, online.com. See you next time.