Do you realize that you are an investor?
Now I know your first though might be “hey, I don’t own an stocks or share”, but I beg to differ, because you do. You may not have stock and share in a publicly traded company, but you do have an invested interested in private firms called 1. Your Life, 2. Your Family, & 3. Your Dreams & Goals.
If you sit and chat with in major investor, I can guarantee that parts of the conversation will entail one specific word…sacrifices. We all have dreams and goals in our lives. That’s what keeps us going. Many of our goals entail sacrifices in order to achieve them. It is important that you learn to identify whether those sacrifices or investments are warranted in the achievement of your goals.
The first question we ask ourselves when setting goals is: What do I really want? The answer produces a list of things. Some are tame and some are farfetched. Yet and still, many millionaires and athletes today were once told their dreams were too lofty to attain.
But, what people don’t see is the behind the scenes struggles that people who have achieved a lot have faced. Let’s focus on the athlete for a moment. Gold medal gymnasts, in their rise to the top, have made sacrifices. Their families have invested in their future and the ability of these athletes to achieve their goals.
This sacrifice may involve relocating the family to be closer to world famous gym coaches. In the event a family can’t move, just the gymnast moves to be with the coach and train. This involves great expenses but also heartache on the part of the family as they watch their young child leave the nest well before they normally would have.
What sacrifices are you prepared to make to achieve your goals? The way to answer that question involves mapping out a plan for the goals you have written down. Yes, it’s important to write them down or they will be just like the morning fog on the lake – disappearing into nothing. The goal or dream may never be fulfilled.
Mapping your goals means writing down the steps it will take from inception to completion. If the goal requires money, one step will be finding capital. Depending on your current options, this may not be an easy step. If a step of the goal is laying out a large amount of cash, that could mean going without certain extras until the goal is achieved. This is an investment.
Then, there is your mindset. What one person views as an investment, another will view as a sacrifice. The deciding factor is you and the importance of that goal in your life. If the goal is worth pursuing, that sacrifice is an investment in the future and well worth the time, money, and effort.
After looking at the plan you have mapped out for your goal, you may decide it is too much to handle. If that’s the case, it’s alright. It is better to know before you get started than after you are knee deep into the project.
The process of identifying sacrifices and investments is extremely important. These two things are the cornerstone of goals, resolutions and many other areas of life. Without them the outcome of your goals may never reach their full capacity. With them, you’re armed and ready for whatever may come your way and have a more probable chance of reaching those objectives.