Today, Amy Walls of Thimbleberry Financial explains how to create SMART goals. SMART is an acronym for
SMART Goals also need to resonate with you - if you don't have a connection to the goal, you won't achieve it.
SMART Goals should also be put into writing - and there's neuroscience to back this up! Amy gives us a high level recap of Mark Murphy's study "The Gender Gap and Goal-Setting" (link below).
People who have vividly written down their goals are 1.2 to 1.4 times more likely to accomplish their goals. Writing things down happens on two levels: external storage and encoding. It doesn’t take a neuroscientist to know you will remember something much better if you’re staring at a visual cue (aka reminder) every single day. And writing improves the encoding process.
Finally, there needs to accountability. It's much easier to achieve a goal if you have someone to hold you accountability. That's where a financial advisor like Amy can help!
Resources:
Mark Murphy Study in Forbes:
https://www.forbes.com/sites/markmurphy/2018/04/15/neuroscience-explains-why-you-need-to-write-down-your-goals-if-you-actually-want-to-achieve-them/?sh=7415a20a7905
Thimbleberry Financial Website: https://thimbleberryfinancial.com/
Call Thimbleberry Financial: 503-610-6510