• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Masters Advisors

  • About Us
  • Our Approach
  • Our Services
  • Corporate
  • Blog
  • Contact
  • Client Log-in
Client Log-in Contact Us

The Master’s Minute

Helpful Tools and Tips

The Master’s Minute – Guidelines for Goal-Setting

December 14, 2021 by Jonathan Thompson

It is hard to believe that it is the middle of December already. Pretty soon, we will turn the page on 2021. Think back to the beginning of this year with me: did you have anything you wanted to accomplish in 2021? If you answered in the affirmative, were you successful in achieving your goal? As we prepare to enter 2022, here is some advice related to setting goals:

  • Be Realistic – Do yourself a favor and, when you are setting your goal, be kind to yourself. I enjoy playing golf, but I am not a very competitive player. At my current handicap, it would be unreasonable for me to expect myself to be a scratch golfer by the summertime. Setting realistic goals will help ward off the excessive discouragement that can cause people to give up easily.
  • Foster Accountability – After you formulate a realistic goal for yourself, set up some accountability to help you stay on track. This can take multiple forms such as writing your goal down in a place that others can see or communicating your goal to the people in your life that know you best (and be sure to invite them to keep you accountable).
  • Make It Measurable and Specific – Ideally, your goal should be one that is specific enough in nature that you can measure your progress. Let’s compare two goals: to “improve my golf game” versus to “achieve a fifteen handicap”. The less specific the goal is, the harder it will be to measure your progress.
  • Keep Track – Maintaining a record of your progress towards your goal will help you stay motivated. Seeing how far you have come from where you started can be a rewarding thing. Progress can be a silent process, so keeping track of where you are in relation to your goal will help you stay the course and make the necessary changes when you get off track.

What about you? What goals did you have for 2021 and, as the year winds down, how much progress did you make towards your intended goal? If you did not achieve your goal, what can you learn from that experience to help inform your goal-setting for the new year?

Filed Under: Master's Minute

Primary Sidebar

Categories

  • Behavioral Finance
  • Blog
  • Client Service
  • Current Newsletters
  • Faith Integration
  • Financial Planning
  • General
  • Investing
  • Market + Industry
  • Master's Minute
  • Master's News
  • Personal Development
  • Strategy
  • What's the Point?

Search Blog

Archives

Footer

Receive Master’s Minute Blog Articles Today

  • This field is for validation purposes and should be left unchanged.

480 New Holland Ave
Suite 7201
Lancaster, PA 17602

  • 
  • 

Contact Us

Albridge log in | Client log in

© 2023 Master’s Advisors • Developed by TinyFrog • Important Disclosures | Privacy Policy

Securities offered through Securities America Inc., member FINRA/SIPC. Master's Advisors is not affiliated with the Securities America companies. Advisory services offered through Securities America Advisors, Inc. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed. This communication is strictly intended for individuals residing in the states of CO, DE, FL, IL, IN, KY, MD, ME, NC, NE, NJ, OH, OK, PA, SC, TN, TX, VA, VT, WV, WY. No offers may be made or accepted from any resident outside the specific state(s) referenced. PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the websites provided here, you are leaving this website. We make no representation as to the completeness or accuracy of information provided at these websites. The company is not liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third party technologies,  websites, information, and programs made available through this website. When you access one of these websites, you are leaving our website and assume total responsibility and risk for your use of the websites you are linking to. All images and Content Copyright © 2020 Masters Advisors, Inc. Securities America and its representatives do not provide tax or legal advice; therefore it is important to coordinate with your tax or legal advisor regarding your specific situation.

Securities America Form CRS

Check the background of this firm on FINRA's BrokerCheck.