Personal Development

No More Excuses: How to Accomplish Your Big Goals for the Coming Year

Expertise: Personal Development, Business Management, Real Estate Investing Basics, Landlording & Rental Properties, Personal Finance, Flipping Houses
120 Articles Written
planning-next-years-goals

Success is never bred from talking. Nor is it achieved by wishing, hoping, or even believing. Dreaming and having a goal is important, but ultimately, success is achieved through taking action. Adjust, review, learn from past mistakes, and then take action again.

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I am often amazed at the number of people who talk about ideas that actually translate into nothing. Saying something doesn’t make it real without action. For instance, I’ve often heard folks say things like:

  • “My business is going to crush it.”
  • “This year, we are going to do a TON of business.”
  • “I am going to be a millionaire.”
  • “My house is going to be HUGE.”
  • “I’m going to earn a whole lot of income.”

All these statements haven’t defined anything. Some of the statements are vague. Others have an overstated sense of pride or ego, but contain no real information. And all of them don’t actually explain how to make things happen.

State the Goals Plainly

Make the goals so clear and simple that anyone can understand them. When the goals are apparent, you’re able to create a clear path to get to them. They make sense to you and can be easily explained to others. These goals should also be aligned with what you actually want to accomplish.

Clear goals look like this:

  • Acquire 10 single-family residence rentals in the next 12 months in the $100,000 range, netting roughly $200 a month in cash flow.
  • Flip 12 properties in the next 12 months, with an average net profit of $25,000 per property.
  • Review three or four turnkey companies and pull the trigger on purchasing two turnkey properties within 12 months.
  • Buy a first investment property by house hacking a duplex that is roughly two beds/two baths and around 1,000 square feet per side, renting for at least $900 per month.
  • Increase revenue $120,000 for the year, or $10,000 per month, by doing one additional wholesale deal averaging $10,000 per month.
  • Work toward my dream home: 4,000 square feet, near the mountains, no more than 30 minutes from the office, priced around $500,000, requiring at least $100,000 or 20 percent down payment.
  • Stabilize financial situation by having 12 months of cash reserves, equaling $100,000 in the bank.

Related: Inspirational Success Stories Are Great—Unless They Lead to Goals You Never Wanted

Write Them Down

write-down-goals

Review your goals with regularity—preferably every day. Understand the goal and be so excited and driven to solve that problem you wake up and go to sleep at night thinking about the goals. Be obsessed with them. Talk about the goals, how you will achieve them, and what it will mean to you once you have achieved them.

Formalize a Clear Plan to Achievement

Once you have laid out the goal, make sure to take a step back and think through the problems that could arise. If your goal is to save up to $100,000 in reserves, then how much do you currently have? How much are you contributing to this goal per month?

If you don’t have additional income, what is your plan for saving money, and how much? Stabilize that income. Understand your next quarter pipeline. Review your current monthly budget. Don’t have a budget? Create one! Once your budget is laid out, ask yourself: How can I affect my spending while still living a similar lifestyle?

All of these questions come around the original goal, but now are tactical instead of strategic. Once you have the strategic objective, the problem is now what action to take to have the desired outcome.

Get Help From Someone Who’s Been There

If your goal is to own, say, 100 houses, you need to speak with someone who has actually owned 100 houses. There are so many people who have opinions about how to get to where you want to go. That’s not helpful. You want to receive mentoring and help from someone who has a business that looks like what you want your business to look like.

I distinctly remember early in my career meeting with a mentor and him laying out how his business looked. He had many “legs to the stool” within his business, including a brokerage, rentals, fix and flips, and lending. These are all amazing parts of his business, and an inspiration to my business and goals to this day.

What I learned very quickly, however, is it’s one thing to have many great or significant goals, but each of them requires your attention and time. It’s so easy to underestimate them and then fail to achieve any of them. Pick one goal and work like hell at it. Make it clear. Have a process or plan to follow it. And once that goal is achieved or that part of the business is running, then move to another different or bigger goal.

Related: How to Find a Real Estate Investing Mentor—the Basics

Track Results and Hold Yourself Accountable

being-held-accountable

If you aren’t tracking your way to your goal, it’s not really a goal. And it surely isn’t important to you. Your goal is meaningless, and you should re-evaluate it.

Track what is happening. If it’s that savings goal, and it’s month three, do you currently have $15,000 put aside toward that $100,000 goal? Why or why not? What is stopping you? Is it the income, or is it that you’re blowing too much money on other things?

Make adjustments. Spend less. Review and calibrate your actions to get the results you desire. Don’t make excuses. Share what is happening with close friends or mentors who understand and are helping hold you accountable as well.

Most of all, don’t simply talk about it. Talk is meaningless. The result is what you have from taking action. Success of the goal equals how well you have planned, reviewed, executed, and taken the proper steps to achieve that goal. Thoughtfully select, plan, and execute those goals.

What goal would you like to achieve in the coming year, and how do you plan to achieve it? 

Share with a comment below!

Nathan Brooks is the co-founder and CEO of Bridge Turnkey Investments, a Kansas City-based company renovating and selling more than 100 turnkey properties per year. With over a decade of experience in real estate, Nathan is a seasoned investor with a large personal portfolio and a growing business portfolio. Just last year, through Bridge Turnkey Investments, he helped investors add over $12 million in value to their real estate portfolios. Nathan regularly produces educational content to fuel his passion for helping other people learn about and find success in real estate investing. He has been featured regularly on industry podcasts such as the BiggerPockets Podcast, Active Duty Passive Income Podcast, Freedom Real Estate Investing Podcast, Fearless Pursuit of Freedom Podcast, Titanium Vault, The Real Estate Investing Podcast, The Best Real Estate Investing Advice Ever Show, the Good Success Podcast, FlipNerd, Wholesaling Inc., The Real Estate Investing Profits Master Series, Flipping Junkie Podcast, Flip Empire podcast, Think Realty Radio, and more. He is a sought-after speaker and writer and can be found on stage regularly at events across the country.

    Samantha Mcclure
    Replied about 1 year ago
    My problem is i sleep till noon and by that time all the early risers have already left me several emails, phone calls. And not always pleasant ones. But by the time i get done with work and then taking care of sick family members i find its 3am by the time i get to go home . i just cant seem to find a way to make everyone happy and be able to sleep. How i wish i could have a routine lifestyle.
    Kathy Marshall from Buffalo, NY
    Replied about 1 year ago
    Hi Samantha, I want to send some support your way because it sounds like you’re spent. You must accept that you absolutely CANNOT make everyone happy. It’s an impossible goal, and you are not responsible for anyone’s happiness. You must draw boundaries in your life to save your sanity. You can’t help people (i.e. sick family members) if you are drained. I just read some books that could help you, even though you probably don’t have time to read. The E-Myth Revisited by Michael E. Gerber) is great for helping you think in terms of organization and delegation. The 4-hour workweek (by Tim Ferriss) has some great advice on cutting down on busy-work (email, etc.) and Boundaries by Henry Cloud (I have not read, but is highly recommended). Take care of yourself.
    Nathan Brooks Real Estate Investor from Kansas City, KS
    Replied about 1 year ago
    Hi Samantha – it does sound like you are having a tough time right now. Sounds like you might need to also think of how that time is being used, and if what you are doing make sense. It’s one thing to help people, and another to get taken advantage of. I hope you find some peace and stability as you are working to dream and set goals for what you want your life to look like.
    Nathan Brooks Real Estate Investor from Kansas City, KS
    Replied about 1 year ago
    Kathy – so well said. Thank you for sharing some love and encouragement. I couldn’t have said it better myself!
    Kathy Marshall from Buffalo, NY
    Replied about 1 year ago
    Nathan, thanks for the encouraging article.
    Nathan Brooks Real Estate Investor from Kansas City, KS
    Replied about 1 year ago
    Absolutely Kathy! I want to bring as much love, care, and help into the world as possible. Hope you have an awesome rest of the year, and blessings into the new one!
    Seth Rouch Specialist from Aurora, CO
    Replied about 1 year ago
    Nathan-Thanks for your articles. Your business model and simply how you conduct yourself is inspiring and you are one of the reasons I started investing In KCMO from Denver. Thank you sir! Keep doing what you do
    Nathan Brooks Real Estate Investor from Kansas City, KS
    Replied about 1 year ago
    Seth, thanks so much for saying this! Means a LOT sir. Love to hear more about your goals and how we can help you CRUSH IT! Have an awesome rest of your week … and I will keep after it. Driven to make 2019 the best ever, and help many more clients than we did this year.
    Cornelius Charles Investor from Oxnard, California
    Replied 12 months ago
    ” And once that goal is achieved or that part of the business is running, then move to another different or bigger goal” Thank you for that line Nathan. Since I still work a day job, I need to focus on one aspect of real estate with my limited amount of time other than 3 separate aspects. That way, I can make big strides in one area to help reach my goals instead of baby steps in each area.