Got Money Goals + Life Goals? Use this Strategy to Catapult Your Results.
I love to take our 19-month old for walks.
Actually, it started when he was about two weeks old. I had just come out of the hospital recovering from a birth experience gone horribly wrong, which had resulted in a readmittance + 6 days away from my newborn and husband.
It was traumatic, painful, and something I've had to come to grips with over the last 19 months.
One day after being released from the second hospital round, I was walking hunched over from the C-Section and weakness of it all. But 18 days after? I decided that I needed to strap my newborn into our new stroller and walk him the entire path of my old running route.
That was 2 miles. *Gulp*.
And I did it. It made me feel strong. It made me feel hope that I would physically recover, and mentally be able to put the past two weeks behind me.
Our Wounded Warrior Walks Catapulted My Results
After questioning to myself whether I would ever get out of the hospital (8 days in), it showed me the resilience of the human body, and more importantly, the resilience of the human spirit. Mine had faltered greatly, and even though I'd like to say it was cured after that initial 2 mile-walk, I can at least say it was shown the path for how to eventually get there.
My husband, who served in the Navy for 7 years, wanted us to contribute to Wounded Warriors Project. We put it on the back burner, especially after all the unexpected hospital bills.
But then I realized that through the app Charity Miles, each time I logged a run (which meant I just had to open the app on my phone and the GPS would track how far I went, plus give credit), a donation would be made to Wounded Warriors Project.
You can bet this upped my walks big-time. Because far greater than the purpose of healing my own body, and getting my own self into shape, was donating to a cause at the same time.
That's when I realized what a powerful thing it is to attach something bigger than yourself onto any goal − money or otherwise − to catapult your results.
Ways to Make Your Money Goals Bigger than Yourself
If you want to catapult your own money goals + life goals + even those small day-to-day goals you're trying to improve upon, then make it about something bigger than yourself.
Here are some ways for you to do this:
- Put a Charitable Contribution on the Line: You can choose a charity like we did, and associate any progress you make towards the goal with helping this charity out. For example, use an app that will donate to the charity when you complete certain milestones. Or tack on a matching charitable contribution for when you reach your money goal yourself (i.e., you'll donate $200 to the charity that runs deep in your heart once you pay off Credit Card #1, or once you reach your target savings goal to go on vacation).
- Bring in the Whole Family On It: Make your goal bigger than itself by involving your whole family in it. Instead of just you trying to save $XXXX amount of dollars for something, or trying to keep yourself pumped up about paying off two credit cards by December, let your spouse and/or kids get pumped up with you.
- Write Out What Your Life Looks Like Post-Goal: Once you reach that money promised land post-goal, what is your life going to look like? What is the life of your loved ones going to look like? Write this down. This can cement the bigger vision in your head, which will give you something to focus on when the going gets tough and you'd rather get the kids in the car and go through Starbucks drive-thru for the 3rd time this week (..that might just be me talking now).
What is an Example of a Financial Goal – List of Financial Goals
Maybe you don't have a financial goal right now, and you're looking for a list of financial goals to kick-start your own.
You're in the right place!
Here are some cool financial goals for you to work towards (each of which, will set you up for a better financial future):
- Pay for your annual vacation week in cash
- Maximize your IRA contributions this year ($5,500/person)
- Pay for your child's tuition at a school/daycare/preschool you want them to attend
- Pay off one of your debts, entirely
- Pay off your entire mortgage before retirement
- Keep a buffer in checking so that you can stop juggling between paychecks
- Get out of student loan debt before your child starts school
- Fund your emergency fund to $3,000
- Fund your emergency fund to $6,000
- Fund your emergency fund to $10,000
- Save up enough money so that you can live for one year from it, if need be
- Start investing
- Sign up for your employer's 401(k) and contribute enough to get maximum matching contribution from them
- Pay off your credit card, and use it only for emergencies from here on out
- Come up with a retirement plan
- Find an extra $150/month by cutting out expenses
- Get a raise
- Meet a financial incentive from your employer's health insurance wellness program
- Donate a percentage of income to a charity you're passionate about, on autopilot
- Tithe 10% of your income
- Save up for a lush, 10-year anniversary trip to Italy
- Start a 529 plan for your child's education
I'm so grateful that I stumbled into learning this life lesson, and wanted to pass it along to you in case your own money goals need a little wind under their sails. Making your money goal bigger than itself, bigger than you, is going to catapult your results. Not only that, but the sweetness of your progress grow exponentially when there are bigger things at stake.