How to Set Great Goals for 2018

One thing is clear to me as we ride out the end of 2017: if you set great goals for 2018, it will make a huge difference in what you’re able to accomplish next year. The world we live in today is practically designed to distract us from keeping our eyes on our most important goals and work (for example, as I’m typing this, I’m trying to ignore the loud cartoon my kids are watching across the room). So focus is key. And great goals help you keep your focus, all year long.

How to Set Great Goals for 2018--www.thethreeyearexperiment.com

But how do you figure out the best goals to set for the upcoming year? Maybe you have fifteen burning desires that you’d love to achieve, but you don’t know how to prioritize them. Or maybe life is motoring along just fine, and you know you’d probably like to improve something, but you’re not sure what.

I found myself asking those exact same questions several years ago, and here’s what I’ve figured out really works when it’s time to goal set for the upcoming year.

  1. Get crystal clear on your values

It’s hard to prioritize your goals if you haven’t defined your values. What are your values, though? Values are what you judge to be the most important things in your life–the things that deep down, you care about the most. Given that definition, it seems like it would be easy to figure out your values. But it’s not always.

Sometimes, you want to value something that you actually don’t care about that much. For example, when I was in my 20s, I lived in Santiago, and Mr. ThreeYear and I were figuring out where we should go next. I was offered the opportunity to become part of an MBA program where I’d complete half in Chile and half at a great school in Texas. But I declined, ostensibly because I wanted to get into a top-10 MBA school, like Wharton. In the end, though, we moved back to the US and I didn’t go to an MBA school at all. To the shock of almost everyone in my family, I became a stay-at-home mom for seven-and-a-half years. It turns out that what I thought were my values–getting an MBA and climbing the corporate ladder–weren’t really my values at all. I really valued family, which was the real reason I didn’t stay in Chile to start an MBA, because I missed my family back in the US and wanted to go home. And I really valued motherhood, and making sure my children had a secure start in life.

One of the best ways I’ve found to figure out your real values is the “What do I want?” exercise. It’s fairly simple. You take out a sheet of paper, and at the top, write, “What do I want?” Now, all you do is list the things you want. They can be as small and insignificant, or as large and pie-in-the-sky as you want. Anything that comes to mind goes on the list.

When you start this exercise, your first few wants will probably be fairly trivial and perhaps materialistic. Continue reading “How to Set Great Goals for 2018”

Mid-year Goals Update

July is here, which means we’ve officially finished six months of 2017. (Happy Fourth of July week to all you US readers out there!).

How’s your year going so far? Our family is currently on an extended road trip/family visit in the Southeastern United States, so I’m logging in “from the road.”

Mid-Year Goals Update--www.thethreeyearexperiment.com

Earlier this year, I shared our 2017 goals for this year. We’re on a three year journey to double our net worth and become location independent, so we have some pretty specific goals for this year to make that happen. Continue reading “Mid-year Goals Update”

How Other People Can Help You Reach Your Goals

We all need a little help in life. When it comes to staying on track with our goals, friends and partners can make a huge difference in your success rate.

Other People Help Reach Goals--www.thethreeyearexperiment.com

Running Partners

For example, I’m currently training for a half marathon. It’s a beautiful half marathon that takes you through picturesque New England towns and by gurgling brooks and horse farms, one of the most popular half marathons in the area.  This will be the fifth time I’ve run it and the race is happening weekend after next. I’m a little behind on my training, though.

Yesterday, I needed to run ten miles. The only time I had to do it was before work, which meant I needed to get up at 4:30am and start running at 5am. The night before, Tuesday night, a friend had a get-together. If I had to run those ten miles by myself, with no one to support me or keep me on track, I’m sure I would have stayed way too late at the get-together and would have found a reason not to get up the next morning. Continue reading “How Other People Can Help You Reach Your Goals”

A Year of Good Habits: Quarter One Update

We have officially completed the first quarter of the year! We’re calling this year, which is Year One of our family’s plan to reach location independence, the Year of Good Habits. Each month, I focus on improving or developing one new habit. Sometimes the habits are directly related to personal finance and sometimes they’re related to general self-improvement.  At the end of each month, I have been continuing the last month’s habit (or trying to) and adding a new habit in. (But, just for totally transparency, I would not recommend starting so many new habits in one year for the average person. This is more an experiment for the blog. In real life, I try to add in one or two new habits a year).

Quarter One Update--www.thethreeyearexperiment.com

Habits–whether intentional or not–have been proven to be incredibly important. They are routines that are so ingrained into our days that many of them we follow without realizing we do so. Continue reading “A Year of Good Habits: Quarter One Update”

A Year of Good Habits: Tomorrow’s Top Three

I’m going to spend each month of this year focused on building one new good habit to help our family achieve our goal of location independence, doubling our net worth, and moving abroad in three short years. This month, I’ll be focused on setting tomorrow’s top three goals.

Tomorrows top three--www.thethreeyearexperiment.com
Some of my top three from a couple of months ago.

Habits are the building blocks of our daily life, and I believe that focusing on replacing any bad or even “meh” financial and daily habits Continue reading “A Year of Good Habits: Tomorrow’s Top Three”