When it comes to Goal setting think of setting goals like an athlete. Let us take the case of a runner…he could set goals for a Personal Best, a meet record, a meet win, running the whole season without injury, managing health and weight within some parameters….this helps.
Let us say the meet record of a Marathon in India is at 2:00:10 – and you set a target of winning the marathon – you do 2:00:09 but you are ranked 4th…..
If you had set a goal of WINNING the marathon, yes you would be disappointed at the result! However if you had set multiple goals like winning the marathon, achieving a personal best, doing sub 2:00:10, running injury free for the whole season, etc. you would not be so disappointed!
Similarly in your financial goals too you could keep multiple goals – this reduces disappointment, helps you focus on multiple targets, …etc.
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