A few years ago, I learned a simple yet powerful habit that helped me achieve many of my financial goals: setting a clear intention at the start of the year about how much money I wanted to earn.
According to studies often cited by personal development experts, including Tony Robbins, when you write down your goals, you’re significantly more likely to achieve them—some say by as much as 42%! Crazy, right?
In my experience, this habit works wonders. Every year I’ve committed to it, I’ve hit my goals. And guess what happened in the years I didn’t do it? Yep, I missed them. So, here’s exactly what I do to turn my dreams into actionable goals:
1. Write Down Everything You Want to Achieve This Year
Start by listing all the things you’d love to do in the next 12 months. Don’t hold back—this is your chance to dream big!
For example:
Travel to Thailand for a two-week holiday
Start a master’s degree
Move to a new apartment
The more detailed and specific, the better. Let your imagination flow and write it all down.
2. Assign a Financial Value to Each Goal
Next, give a realistic financial cost to each of your goals and calculate the total amount you’ll need for the year. Here’s an example:
Thailand: £3,000
Master’s degree: £25,000
New apartment (additional rent for the year): £2,500
Regular monthly expenses: £2,000 x 12 = £24,000
Total for the year: £54,500
Now you know the exact amount you need to fund the life you want.
3. Calculate What Your Business Needs to Earn
If your business operates at a 30% profit margin, you’ll need to generate enough revenue to cover your total personal goal.
Here’s how to calculate it:
Divide your personal goal by your profit margin:
£54,500 ÷ 0.30 = £181,667
So, your business needs to earn at least £181,667 in revenue this year to achieve your personal financial goals.
Now break it down further:
Monthly sales target: £181,667 ÷ 12 = £15,139
This is the minimum monthly revenue you need to hit your goals. But don’t stop there—this number is just the starting point. You’re capable of earning much more!
4. Align Your Strategy with Your Goals
Now that you know your numbers, it’s time to create a strategy for your business. The beauty of this process is that every sale you make is directly tied to something you love and care about—whether it’s that trip to Thailand, your education, or your dream home.
Understanding this connection will fuel your motivation. You’re not just working for numbers; you’re building the life you want.
Ready to Develop Your Strategy?
If you’d like help aligning your business goals with your personal dreams, send me a message! Let’s turn your intentions into a strategy that works.
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