When property goal setting think S.M.A.R.T
Welcome to 2011! I hope you all had a great Christmas and new year.
We all seem to walk into the new year with a fresh approach to life and so many ‘New Year's resolutions'. Now this is just me but I don't make New Year's resolutions in my opinion they're a waste of time. Usually they're all about not doing something or a general idea of something you'd ‘like' to do.
That doesn't mean I don't set property goals though. I take property goal setting very seriously – in fact I set my 2011 property goals well before new years even hit. The difference between a New Year's resolution and new goals (other than that one is set with drink in hand whilst counting back from 10) is that goals are structured and defined and specific. A goal is useful tool for a property investor rather than a resolution with little thought into what this means for your property investment.
There's a nice little acronym that sums up how I feel goals should be set:
So don't just say what you are (or aren't) going to do. Get a pen and paper, set it out specifically if you can put a number to it, say when you're going to do it by. And always make sure the timing and numbers are realistic. Take your vision of what your want and then search for the property investment opportunities that will start to take you there.
I encourage you to throw your new years resolutions out the window and start setting some goals for what you want to achieve in 2011. Of course your property consultant will be on hand to help you achieve any of your property or financial goals – give them a call on +44 (0)207 923 6100.
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