Comments on: How Do You Make Sure You Stick to Your Goals? http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: squawkfox http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/comment-page-1/#comment-7065 squawkfox Fri, 15 Feb 2008 05:34:23 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/#comment-7065 Nancy: The initial setup of Quicken is where the majority of my time was spent. I've been tracking in Quicken now for 2 years, and find I only spend about 20 minutes a week entering my bill and receipt information. In my situation, I usually buy and earn within the same categories...which makes entering repetitive tasks really simple. Nancy: The initial setup of Quicken is where the majority of my time was spent. I’ve been tracking in Quicken now for 2 years, and find I only spend about 20 minutes a week entering my bill and receipt information. In my situation, I usually buy and earn within the same categories…which makes entering repetitive tasks really simple.

]]> By: Riscario Insider http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/comment-page-1/#comment-6246 Riscario Insider Wed, 30 Jan 2008 22:42:18 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/#comment-6246 What matters gets measured. What's measured gets done. I have (not to be confused with "<i>use</i>") a Seven Habits planning system. Each week, you identify goals for your key roles. The rest of the week fits in around these goals. For example: role=father, goal=help with science project on Saturday. The planning system is paper-based but my calendar is electronic (Blackberry and Outlook). So I don't look at the goals daily. Excuses are so easy to find. What matters gets measured.
What’s measured gets done.

I have (not to be confused with “use“) a Seven Habits planning system. Each week, you identify goals for your key roles. The rest of the week fits in around these goals. For example: role=father, goal=help with science project on Saturday.

The planning system is paper-based but my calendar is electronic (Blackberry and Outlook). So I don’t look at the goals daily. Excuses are so easy to find.

]]> By: Nancy (aka money coach) http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/comment-page-1/#comment-6147 Nancy (aka money coach) Tue, 29 Jan 2008 01:13:18 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/#comment-6147 @Squawkfox - if you're willing, I'm interested in knowing how much time you spend tracking, using quicken. I always tell my clients it will take no more than 15 minutes a day. Does that ring true for you? @Squawkfox – if you’re willing, I’m interested in knowing how much time you spend tracking, using quicken. I always tell my clients it will take no more than 15 minutes a day. Does that ring true for you?

]]> By: admin http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/comment-page-1/#comment-6139 admin Mon, 28 Jan 2008 22:48:18 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/#comment-6139 Squawkfox- you hit the nail on the head. The media is about short-term and report on exceptions rather than the rule. Goal setting should be long term. Squawkfox- you hit the nail on the head. The media is about short-term and report on exceptions rather than the rule. Goal setting should be long term.

]]> By: squawkfox http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/comment-page-1/#comment-6104 squawkfox Mon, 28 Jan 2008 14:57:31 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/#comment-6104 I find ignoring the news helps me to focus on my goals. If its news, its noise! I also track my money using tools like Quicken. Tracking saving and spending really keeps me focused. I find ignoring the news helps me to focus on my goals.
If its news, its noise!
I also track my money using tools like Quicken.
Tracking saving and spending really keeps me focused.

]]> By: Silicon Prairie http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/comment-page-1/#comment-6082 Silicon Prairie Mon, 28 Jan 2008 11:44:33 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/#comment-6082 I agree with the part about starting a blog :) I'll have my first goal update post this week - it's inspired by the other blogs that do this but I don't really have a net worth worth tracking yet so it will be about other things. Then again, I could set a blogging record by showing my net worth tripling this year. I'm not entirely sure how the markets will fit in to my goals. It seems good to have a target for how much your net worth will increases each year, but if a lot of it is tied to stocks you could see short-term drops. The best long-term mutual funds typically accept a few down years here and there knowing that over a longer period their returns will be better than the market (which does pretty well itself). You could set other goals that you have more control over such as income, but those don't track why you're really doing it... I guess for some goals you just need to take calculated and possibly diversified risks. I agree with the part about starting a blog :) I’ll have my first goal update post this week – it’s inspired by the other blogs that do this but I don’t really have a net worth worth tracking yet so it will be about other things. Then again, I could set a blogging record by showing my net worth tripling this year.

I’m not entirely sure how the markets will fit in to my goals. It seems good to have a target for how much your net worth will increases each year, but if a lot of it is tied to stocks you could see short-term drops. The best long-term mutual funds typically accept a few down years here and there knowing that over a longer period their returns will be better than the market (which does pretty well itself).

You could set other goals that you have more control over such as income, but those don’t track why you’re really doing it… I guess for some goals you just need to take calculated and possibly diversified risks.

]]> By: Nancy (aka money coach) http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/comment-page-1/#comment-6071 Nancy (aka money coach) Mon, 28 Jan 2008 10:35:35 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/28/how-do-you-make-sure-you-stick-to-your-goals/#comment-6071 Tx for the mention, and I completely agree re: tracking. Without exception, whenever my clients set clear goals, including the price tag, then track where they are spending their money, they always (!) have 'aha' moments, and can tweak some of their habits (previously not clearly understood in terms of their impact) to protect the larger goals. Tx for the mention, and I completely agree re: tracking. Without exception, whenever my clients set clear goals, including the price tag, then track where they are spending their money, they always (!) have ‘aha’ moments, and can tweak some of their habits (previously not clearly understood in terms of their impact) to protect the larger goals.

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