Use the TRACK Method to Achieve Your Goals

by Ron on February 3, 2009

It’s still goal setting season, so I thought about what has helped me set goals in the past and came up with the following acronym for achieving goals.

T – Trackable

A goal that cannot be tracked and measured is just a pipe dream. Setting trackable goals will insure that you always know how much progress you’ve made. If you can’t measure and track your progress, you can’t manage your efforts in reaching it. Tracking implies a time relationship as well. Make sure your goal has a time limit to force yourself to hit it. In addition, by tracking your progress, you’ll be more likely to stick with it.

R – Reviewable

A goal should be revisited on a regular schedule. If you’re about to hit it, you MUST review and re-set anther goal as soon as possible. Research has shown that those who hit goals without setting new ones regularly fall backwards. That slope is a slippery one, too.

A – Achievable

A goal should be something that’s within your grasp. It does you no good to set a goal of being financially free within 6 months if you only make $40,000 per year when you’re $100,000 in debt. A goal must represent an objective toward which you’re both willing and able to work.

C – Concrete

A goal needs to be tangible. If your goal is to “feel more love,” or “make extra money,” what does that mean? Your goals must be concrete. They must be specific and they must something you can readily experience. Feelings aren’t measurable or trackable. They can change at the drop of a hat.

K – Kinetic

A goal should energize you to action and ignite the passion inside of you. If your goal fills you with dread, or if it doesn’t excite you, you’re working on the wrong goal. Goals should be exciting, something that is rewarding to achieve, and something that drives you to action.

Don’t be afraid to adjust. Things change. Circumstances change. When they do, don’t let a drive for “a foolish consistency” showcase your lack of flexibility. So, TRACK your goals to success!

{ 2 trackbacks }

Life Motivation, Living Below Your Means and A Simpler Life | My Super-Charged Life
February 9, 2009 at 2:02 AM
#014 — Links O’ The Week | MyMoneyMinute.com
February 14, 2009 at 12:45 PM

{ 3 comments }

Studenomics February 3, 2009 at 1:38 AM

This is a really great blog and I have seen it around before but today was really the first day I read the articles. I know this is a irrelevant comment but I just wanted to let you know that my favorite posts are the 6 ways to motivate yourself and 10 ways college made me rich. Keep up the great work.

Vik Dulat February 3, 2009 at 2:38 AM

Great use of the TRACK. I like C the best. You have to specify your goal and have it broken down step by step.

Daniel Massicotte February 9, 2009 at 10:40 AM

Wow. This is original? It’s brilliant! Especially the last part.

Admin 's reply:

Yep, you heard it here first. :D

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