The Self-Made Millionaire Goal-Setting Process

From my five-year study of the daily habits of self-made millionaire, I learned that these millionaires know something about goal-setting that almost no one else knows. They understand that a goal is only a goal when you can control the outcome. If you can’t control the outcome, it’s a wish or a dream. There are two parts to the definition of a goal:

Part 1 – A goal has 100% achievability. There is no doubt that you can achieve the goal and

Part  2 – A goal requires specific action. There must be some very specific physical activities required and you must have the capability to perform those activities. You need to have the necessary skills, be healthy and are able to perform the activities required in order to accomplish the goal.

Here are some examples of goals:

  • Losing 15 pounds
  • Writing a book this year
  • Eating healthy
  • Reading 2 books a month
  • Going to college, assuming you can afford it
  • Running a marathon
  • Climbing Mount Everest

Each one of these goals can be accomplished. They are completely within your control.

A wish or a dream is not a goal. Wishes or dreams are not within your control. You can’t control their outcome. The realization of wishes and dreams requires the pursuit and achievement of numerous goals, help from others, good luck, being in the right time at the right place, outside influence or unintended occurrences. Here are some examples of wishes and dreams:

  • Making an additional $100,000 a year
  • Doubling your sales or revenue for the year
  • Becoming a bestselling author
  • Having your song become a hit
  • Becoming a CEO of a big company
  • Buying a house on the beach when you are poor
  • Getting your product into Walmart

If you want your wish or dream to come true, you need to create goals around them, pursue those goals and achieve those goals. You need to break your wish or dream down into manageable tasks that you are able to perform. The accumulation, over time, of the completed goals will move you forward towards realizing your dream. You will still need outside help and outside influences to occur, but luck has a way of finding the prepared and the persistent.

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
Phone Number: 732-382-3800 Ext. 103.
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