How to Create Goals for the Year — Even if You’re Not the Goal-Setting Type

How to Create Goals for the Year — Even if You’re Not the Goal-Setting Type

2 min read
Dave Van Horn

Dave Van Horn is a veteran real estate investor and CEO of PPR Note Co., a $150MM+ company managing funds that buy, sell, and hold residential mortgages nationwide. Dave’s expertise is derived from over 30 years of residential and commercial real estate experience as a licensed Realtor, real estate investor, and private lender.

Experience
Beginning his career in construction and as a Realtor, Dave bought his first investment property in 1989. After years of managing his own construction business, Dave became a full-time real estate investor, specializing in fix and flips, buy and holds, and eventually commercial projects, before moving into note investing in 2007.

Over the past decade, Dave has also invested his time into becoming a connector and educator, who helps others achieve success. He focuses jointly on helping accredited investors build and preserve wealth with his group Strategic Investor Alliance and with general audiences through the annual MidAtlantic Real Estate Investor Summit.

Dave has also shared his strategies and experiences with real estate and note investing via hundreds of articles published on the BiggerPockets Blog and with his acclaimed book Real Estate Note Investing.

Press
Dave has been featured on the BiggerPockets Podcast twice (shows 28 and 273), as well as episodes of familiar podcasts, including Joe Fairless’ Best Ever Show, Invest Like a Boss, Cashflow Ninja, and many others. He also has been a guest of Herb Cohen’s on Executive Leaders Radio, which airs nationwide.

Accreditations
Dave is a licensed Realtor with eXp Realty with CRS and GRI designations.

Follow
Dave’s LinkedIn
PPR on LinkedIn
PPR on Facebook
Twitter @DAVIDAVANHORN

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It’s just about that time of year when people start to sober up and think about reneging on all of their New Year’s resolutions or changes that they were planning to make in the upcoming year.

For most, the resolutions are probably not that life-changing, and many of the masses want everything to change without really changing anything themselves. But as one of my favorite philosophers on personal development, Jim Rohn, always says, “Work harder on yourself than you do on your job.”

He also says, “Success is something we attract by the person we become.”

For some, success is a number, like money or assets. Maybe it’s happiness, financial freedom, or just not having too much responsibility. Let’s face it: Success means different things to different people.

But we can all agree that this is the time to reflect on the year that has gone by and to think about the future. It’s a great time to think about making adjustments. Maybe it’s time to join a new group and change our network. Maybe it’s time for some new habits, whatever those may be. Perhaps you want to start a new diet or a new exercise regimen.

achieve-goals

Related: 7 Tips to Help You (Actually) Achieve Your Entrepreneurial Goals This Year

Creating Personal Goals

When I work on my personal goals, I like to utilize the goal sheet from Jack Canfield, of Chicken Soup for the Soul fame, as he provides these seven categories:

  1. Financial
  2. Career
  3. Recreation and Free Time
  4. Physical fitness and Health
  5. Relationships
  6. Personal
  7. Community Service, Contribution, and Legacy

These categories give me a good place to start, and I’ve been using this format for many years. It’s great for those of us who sometimes don’t know what we want to start thinking about in the upcoming year.

Over the last several years, when it comes to planning for business, I’ve been fortunate to have a coach who’s helped me and my partners with our corporate forecasting. Also, a great book that helps with this is Verne Harnish’s Mastering the Rockefeller Habits. Not only does the book encourage the old Jim Collins theory of having a BHAG (Big Hairy Audacious Goal), but it insists on doing what John Rockefeller did.

He made it a point to know the top five things to achieve not only for a three-year plan, but also as far as one-year and quarterly goals, as well as having some critical numbers and key performance indicators (KPIs), in order to evaluate and measure himself and his business as he headed down the path towards success. This may sound easy, but once you complete this type of strategic plan, you are going to be much more laser focused on where you and your organization are going.

revamp_goals_midyear

Related: How to Reduce Your Financial “Burn Rate” to Achieve Your Investing Goals

Thinking Larger

After having a three-year plan, maybe you can then look out as far as 10 years, and then maybe you can even start to think about retirement and how you plan to replace your earned income. If you can do this type of detailed planning, it becomes much easier to be grateful for the things that you have while on your way to getting the things that you want. I like to think that it’s worthwhile to be ambitious but content along the way, as opposed to being ambitious and greedy.

So, as you think about how much money you want to make this year, how many deals you want to do or buy, or how to make your real estate investing easier, maybe it’s time to think about what you plan to do to be more successful in 2016. Feel free to share!

Have you created goals for the year? How would you fill out the seven categories above?

Leave a comment below!