2017 Goals and Plans

Before ending the year, I received a Viber message from my friend Rey. He was asking tips on how to plan for 2017. Like Rey, my main concern is that I have so many things on my mind and so many things I want to do. Creating plans makes me more focused and helps me achieve things faster and more efficiently. I thought I shared in my blog before how I plan things, but apparently, I can’t seem to find it. I may have thought I shared it, but ended up no writing it! haha! So you see how planning helps me! I miss and forget a lot of things.

goals-and-plans-2017

 

So my post for today is to share with you how we, as a couple, plan. You can try it out; it may or may not work for you. For us, we have been doing this for the past four years. It has been pretty helpful.

Vision Statement

The first thing that we do is we set a Vision Statement for 5 to 8 years ahead. Our chosen year is 2025. The vision statement that you create should be very specific. The one that we created as a couple revolved around living comfortably without having to worry about money. This is our vision statement:

For both of us to retire by age 45 and have passive income per month of at least Php 250,000 without any kind of debt.

We have also computed the amount of money that we need to have by that time to achieve that kind of passive income. Just to give you an idea, a pool of Php 14.5 Million can get you a passive income of Php 50,000 a month. With this, we need at least Php 72 Million worth of investments 9 years from now. Each of us need to earn Php 30+ Million (around Php 4 Million a year). Sounds huge, but we have to dream big, right? (Libreng mangarap!). My idol in this aspect is Pat Flynn of Smart Passive Income. If he can earn around $1000+ a month, I know I can, too!

Mission

Aside from the vision statement, we also created a family mission. Our mission is:

A family that will spread knowledge through various media to help people grow and achieve their goals in life.

The mission that you come up with should represent what kind of change you want to create in this world. Analyze what talents, tools, etc. that you can offer so that the world becomes a better place. This will be the legacy that you will leave behind.

Define Goals for every aspect of your Life

We split our goals into 7 categories. Here are the categories that we have for this year: Goals related to our Daughter, Spiritual, Financial, Fitness & Health, Career, Mental and Start-up Goals. Of course, for your own goals, you will have to change it, unless we have exactly the same life (Haha! But hey, who knows?!). For each of the category, we listed different goals. Some may contain only one goal, while other categories may contain several.

For each goal, place the corresponding cost/resource/how much would it entail for you to achieve that goal. This way, you will be able to get the total financial value to make your goals a reality for this year.

Once you have that figure, please read this post that I made just last December:

http://mommyginger.com/2016/12/5-tips-investing-money-childs-future.html

It will give you an idea on how I invest that money that I have or the money that I will need to set aside for the future.

I really hope that this helps you plan for 2017. If you want a copy of our template, just click on this link: https://docs.google.com/spreadsheets/d/1ttFczuGhM2dqDx3WVWlmj89fPJiW2weMrttmqI5JPO8/edit?usp=sharing

Please feel free to spread this and to share it with friends and family! Have an amazing start to 2017! Cheers!

 

On to the Next Goal… And the next…

I just finished answering a list of questions for an interview for an online magazine. One of the questions about my business got me thinking. The question was what are your short term goals and long term goals for Manila Workshops (my business)?

I’m a goal-oriented person. What that means is that my life’s purpose is based on achieving results. Shucks. That sounds so boring and not fun. Which lead me to think, is being goal-oriented a good thing? Or am I missing the real purpose of life by setting goals?

*Image from Death to the Stock

*Image from Death to the Stock

First of all, the reason why I set goals is because i’m the type of person who loves seeing getting things done. Placing a checkmark beside a task that I have accomplished gets my adrenaline moving. Ticking things off gets me inspired again to tick another one off my list. Setting goals is just something I do.

Second, achieving goals bring me closer to the destination I want faster. I just feel that going with the flow will be a waste of time (but that’s just me). I tried surrendering once to the will of the wind, but that didn’t work out quite well. I didn’t regret it though because i learned a lot of things about myself.

And lastly, setting goals prevents me from feeling lost. I’m a deep thinker and a flaw is that I think of things too much. You’ll realize that when you think of things too much, you tend to get lost. Personally, setting goals brings me back to my ‘here and now’. It gives me a clear direction on where to go, what to do and what to prioritize.

But what I need to introduce into my life is to enjoy the journey, too. My husband often tells me that it is about as much the journey as it is of the destination. Yes, we can all be happy and celebrate when we accomplish tasks. We need not mindlessly breeze through all of the tasks and hurriedly accomplish it all. We (I) need to savor every moment in this lifetime.

So before you go on to your next goal, let’s celebrate LIFE.

Momtrepreneur: Goal Setting

During the start of the year, it has always become a habit of mine to reflect and to contemplate. If there’s one thing that I like doing, I love contemplating, creating goals and thinking of ways on how to achieve them. I know that some of us do this, but some may also consider it very tedious and time consuming. I’d like to share how me and my husband do our goal planning or goal setting. We have done this since the time we got married in December 2009. I, personally, have done it since 2007.

Okay, for this year, we have already actually made our plans last December. We agree on a set schedule and we really sit on it. I have learned from a previous female boss that once you really block of something in your calendar, it helps you stick to this schedule. I know that their are things that may come in the way of the schedule that may delay and even cancel it, but all you need to do is reschedule. Both of you and even all your children should stick by this ‘agreed’ goal setting meeting.

Now that you have gathered everyone, ask each member of the family to share what they want for the themselves, the family and for other people in the future. To make it fun for the kids, they can cut out pictures from magazines or draw something that will answer all of these questions. This time of reflection will lead you to knowing your family’s vision/mission. Since right now, it’s just me and my husband, we discussed it and we found out our vision for our family. The vision of our family is to be “A family that will spread knowledge through various media to help people grow and achieve their goals in life.

We realized that both of us have this gift of spreading knowledge using our skills. EJ is a great presenter and communicator. In the future, he really wants to try it out as a motivational or attitudinal speaker. I am great at events coordination so my business, Manila Workshops, for me, will be the medium that I will use to help spread knowledge. Both of us are bloggers and this year, we intend to carry out this vision by writing more educational and informative articles that would be beneficial for our readers. So that’s our vision? Do you have your own family vision/mission already?

Momtrepreneur Goal Setting

Now going back to the goal setting activity, once you have your vision/mission, you now can create goals. What we do in our home is divide the goals into categories. In my list, we have divided our goals into seven sub-categories. These are:
– Goals related to the baby (since this is a major change in our lives in 2013)
– Spiritual Goals
– Financial Goals
– Fitness and Health Goals
– Career Goals
– Mental Goals
– New things and experiences

I also have columns on who will be the main driver of a particular goal. The driver will be the one encouraging the other family members to work on the goal. I also have another column for duration. I have a set deadline for each of the goal.

It really depends on you and your family on how you want to create the sub categories or even how to lay them out or how to document them. I use an excel spreadsheet, but for some families, they use manila paper. Others use a plain sheet of white paper. For us, it has been like this for the past 3 years. I still have the file from three years ago. What changed is that we just added the goals related to the baby this year 🙂

To cast this is stone, I print out the paper and have me and EJ sign the paper. We then do a monthly review of our goals just to see that we are on track.

How about you, mommy? What do you do to set goals for the year? Do you have any activity that you and your family go through for goal setting and planning? How do you do it? I’d love to hear how you do it at your home, momtrepreneur?

Love lots,

Mommy Ginger

Mommy Ginger