The Secret to Achieving Your Financial Goals Part 1

Jerry Fetta
7 min readMay 21, 2024

A recent study by the University of Scranton shows that 92% of Americans fail to achieve their goals. 92% is a huge number, and when you think about it inversely — only 8% of Americans achieve their goals — it becomes even more sobering.”

We’ve discussed goals and vision before, especially as it relates to wealth and finances, but I want to talk to you about how to achieve them once you set them.

I can remember when I was a kid, I used to set goals and I would be very proud of myself for having set them and I’d go around telling others that I had goals and what they were. I didn’t yet understand one of my favorite quotes by Benjamin Franklin: “Well done is better than well said.” I wasn’t achieving my goals and so I felt like the celebration had to be in my having goals in the first place since achieving them probably wasn’t a reality.

Well, the reason I wasn’t achieving my goals and the reason why most don’t achieve their goals is that difference between a goal and a plan isn’t understood.

A goal is simply what you want to do and why.

A plan is how you are going to achieve that goal.

I want to review a hard-won Law of Wealth on the topic of goals and plans:

A life without vision tends toward death. A goal without a plan tends toward delusion. A plan without a goal tends toward distraction.

I want to take up just the middle part of this Law of Wealth:

A goal without a plan tends toward delusion.

The reality is, if you have a goal and you don’t have a plan to achieve it, that goal isn’t going to happen and it truly becomes delusional. It may be a nice idea, but there needs to be a plan put together and carried out to help you get it done.

A family might have a goal to build a house, but if they don’t have a Blueprint (a written plan to get it done) that goal becomes a wish or a delusion.

The difference between dreamers and achievers boils down to having a plan and sticking to the plan.

A recent study of millionaires by Ramsey Solutions shows their top 5 career fields in America, which are engineer, accountant, teacher, management, and attorney.

What do all of these career fields have in common?

For one, college. I’m not saying college is good or bad, but I want to point out that college is a plan and these people followed the plan.

Two, these are all systematic type career fields that operate with plans and structure quite a bit in their day to day.

Three, these aren’t easy career fields. Not only is there a lot of structure and plans, but there is an element of difficulty in getting into them and staying in them successfully.

Lastly, I want to point out that teachers made the list and being a teacher is perhaps the most underpaid job in America right now. This tells me that having a plan and following a plan is actually more important than the amount of resources you’re working with.

So how do we plan?

Here is how I do it and how I’ve done it since my early 20’s.

1. Come up with your vision and your goal

2. Work backwards, referred to as reverse engineering, each major milestone that needs to happen leading up to that goal

3. Go back through it forward and backwards several times, adding, changing, or eliminating steps so that they line up like dominos, knowing that if you hit the first one, the rest will all fall in sequence and the goal will happen

4. Make them S.M.A.R.T.

a. Specific: Make sure to cover all of the details. Instead of “do more gardening” it would be “plant trees and flowerpots” and you could even be specific about the types of trees, the types of flowerpots, and the exact location

b. Measurable: Assign numbers to what will need to be done. How will you measure its progress? “Plant 3 trees and 5 flowerpots” makes the plan measurable.

c. Actionable: Is the plan something you can do? A plan that can’t be done isn’t a plan. In this case, plant is an action and so this plan is actionable. Leaving action out of a plan can certainly make it not actionable, but so can putting unrealistic actions in there. “Plant 1 exotic cactus from Argentina” might sound great, but what is the reality of getting the cactus from Argentina? This plan might not be actionable.

d. Relevant: Does this plan line up with your vision and goal? Does it line up with your other plans? If your goal is to earn more income at work, these plans on gardening aren’t relevant and will cause you not to achieve your goals. This one is probably the one I see violated the most. Plans are what we spend our time on each and every day and many people have wealth goals, but they don’t spend time on wealth plans.

e. Timed: You need a deadline. When will it be done by? And what will happen if it isn’t done by then? Give yourself a firm deadline that borders very closely with being realistic and unrealistic. If you push yourself to get there, you’ll likely meet the deadline.

I want to give you the plans for achieving Financial Independence where your passive income exceeds your generosity, expenses, taxes, and savings.

This particular plan is what I call The Blueprint to Financial Freedom. I have a book about it and after refining this and working with many of our members on this plan, here is the refined version:

Goal:

To live a life of abundance & prosperity in all areas and to improve the quality of life for myself, my loved ones and the world around me.

Purpose:

To become financially independent where my passive income exceeds my generosity, expenses, taxes and savings (otherwise known as PI>GETS)

Plans:

1. Complete basic financial training from books and Wealth DynamX Nation

2. Conduct Wealth Potential Analysis and analyze Passive Income Number

3. Pass 90 Day Big 3 Challenge

4. Obtain & fund Sacred Account

5. Establish/Update Estate Plan

6. Make positive spread on Sacred Account policy loan (debt, large purchase, investment, tax reduction)

7. Plan next Sacred Accounts for the future

8. Begin Investing for passive income (when debt free other than mortgage debt)

9. Reduce taxes

10. Achieve 40% savings rate by repeating 2–9

11. Achieve Financial Independence (PI>GETS) by repeating 2–10

I happen to know that if someone follows this exactly, and they persist, they will achieve Financial Independence.

This is also what’s known as a repeating plan, where you keep cycling through various points over and over repetitively until the goal is achieved. This one in particular would be completed and repeated every 3–6 months.

As you can see, there is a lot of clarity in having a plan and as you probably felt when you looked at my Blueprint to Financial Freedom plan (which is literally what I follow for myself), it adds a lot of confidence to having a plan that makes sense.

In closing, my mission in life is to help good people build more wealth who makes the world a better place.

So, if you’re a good person who wants to help make the world a better place and this article helped you, I want to encourage you to start planning your next quarterly trip and putting this into practice. And feel free to write to me and let me know how it went.

If you’re a client of mine and you’d like help leveling up, send an email to my team with “Level Up” in the subject line to Contact@WealthDynamX.com.

If you’re a follower and have not read my book The Blueprint to Financial Freedom yet, that is the place to start. This book covers the specifics for each level in the various chapters and you can grab the book for free as my gift.

Click here to get a copy!

The Blueprint to Financial Freedom by Jerry Fetta

To Purpose, Wealth & Freedom,

Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on 100+ podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.

Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.

Learn more at www.WealthDynamX.com

(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)

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Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. Jerry’s mission in life is to help create millions of financially educated and wealthy families.