The Magic Power of Writing Down Your Goals

June 19, 2017

Can writing down your goals help you achieve them? For me, the answer is a definitive “yes.” I’m a prodigious maker of “to do” lists, “to be” lists and “to experience” lists. When I was single, I even made a list of what kind of a person I’d like for a spouse, so I’d recognize him when I met him. (I did!) For me, that process of setting intentions and figuring out how I’ll measure my success has been completely transformative, especially when it comes to a recent discovery in an old notebook.

You can predict your future by writing it down

Last week I was cleaning old files in my office and I discovered a list I’d made in a composition book from late 2000 titled, “Characteristics of My Dream Job.” I wrote it during a particularly difficult time in my career: the stock market tech bubble had burst, and the fee-based income I’d built in my new financial planning practice over the prior three years of a bull market fell by more than 50 percent. I needed a Plan B in case I couldn’t make it through a bear market financially.

The list

When I read the list (pictured below) I was floored. It’s as if seventeen years ago, I conjured up my role as a CERTIFIED FINANCIAL PLANNER™ at Financial Finesse delivering life-changing workplace financial wellness programs.

dream-job
DREAM JOB LIST: I was floored to read over this list I made 17 years ago, describing exactly what I’m doing today.

My kids tell me all the time they can’t read my handwriting, so I’ll give you the highlights: motivation and encouragement of others, relevant/meaningful/influential in people’s lives, teaching, public speaking, writing instructional materials and articles, flexibility in schedule to meet future childcare needs, deadlines, cheerful/can do environment, fast-paced with lots of formal and informal opportunities to learn. Wow.

Fast forward 14 years

As it turned out, I weathered the bear market and went on to build a successful team practice, eventually leaving after 8 ½ years to move with my family for my husband’s international job. Even though I had forgotten about the Dream Job list until the other day, my intentions were working behind the scenes. That’s why I had an immediate “that’s my tribe” reaction when I came across the Financial Finesse website in 2014. And that’s why it was so easy to choose to work here, instead of accepting offers for a wealth management position.

Writing down our goals is our company’s secret sauce

At Financial Finesse, we also like to write down our goals and intentions. That’s one of the things I absolutely love about working here. It’s also why I believe we’ve been able to have such outsized impact on the country by launching an entirely new industry, workplace financial wellness, which helps millions of American workers become more financially secure.

How we do it

We call them “MBOs” – Management by Objectives, and we all set them individually, by team as well as company-wide for each quarter, in addition to company-wide over the long term. We’re strategic about it – this isn’t just a list of things to do. Rather, the MBO process aligns employees’ actions and team goals with the broader objectives of the company and our social mission.

Employees draft their own MBOs based on company and team goals, propose how success will be measured, then receive direct, personal feedback from our CEO and the management team to let us know if they’re on target. At the close of each quarter, each employee – including our CEO and management team — reviews their MBOs and gets scored based on how well they have achieved them. It works – when I think of what we’ve accomplished as a small-sized company, I’m amazed, but I also know that a huge part of it is that we are mindful of our goals — we keep our eyes on the prize.

Try this goal-setting exercise

Have you been struggling with getting somewhere in your career or financial life? Consider accepting the idea that you become what you believe (or at least borrow it for use).  Find some quiet time, grab a notebook and pen and answer these questions:

  • If everything worked out exactly the way I wanted it to in my life/career/finances, what would that look like?
  • How will I know when I’ve been successful?

Post them where you can see them, or set regular times to review them. Then maybe you won’t have to wait 17 years to figure out you’ve already achieved them!

If you’re willing to share your goals exercise, tweet a picture of your goals to me @cynthiameyer_FF with the hashtag #PowerOfGoals or email me at [email protected].

Here at Financial Finesse, we believe strongly in the importance of workplace culture and the power of doing well by doing good. This article is the first in our week-long series of posts where we highlight a specific part of our company culture that helps to make Financial Finesse one of America’s best places to work. This is just one part of our celebration of recent recognition by Inc., who listed us as one of the Best Workplaces in 2017 and Entrepreneur, who named us to the Small-Sized Companies: The Best Company Cultures in 2017 list.

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How To Turn That Resolution Into Reality

January 05, 2016

I was talking to a group of girlfriends over an amazing cup of hot chocolate with melted chocolate on the bottom and toasted marshmallows on top. For a chocoholic like me, this was heaven. I will admit I focused more on the chocolate than the conversation, but after a few minutes, my financial planning ears perked up. My friends were talking about their top New Year’s resolutions, which was the same for all of them- to get out of debt. Continue reading “How To Turn That Resolution Into Reality”

Here’s Your Next Superhero!

September 25, 2015

I was talking with a young man today who was facing a rather large debt load and was looking for a way to effectively manage that debt so that it doesn’t ruin his life or at least make it difficult to feel anything other than trapped by his debt. He bought a relatively inexpensive ($20,000) car, has around $8,000 in credit card debt and about $80,000 of undergraduate and graduate school loans. His salary today basically allows him to pay rent, his debts and a little bit of discretionary money for entertainment. He said that his life was not very much fun right now and he feels like he is suffocating. He sounded very frustrated and he joked that at this stage, he’d be willing to sell an organ to raise cash to pay off some of the debt.  Continue reading “Here’s Your Next Superhero!”

Could You Walk Away From $2 Billion?

February 14, 2014

In a move that could go down as one of the more surprising moves I’ve seen from a business in quite a long time, CVS has announced that by October 1st they will no longer carry tobacco products in their stores. That sounded “interesting” when I first heard about it.  And then I heard how much money they made each year in cigarette/tobacco product sales…$2 billion!  Continue reading “Could You Walk Away From $2 Billion?”

Personal Finance Tools Review: Mint

February 10, 2014

Mint is one of those financial tools that I have talked about so much since they appeared on the online budgeting scene that I often take for granted the fact that not everyone out there knows about their service. This week, we will look at Mint and review some of its most popular features. Mint has been around since 2007, boasts over 10 million users and has numerous awards, which is great and all, but all that really matters if you have an account is one thing – are you taking control of your money and making the smartest decisions possible? Here is a little more information about how it works and how you can potentially use Mint to help you reach your most important financial life goals. Continue reading “Personal Finance Tools Review: Mint”

A New Way For Couples to Manage Their Finances in 2014

December 30, 2013

The holidays present numerous financial challenges, not to mention the positive and negative stress associated with spending some quality time with friends and family. (Insert your own mental image of Cousin Eddie from Christmas Vacation here.) Generosity is a wonderful characteristic to possess, but if left without monitoring, it can lead to overspending and debt. Additionally, travel costs can be expensive if you hit the road or the occasionally friendly skies to be with family.  There is a well documented outbreak of financial stress and regret that occurs every January in our consumer-driven culture when the reality of holiday spending arrives in the form of a credit card statement. Continue reading “A New Way For Couples to Manage Their Finances in 2014”

How Committed Are You To Your Financial Goals?

August 09, 2013

As my friends, family and coworkers know, I am a bit of a news & politics junkie. Because of my interest in the area, I love to read look-backs about elections. Why did one candidate lose and another win?  Especially in close races, there are usually a few obvious things that help turn the election in favor of one candidate over the other. Continue reading “How Committed Are You To Your Financial Goals?”

Financial Tips for Recent College Graduates and Early Career Professionals

July 29, 2013

I recently joined a group of friends in a discussion about our first jobs and reminisced about those innocent days of youth (mostly innocent at least).  My first job tapped into my entrepreneurial spirit as I traveled yard to yard in my little corner of suburbia mowing lawns. The boss was a free-spirited adolescent and that venture provided zero benefits, but I did learn a lot about the importance of having a solid work ethic and it gave me hands on experience with managing and saving money. Continue reading “Financial Tips for Recent College Graduates and Early Career Professionals”

If I Won the Lottery

January 09, 2013

Recently, my 10-year old son Ethan asked me what I would do if I ever won the lottery.  What a great question.  How we answer this question says a lot about how we feel about money and what we value most.  After pondering the question for a moment, here is what I would do. Continue reading “If I Won the Lottery”

Money and Marriage: The Missing Manual

September 03, 2012

It is commonly known that money is the leading cause of marital problems. As a financial planner working with couples for over 25 years, I have seen why. Couples often take the wrong approach to love and money, thinking that love and money don’t mix.    Continue reading “Money and Marriage: The Missing Manual”

The Curious Similarities Between Golf and Managing Personal Finances

April 11, 2012

Greg is on vacation this week so this blog contribution is provided by Scott M. Spann, CFP®, EA, one of our Resident Financial Planners at Financial Finesse.

Living in the coastal region of South Carolina (affectionately referred to as the “low country”) provides residents like me and our frequent visitors with an abundance of recreational, entertainment and cultural opportunities. I guess that is why our coastal communities like Hilton Head, Charleston, and Myrtle Beach remain popular retirement and vacation destinations for those seeking changes in “latitude” later in life. Walks on the beach, arts festivals, historic tours, boating, kayaking, fishing, and reading a book while lying in a hammock are just a few of the leisure options that I try to take advantage of as much as possible whenever there is downtime.  But when the azaleas and dogwood trees start to bloom and the sports world shifts its attention just up the road to Augusta, Georgia for the Masters Tournament like it did last week – golf occupies a significant portion of the leisure section of my brain. Continue reading “The Curious Similarities Between Golf and Managing Personal Finances”

What I Learned Watching the NFL Playoffs

January 27, 2012

Last weekend, the final 4 teams left in the NFL playoffs squared off to see who would make it to the Super Bowl.  This year, it’s the New England Patriots vs. New York Giants playing in the season’s final game.  2 teams, 1 trophy……….I can’t wait.  I’m almost as excited about the commercials as I am the game.  My favorite team was eliminated, so there won’t be a championship parade for me to attend this year.  That made me think.  The NFL has 32 teams.  Only 1 wins the Super Bowl.  Only 1 is considered “successful”.  The other 31???  They all failed to meet their goals and have to wait another year to try to reach them. Continue reading “What I Learned Watching the NFL Playoffs”