Needs, Wants and Transformations: Setting Substantial Income Goals

To succeed, you need goals. Sounds simple, doesn’t it? The truth is that you need to set goals based on more than dollars and cents. Think about your lifestyle and how you’ll use a new income stream to change it. Without concrete dreams about how you’ll live, wealth is just a number with a dollar sign — and who really gets inspired by numbers?

I like to divide goals into three categories: Needs, Wants and Transformations. When you learn to clearly identify your goals in each of these categories it supercharges your resolve. You’re ready to take the first step to a substantial income because you know what it’s for. After that, working is easy; you’ve acquired clear standards for personal success. Let’s explore these categories.

Needs

Put a fancy car (in my case, a motorcycle) and tropical vacations on the backburner for now (Don’t worry, we’ll get back to them) and think about what you really need. Do you need to get out of debt? Pay for your kids’ educations? Cover medical bills? Make a list and write these needs down. Don’t forget to include psychological needs. Are you suffocating under a bad boss? Escaping him is a need, too.

Wants

Your next list consists of everything you want. (Remember how I said we’d get back to fancy cars and tropical vacations? Here we go . . .) Your wants include everything you’ve always wanted to do, but lacked the money to try. For this list, go back to the past and think about your idle dreams. Once you resolve to succeed, a new income stream puts these fantasies in your grasp.

Transformations

I think Transformations is the most important category of all. Not only will it help you change your life, but it provides the most powerful motivations of all. This is where you indulge new dreams and go beyond the things you’ve always wanted. These aspirations reach to the core of your lifestyle and well being. Working your own hours is a transformation. Maybe you’ll decide to become an expert golfer or go back to school. Let your imagination run wild — it’ll reward you with motivation.

Once you’ve set these goals, attaining them is simple if you have a plan. I have some ideas to share in that department. Contact me – we’ll get started!

Tags: , ,

Leave a Reply