In my post last week, I wrote my 2016 year-end summary. At the end of the post, I touched on why goal setting is important. I’ve read quite a few articles over the last week from different bloggers regarding goal setting, and most bloggers argue that people only achieve 8-20% of their goals. That was shocking to me!

I figured people who actually took the time to set goals would be able to achieve at least half of the goals they set?? This made me think: is there a simple process people can follow to help them achieve their goals?

In my post today, I will:

  • Share five goal setting tips that I follow
  • I will share my 2017 goals for The Grounded Engineer blog
  • Finally, I will close out this post by sharing a few financial goals my family set for 2017

Five goal setting tips to help you achieve your goals:

Goal setting has been instrumental to success I’ve had in my career. Each year, I set goals, goals that I know will be difficult to achieve. Here are the five goal setting tips I use:

  1. Write down your goals
  2. Create a plan for how you will achieve your goals – ask yourself: what will success look like if I achieve this goal?
  3. Track your progress at least monthly
  4. To help with your goal setting, use the acronym: SMART
    • Specific – What is your goal? Is it specific enough or is it too broad? What does success look like if you achieve your goal?
    • Measurable – How can you measure your progress and how often will you check in?
    • Attainable – Can your goal be achieved?
    • Realistic – Is the goal realistic?
    • Time – What’s your time frame for reaching your goal?
  5.  Review your goals at the end of the year before setting next years goals

My 2017 Goals for the blog

Below are the goals I set for The Grounded Engineer blog for 2017. To achieve these goals, I am holding myself accountable by publishing them on my site AND reviewing them in a post each month to monitor progress.

  1. Provide value to my readers by sharing information they can use to either: get out of debt, take better control of their finances, and/or start investing.
  2. Write one new post each week.
  3. Reach 20k monthly pageviews
  4. Grow email subscriber list to 500 people
  5. Grow Twitter follower list to 10k followers
  6. Spend at least 15 minutes each week on marketing
  7.  Read one book each month relating to personal finance – currently, I am reading two books:
    1. Building Wealth One House at a Time: Making it Big on Little Deals
    2. How to Pay Zero Taxes, 2017: Your Guide to Every Tax Break the IRS Allows

Financial goals for 2017

In January, we will be fine-tuning our budget because of a few life-changing events – a new addition to our family at the end of September and we are moving into a new house in January. We adjusted our budget that we keep, but we are still working through what the total cost of having a child is and what the new total cost of our house (utilities, house maintenance, etc.) will be.

I hope to have at least two or three more concrete goals starting in mid-February to add to our goal setting list.

  1. Our top priority is to begin savings into our daughter’s college fund. We have a target of $80k and by saving almost $3k/year we can achieve that:
  2. Just to be safe, we are going to pad our emergency fund a little more because my wife is staying home with our daughter. We need to add about $5k more to have a solid 6 months worth of expenses.
  3. Max out my 401(k) and Health Savings Account (read about HSA benefits here).
  4. Continue contributions into our Roth IRA, with a stretch goal to max out each one (my wife’s and mine).
  5. Make at least two extra house payments.
  6. Begin saving for a new car – $7k target savings goal.

What are your goals for 2017?

How do you go about achieving your goals?