I want six-pack abs.
That’s right, I said it: Six. Pack. Abs.
You know, the kind that superman and David Hasselhoff have.
Oh, I also want a million dollars in my bank account. Oh, and while we are at it, let’s throw in an airplane, too. Grant Cardone has one, so why not?
These are all fine goals to have. And they really are goals for me.
But guess what? They are mostly worthless.
And, in fact, they might be worse than worthless.
They are dangerous.
Goal Setting Will Make You Broke and Depressed
There is one major thing getting in the way of my six-pack:
I like cake.
And cookies.
And pizza.
So every year I tell myself, this is the year I’m finally going to get my six-pack. I’m going to say no to the cake. I’m going to work out. I really want to get in shape.
But then I eat more cake.
And cookies.
And pizza.
And I don’t get that six-pack.
So I get depressed. And I eat more cake. And I get more depressed.
Now, maybe you don’t care about cake. Maybe you want something else.
Maybe this is the year you are finally going to quit your job! This is the year you are going to start your own business. This is the year you are going to buy your first rental property.
But then you eat more cake slack off.
You lose the momentum.
You can’t find a good real estate deal.
Your business partner flakes out on you.
You lose the fire.
And you get depressed.
Maybe, in an effort to accomplish those goals, you spend a bunch of “hype money.” Someone, somewhere, convinces you that the fastest or best way to achieve your goals is by purchasing some kind of product or $10,000 course or boot camp.
So you spend the money, thinking it’s going to help you.
You equate spending money with taking appropriate action.
But it doesn’t.
It just makes you broke.
And depressed.
Or let’s go back to the example of buying your first investment property. You really want to buy it. You know that buying rental properties is going to be your ticket to generational wealth for your family.
But because you are so focused on your goal of buying that property, you don’t buy the rightproperty.
You spend too much.
You didn’t run the numbers right.
You buy a bad deal.
And so you get depressed. And then you go broke.
And it’s all because you were so focused on this “goal” that you needed to hit.
Because here’s the truth you need to understand.
Are you ready for it?
Here it is:
Goals are not enough.
(click to continue reading on BiggerPockets)
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