Our favorite catchy quote this week is “A goal properly set is halfway reached”, attributed to author and motivational speaker Zig Ziglar. Imagine two boats that leave the harbor – one enters a specific island destination into their GPS and the other sets out with no plan other than to “find a beach somewhere”. Which boat would you want to be on? Making a plan and “setting your destination” ahead of time is crucial to accomplishing your goals. Zig Ziglar’s point is something we see a lot. People feel like they aren’t making progress on their goals but the biggest hurdle they’re facing is that those goals are too vague. Many people make New Year’s resolutions on a whim and never write them down or set out a plan. That’s why only 8% are successful and 88% fail by their second month! The same is true for your financial goals. Clearly defining your goal, what success looks like and putting a plan in place before taking action is a big part of the process. How do you properly set a goal? We recommend using the SMART goal system (make them Specific, Measurable, Achievable, Relevant, Time bound). What do each of these mean? Read the full article here for all the details.