2025 Goal Setting - Ready, Set, Go!

[Jared Smith]

Goal setting is not something you should wait until the end of each year to do, but if you have been busy and maybe haven't been able to get around to either brushing off your old goals, validating your existing goals, or creating your new goals, now is the time to do it for 2025. 

Some use very specific goal setting metrics, some use more general goals, there is no right answer for every person, but I am willing to bet that those that set some goals will be more successful in the upcoming year than those that do not. 

My wife and I use something we call the "One card" that we learned from another Memphis area investor. It's a simple 3x5" card that is folded in half. On one side of the fold is your short term 6-12 month goal, on the other side you put your mid-term goal 3-4 years and then on the back you write down that Big Hairy Audacious Goal (BHAG) 10 year goal. 

Having this will provide focus and intentionality in your actions. If you analyze a deal, does it help you reach your goals? Ask yourself if your actions today are getting you any closer to short/mid/long-term goals. If not, why? 

What do you do help focus your goals? Does anyone use another method of goal setting or periodic review method?

Cheers to closing out 2024 strong and moving into 2025 with intentionality!

Jared Smith