Friday, April 11, 2008

Phase 1 Goals

There are a million opportunities out there to choose from so where should we start? I have begun with what I call the Phase 1 goals. I have 5 basic wants right now. You'll notice that these are spread across 5 major dimensions of a human being - physical, financial, mental, social/emotional and spiritual.

1. I want to be my ideal weight.
2. I want to be debt-free.
3. I want to have more skills for my career.
4. I want to have great relationships with my family.
5. I want to be a more spiritual person.

These are certainly not my ultimate goals in life but they are a rung on the ladder to my ultimate vision. There are many phases (progressions) of goals in each area until I reach my vision. The first physical phase is to be my ideal weight. I am working on this with dieting and basic exercise.

Phase 2 of this goal might be to be athletic by stepping up my exercise routine with weight training and more strenuous cardiovascular exercise as well as eating better quality foods.

Phase 3 of this goal would be to complete the P90X training program and have eight pack abs.

My financial goals would follow a similar pattern. Phase 1 is to be debt free. Phase 2 is to start replacing my job income with income from other sources such as investments, businesses and real estate. Phase 3 is building my wealth to a point where it pretty much takes care of itself and I am free to do what I want like engage in philanthropy.

As we graduate up to the next phase in each area of our life, we will begin to see new opportunities on the horizon. These will be things we couldn't have done at earlier phases. Imagine being at Phase 10 in your financial life. The dreams of phase 1 and 2 probably would seem ridiculously simple at that point even though they were tough and serious goals back then.

This post is basically talking about baby steps again, using progression for each area of your life until you've reached the goals in your vision. Of course, by then you'll see new goals up ahead that look even better.

1 comment:

craigcastree said...

I hear what you are saying about increasing you wealth as i was on the same path as you I heard about this term (passive income!) I thought that was just hype until I was introduced to a part time business venture that cost me next to nothing to get into. It is now not far away from earning me the same amount that my full time income does. You might want to have a look at it or not..?