I know you’re feeling the pressure to make big things happen, because let’s face it, you’re an overachiever. Guuuurl, I feel you, so am I.  In my mind, I’m going to spend all this time creating an elaborate, foolproof, game changing business plan that I can actually follow.  It’s almost as if I could make all my wildest business dreams come true.

Then reality sets in, and I have to reel myself back.  How can I possibly do all the things, all at once, while maintaining all the things I’ve already built?!  It’s just actually not humanly possible with my current resources.  But that doesn’t mean that it’s not possible later.

So as I face anxiety and feeling like a failure because I can’t have this hugely impactful and fulfilling business tomorrow, I remind myself that Rome wasn’t built in a day and I just have to get 1 step closer to that.

This is where the financial goal setting comes in to play.  Financial goals are really just the money part of life and business goals.  I set financial goals so that I can understand the resources (time, money) that I will need to make my big picture dreams come true.  Once I know how much money I need to make, I can create a strategy in my business that is aligned with my ideal life and start to take action to make this thing happen.




      1. Get in the Right Mindset

Block out those limiting beliefs that tell you that you can’t have or don’t deserve what you want.  Don’t let yourself say that your goals aren’t possible because you could never make enough money.  Any negative self talk going on in your mind, shut it down for this exercise, no matter how uncomfortable that may make you. Think abundantly.

I would recommend doing a core values exercise if you never have, so that you can figure out what you value most in life and what is truly most important.

Let’s think big picture.  20 years and beyond.  What does your business look like?  Your life, your family?  What are you doing and who are you with? Write down your visions.

Do this for 10 years, 5 years, and 1 year.  Write down any goals, visions, dreams.  Remember, if your mind is trying to tell you anything negative about the dreamy visions you’re having, keep it quiet and dream big.

Just because you envision something, does not make you obligated to that thing.  Financial goals change all the time, very much like life and business.  They’re flexible and open to change and can go away at any time.


      2. Turn your Life Goals into Financial Goals.

Now that you have written down all your lovely life visions and dreams, I want you to turn your life goals into financial goals.

A financial goal has two components – a dollar amount and a time frame.

The dollar amount is how much money you need to make that goal happen.

The timeframe is when you’d ideally like to accomplish your goal.

Don’t overthink this.  I know it can be hard to find a dollar amount for something like – “achieve financial independence by 55.”  If you google “retirement calculator” or “cost of college calculator,” you can find some tools to at least get you started with a rough estimate.  Consulting a financial professional is always helpful for some of your bigger goals.

The point is to just get something down on paper.  Remember – you will come back to this and tweak it as you go along.


      3. Create S.M.A.R.T Financial Goals

Okay, so you have some ideas on the financial (aka life) goals that are most important to you and aligned with your values.  Now I want you to take a step back and think about a smaller period of time.  You can do this for the year, quarter, month, or even week.

Start on a scale that seems manageable – I don’t want you to get overwhelmed planning financial projects for the year and then do nothing.  I’d rather you think of a SMART financial goal for the week, accomplish it, and then set a new one.

Some examples:
-Make $x this year.
-Improve my relationship with money.
-Have financial systems and processes in place.
Now let’s make these goals SMART financial goals:
S – specific: where will your goal take you?
M – measurable: “what amount” of something do you want?
A – actionable: what steps do you need to take?
R – realistic: do you/will you have the time and resources?
T – timely: get clear on when this will get accomplished.

Here are the examples revised:
-Make $X by the end of the year by selling X amount of programs each month.
-Identify my limiting beliefs by writing down negative money thoughts I have over the next month.
-Set up QuickBooks to track my business income and expenses.


      4. Set 1 small, manageable, action step for THIS WEEK

Based on the SMART goals you set, pick 1 small thing you can do to progress or accomplish your goal this week.

I don’t care if it’s 5, 10, 15 minutes or 1 hour that you spend on your finances this week.  As long as it’s something.  If you’re new to this, start small.  Don’t put pressure on yourself to start making these massive accomplishments in your finances right away.

As you get used to regular financial self care, you will be able to do things like outsource, delegate, get more done faster, look at the numbers and feel good, have resources you can use.  Things get easier and you get smarter with your money.  And yes, 5 minutes a week can be a great way to start.


      5. Do the damn thang

TAKE ACTION on the thing you said you wanted to do, or put it in your calendar for a day later on this week.

I would recommend setting aside time each week on the same day in your calendar.  It’s a regular meeting with yourself (as the CFO of your business).  You can make it the same time, too!

I do #FinancialSelfCareFriday so every Friday I’m doing at least 1 financial action item.

If you’re feeling stuck schedule a coffee and money chat with me, fo’ free, and let’s talk this through –> I need help!!