Dan Masters is a published author and Life Coach in Los Angeles, California. He is a featured writer in the Cup of Life Newsletter(www.cupoflifenewsletter.com)which can help you 'Create Your Best Life'. The Cup of Life Newsletter is a free email publication focusing on your wealth and happiness. Dan Masters also develops personal growth products for ForeverLearn.com .
“My dream is to be independently wealthy.”
“I’m going to find the man of my dreams.”
“My dream car is a Lexus ES-300.”
“I visited Newport Beach and saw my dream house!”
How many times have you heard similar statements from friends? And maybe you’ve even voiced a few wonderful ‘dreams’ yourself. (I know I have!) It’s great to have dreams!
According to millionaire author, Michael Masterson, any dream can become a goal if it meets the following criteria:
It must be Specific: Being independently wealthy is a dream. Developing a $3 million net worth in 5 years is a goal.
It must be Actionable: Winning the lottery is a dream. Building a successful business is a goal.
It must be Time-Oriented: “I’m going to be rich someday” is a dream. “I’m going to develop a $3 million net worth in five years is a goal.
It must be Realistic: Developing a $3 million net worth in five years is reasonable (with a great action plan). Developing a $3 million net worth in 3 months is not. Although winning the lottery is possible, it is not at all realistic. (Statistically, your odds of being struck by lightening are greater than your chance of winning the lottery.)
Dreaming feels good – and there’s absolutely nothing wrong with dreaming. But if you’d like to ‘live your dream’ it MUST be turned into a goal. Without goals, dreams seldom become reality.
A Harvard Business School study followed the financial status of a group of students 10 years after their graduation and found that:
- As many as 27 percent needed financial assistance.
- 60 percent were living paycheck to paycheck.
- Only 10 percent were living comfortably.
- A mere 3 percent of them were financially independent.
The study also found these interesting goal setting correlations:
- The 27 percent that needed financial assistance never set goals for themselves.
- The 10 percent that were living comfortably only had general goals.
- The 3 percent that were financially independent had not only written out their goals – they also outlined and followed the steps required to reach those goals.
Even with a Harvard Business School degree, 97% were not wealthy. The critical difference was goal setting. To learn more about this click here http://www.abundance-of-wealth.cup-of-life.com/Wealth-Creation.html .
So hold on to your dreams! Dreams are a wonderful thing. But if you’d like to turn any of those dreams into reality, you must first turn the dream into a goal.
- Related Videos
- Related Articles
- Ask / Related Q&A
- Business Goal Setting Will Reveal Your Business' Full Potential
- Tips on Business Goal Setting
- Internet Home Business Goal Setting Tips
- Business Goal Setting and Then Following Through
- Work at Home Business: Goal Setting and Dmo
- Business Goal Setting & then following through
- Business Goal Setting & then following through...
- Business Goal Setting & then following through *
Setting Goals for the New Year
By: Clay Vincent | 28/12/2009With 2010 just around the corner, consider setting some goals for the new year. Here are just a few ideas.
Setting Your Goals - Easier Said, Easily Done
By: Shaun Samuel | 28/12/2009The basics of setting a goal is an open secret known by top-caliber athletes, successful businessmen and businesswomen and all types of achievers in all the different fields. The basics of setting goals give you short-term and long-term motivation and focus. They help you set focus on the acquisition of required knowledge and help you to plan and organize your resources and your time so that you can get the best out of your life.
Exchange New Year’s Resolutions for Achievable Goals and Reap the Rewards!
By: Krissy Jackson - Career Coach | 25/12/2009Answer the questions "How much is finally achieving my desired results worth to me?" "Will this investment mean I won't be making the same resolutions again a year from now?" Don't go it alone. Enlist the help of others. If necessary...
Life Without Goals
By: S.James Webb, D.D. | 23/12/2009How can you accomplish anything without goals? I’m not saying don’t purchase insurance. I’m not saying forget about an education. I’m not saying don’t make plans. What I’m saying is that while you do all that, be open to where life wants to take you. Allow life to show you what’s best for you in any given moment.
Goal Setting: Is There A Smarter Way To Do Things?
By: Mandy Swift | 22/12/2009One habit separates the top 5% of competitors who win in life from the other 95% who just play: Goal setting. No surprises there. That is common knowledge. But what about the 5% of us who DO set goals, yet are maybe finding we are not achieving those goals? Are there any missing pieces to the jigsaw puzzle? In this article we take the traditional SMART approach to goal setting and shake it up a little. Here's to Success - how do you like yours?
Cultivate self culture
By: HARISH KUMAR HITESHI | 22/12/2009Acceleration in right direction and practice will drive away your fears and phobia. You will automatically gain self confidence and abiding courage. Once you taste success in one field, it will prove transmitting effect. You will become bold in your own to venture out in other fields, other directions.
The Proven "Success Blueprint" for Life & Business
By: Patrick Daugherty | 22/12/2009We must first understand one major fact; we are born to use our talents to pursue our unique passions and live fulfilled. Anything else is actually a decision to exist and watch others truly live. No matter how the story of your life has read so far-it isn’t done. You have an opportunity everyday to write the next defining chapter.
Be Unreasonable – To Reach the Pinnacle of Success
By: Anirban Bhattacharya | 22/12/2009Being unreasonable and stubborn is the first step towards achieving something much higher and beyond the capacity of an average individual. Of course the challenges are more and the obstacles high, but the fruition is worth it. When you attempt to tread a path never traversed by anyone else in your circle, you must posses that extra zeal and caliber to cross it in strides.
6 Foods Every Woman Must Eat for Excellent Health and Vitality
By: Dan Masters | 02/10/2009 | NutritionNo need to worry about junking it every now and than when you are eating these super foods. According to the Harvard Medical School these foods are the foundation to sound health. Start indulging in these super foods to increase your health, vitality and radiance.
This Secret Process of Elimination Will Stop Overwhelm and Create More Happiness and Success
By: Dan Masters | 03/08/2009 | Self ImprovementYou can have more peace, happiness and clarity now. Becoming aware of this process of elimination will reduce stress and overwhelm so you are free to create the life you want
How to Quadruple Your Productivity to Increase Your Wealth and Success
By: Dan Masters | 01/08/2009 | Self ImprovementBeing more productive translates to more money in your pocket! Learn what successful people focus on to build and increase their wealth. Develop these habits now for more success.
Turn Your Car into a $174,000 Investment to Increase Your Wealth
By: Dan Masters | 28/07/2009 | Wealth BuildingCan your car put money in your pocket? With this change of mindset your car could be worth $174,000! Start investing for success in your future now!
A Modern Day Mummy Reveals the Secrets to Health, Vitality and Vitamin D
By: Dan Masters | 28/07/2009 | Supplements & VitaminsThis one activity will increase your energy and boost your immune system. She was covered head to toe, reminding me of a mummy. Even sunshine could not penetrate her many layers. Don't hide from increasing your health.
The Secret of the Fountain of Youth, Health, Energy and Vitality
By: Dan Masters | 16/07/2009 | WellnessDo you want maximum energy and vitality all day long? Develop the habit of drinking this great stuff every day. Learn the secret to the fountain of youth and wellness.
Are Dreams and Goals the Same Thing?
By: Dan Masters | 07/07/2009 | Goal SettingDo you dream of being wealthy? Or owning your dream house? Or having that dream relationship? Turn your dreams into reality by turning them into goals. Start living your dreams now!