Rich Dad Education Blog

Question: Do you have any suggestions on how I might set more effective goals?

Answer:

There are two parts to goal setting: the cause, and the effect. Most people make the mistake of spending 90 percent of their effort on the effect and only 10 percent on the cause. T o be successful we need to reverse that formula when we write our goals.

For example, instead of writing “I want to lose 20 pounds,” which is the effect, write “I will walk 30 minutes each day; I will eat five servings of fruits and vegetables each day; I will only eat dessert one day per week.” By focusing our efforts on the exercise and nutrition (the cause), the weight loss of 20 pounds (the effect) will take care of itself. The same can be applied to real estate investing.

I may have a goal of making $5,000 this month. An effective goal will look like this: “I will make 25 written offers on properties each week. I will pass out 15 business cards each day. I will talk to 5 banks this week.” If I do those things, the $5,000 will take care of itself.