The Secret to Achieving Your Financial Goals Part 1

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: