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Do you fail at sticking to your financial goals year after year? Or just sticking to your goals in general? I know how that feels.
“The reason sports is so stimulating is because we keep score” from The 12 Week Year by Brian Moran & Michael Lennington.
Usain Bolt did not just concentrate on breaking world records. He recorded what he did along the way. He kept score.
Today I am going to share with you some lessons that I learned from one of my favourite books of last year. I heard many entrepreneurs raving about how good it was so I invested in the Kindle and the audio. I have read it once and listened to it twice.
It is primarily a book about productivity, but it gave some fundamental principles that relate to how you approach your money that I had to share with you. This is my interpretation from the point of view of a business person.
You will also hear
- Far from being demoralising, tracking money can be motivating if done right
- Why if you want to know how close to your financial goals you are, you must track cash
- Why you need to take the emotion out of managing finances as much as you can
- The areas of tracking that I am poor at and had to work to improve
- Lead Indicators and Lag Indicators, what they are and why you need them
- How fixating on an overall business or financial goal can keep you stuck
- Why you can fail even with a great plan
Disclaimer
This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.
[spp-tweet tweet=” Focussing only on an overall goal means you miss your incremental improvements “]
Shine the Light
This is part of the show where I shine the light on great people and resources that you may find inspirational or helpful.
You will not be surprised to know that today I recommend the The 12 Week Year Book. You can buy as a paperback, Kindle or audiobook.
It has had a great influence on how I approached my goals and that of my coaching & consulting clients over the last year or so.
There is also an official 12 Week Year website where you can buy training and coaching if you want to take things further. But not to do Brian Moran out of money, the book can take a long way on its own.
Show Links & Resources
Download your 5 Tools to Freedom
How to Rate & Review a Podcast in iTunes
http://serialpodcast.org/how-to-listen (This is brilliantly done)
