Goals & Focus

Posted by Fadzuli

May 2, 2008

During the Cash Flow workshop yesterday, I manage to help a few people to understand the power of setting a goal. From an investment of $1,000, I managed to help them to get $30,000. This is based on paper money. What’s more important that I wish to stress is the principles behind GOAL SETTING.

So what did I exactly do..

During the Cash Flow Game, I observe that the participants were not taking too much risks. Its their first time playing thus I did expect the behaviour. So I came to this guy ( Sorry I can’t remember his name ) to ask him, “This share cost $10 and it has the potential of making $40 per share, if you were to invest how much money would you want to make?”. He answered, “I want to make as much money as possible”.

Do you know what’s wrong with the answer? Well it is not a wrong answer but the answer will not get you anywhere because you don’t have a real target. Telling yourself that you want as much money as possible will not manifest any results because you dont have specific targets. So you need to create real goals such as I want to make $10,000 from this investment.

By saying that alone, he understood the process first. He understood that its possible to achieve that $10,000 based on my explanations about shares. When you know what you want and understand how to get it, you will be more confident in achieving that figure. After a few throws of the dice and cards open, he did made the $10,000.

The same thing happen to the lady sitting beside this guy. She was offered shares at $1 and I told her to buy more shares. So she bought 1000 shares worth $1 each. The price of the shares went up to $30 and that alone got her $30,000 after a few rounds. She too understood the process.

When you understand how to get there and have a goal precisely set, you will work towards it and achieve it someday.

I made tons of mistakes in the past. I had targeted to hit my First Million Mark in March on the 26th Birthday but it never came true. Why? I saw those numbers but the problem is I do not know how to get there yet. That was why I was not churning the exact results that I need to achieve.

Now i had to realign my goals. Now I’ve set my goals to hit $10,000 of personal income by July 2008. I believe this is more realistic and achievable and I know how to get there. So that’s about $5,000 per month for May and June.

This can be applied to anything. Know what you want and understand the process to achieve it.