I used to be over $100,000 in debt how did I get out of that mess and build an investment portfolio of close to six figures financial goal setting one year of serious focus and alignment can put you 10 years ahead in life if you could use a motivational kick in the ass plus some tips on how to set good financial goals and actually achieve them then keep watching what is up everyone I'm rose and welcome back to my channel the number one place for financial education empowerment and inspiration let's talk about setting financial goals the new year is just around the corner and we all know how important it is to have some goals goals that get you closer to the life that you truly want in this video I want to share with you four simple steps to set good financial goals and actually achieve them and I know it'll be encouraging for so many of you to hear about my own personal money journey but don't take my word for it all the tips and strategies I'm gonna share with you are backed by research and data as well so if you're excited to set some awesome financial goals and make 2020 your best year yet then give this video a like and let's jump right into it step one is to think big but start small a lot of us have big goals for ourselves especially if you're an overachiever ambitious but sometimes that gap between where you are now and where you want to be can be so big that it actually paralyzes you from taking action back when I started my personal finance journey I had $100,000 of student loans but I always knew just somewhere in my heart that I wanted to be a millionaire except whenever I thought about wanting to be a millionaire instead of motivating me to take action that that thought just left me super deflated and hopeless because it made me very conscious of how large that gap was and it really felt deflating like Here I am with a net worth of negative $100,000 and very little savings and assets to my name so I just didn't see a path to one day having a positive net worth of 1 million dollars so while that's a very honorable goal it wasn't very helpful or practical because the thing is humans are motivated by the belief that they can make progress progress motivates in a study done by Stanford researcher su Chi Huang they found that when you are just starting a pursuit feeling reassured that it's actually doable is important and achieving a sub goal increases that sense of attained ability so there's been a lot of psychology and behavioral research researchers that can back this up setting small goals motivates you to action and so that going back to my personal story one day I thought they're thinking that you know it's great to want to be a millionaire one day but actually it would feel amazing to just be at zero like to have no debt and to be at a zero net worth like forget 1 million dollars I was at negative 100,000 just being at zero would be amazing so rather than thinking about this huge ambitious financial goal to be a millionaire in the distant future I decided to just focus on that sub goal of getting to zero and it seems so much more achievable for me and I'm telling you everything changed from that moment on so I started chipping away at my debt just one thousand dollars at a time and every time that thousand dollar decimal place went down I just focused on the progress I was making and these moments of mini progress created this awesome snowball effect and it really motivated me to keep going it's almost like I got addicted to that feeling of making progress little by little so I just started paying off my debt with whatever extra money I could come up with and I really really cut down on spending and it literally just became a hobby of mine just whenever I had free time I would like log in and pay off some student loans here and there and I really thought twice about spending mindlessly on dinners out and other things I previously hadn't really been thinking about and I'm happy to say three years later my net worth finally crossed the zero mark so moral of the story is to think big but start small it's super cliche but a journey of a thousand miles really does begin with that single step and just because you start small doesn't mean you think small because now I've hit the zero mark now I can focus on the $100,000 mark and once I achieve that sub goal I can focus on the half-a-million dollar mark and then once I hit that then I can focus on the $1,000,000 mark which is my ultimate goal so see how that all works so for step one I want you to think about what starting small looks like for you right now just close your eyes and think about it for a second if it's something that will get you closer to your ultimate goal yet its ambitious enough to make you feel motivated but it's achievable enough to help you not feel deflated then you know you're on the right track so start small but think big and remember starting small does not mean you are thinking small step two is to activate your reticular activating system or your rest your rest is the part of your brain that tells you what to focus on as you know your brain is bombarded with billions of bits of data at any given moment like right now billions of bits of data so the wrasse is a survival mechanism that saves your brain from having to process all those billions of bits of data all the time because without the reticular activating system your your brain would short-circuit kind of like when you plug a 120 volt hair dryer into a 240 volt outlet that happened to me when I went to Korea and brought my blow-dryer from America and it just like so the rest is exactly that it protects your brain from short-circuiting because it gets overwhelmed with so much data even without you being consciously aware of it your reticular activating system is selectively noticing only what it thinks it's important so that's why you can pretty much be out on a busy street and tune out all the noise but when someone on the street calls out your name you instantly snap to it so that's your rest at work so going back to this whole goal-setting thing when you tell your reticular activating system what to focus on you know in other words you set a specific goal then all of a sudden you're gonna start noticing opportunities around you to help you meet that goal so the more specific your goal is the for example recently I set a goal to get a puppy in the next year and I got really specific I know I want a gray colored French Bulldog as soon as I did that I started noticing French bulldogs everywhere on the street in my building on my Instagram and pretty soon my neighbor who has a French Bulldog asks asked me to pet sit while she was away and so that's how the reticular activating system works when you tell your brain what you want it starts looking for ways to make that a part of your reality and it'll filter out everything that isn't in line with what you want so here's what I want you to do I want you to get super clear on your fi

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