Money Management Tip #1 – Have a plan

Most of the people I know always complain about the lack of money and “how much month they have at the end of the money” 🙂 However, if you ask them how much more money they need and for what, they can’t give you a straight answer.

Throughout my life I learned that planning is everything. It is very likely that your plans might change quite often. As we grow our targets, dreams and goals alter, but the most important part is to have them written down and making baby steps each day in the right direction. A lot of people have no idea how much money they want to earn and by when and that is the main reason they do not get anywhere.

“Would you tell me, please, which way I ought to go from here?”

“That depends a good deal on where you want to get to,” said the Cat.

“I don’t much care where –” said Alice.

“Then it doesn’t matter which way you go,” said the Cat.

So, here is what I’ve done and my suggestions on how to make that plan:
1. Take a notebook and write down on one side of the page the next closest monetary target you want to meet. 
2. Leave that page for a while and on the other side of the paper list all the things you want to buy with that money. If you don’t know how much something you want costs, go and find out and edit the list as required.
3. After you listed all the items, sum it up and see if the number matches what you’ve written on the left side of the page and make the necessary corrections. A lot of times we start with the bizarre figure, but when we make research and calculate, we find out that we actually need much less than we thought.
4.  Now ask yourself the following questions: What can I do now to meet my monetary target?
If you’re working for a company, what can you do to get a pay raise? Can you take on more responsibilities or workload? What can you do for your employer, what benefits can you bring to your company so that they would be happy to reward you? 
Is there anything you can do outside of working hours? Do you have a hobby or a talent or what is it you’re passionate about? What did you always wanted to do for life, but were afraid of?
If you have a special skill beside the office job or if you’re a freelancer or business owner, how can you improve that skill / product and increase your income? Can you do small sample job for free to get your first customers and start word of mouth? What can you do so your existing customers order again from you?
List all the things you can think about below the target on the left side of the page. You might not have an idea how to meet your target straight away. Just remember your target and go on with your day and be sure that an idea will reach you. It might be that you have written a book, but were afraid to show it to anyone or publish it, maybe you could start selling the prints on Etsy or similar web sites if you’re an artist or maybe you’ll just  get a brilliant business idea that will change the world.
5. Keep this page on your desk or in your wallet, review it every day and make necessary additions / corrections.
This plan has helped me tremendously and each time I meet my goal, I take a new piece of paper, put the next target and start working toward it.
Wishing you all the success with your plan and it’s achievement!

How To Actually Achieve Your Goals for Right Brain Thinker


If you’re a left-brained thinker who behaves in a calm, focused manner, read another article. You already think rationally, schedule fastidiously, document your objectives clearly, and check them off your list. So stop reading this already.

For the rest of you–the right-brainers, the multi-modal people, who are known to be gregarious and abstract thinkers–pay attention.

You need to set big goals in 2013. You already know that. The challenge for you is to turn those big goals into action, keep yourself accountable, and do what you say you’re going to do.

You have the ability to do this, but, the truth is, when it comes to setting goals, especially in business, it’s a left-brained and logical, process-oriented, structured world.

Your challenge is that you’re not going about goal setting and goal attainment in a way that aligns with the way your brain works.

You’ve been coached on goals the old way:

1. Write down your goals.

The stats even back up how important this is. People who write down goals are 33% more likely to achieve them!

2. Cull a detailed, organized list.

Tie your goals to specific dates with smaller deliverables every step along the way.

3. Make each goal SMART.

SMART goals are specific, meaningful, achievable, relevant, and timely.

These steps are useful–for left-brainers. They won’t work for you. You probably wrote down a careful list of SMART goals, but how many times did you look at it? Are you still even working on the same goals you wrote at the beginning of the year (or even the day)? I doubt it.

The key for you–an outgoing right-brainer–is to look deeper at what your goals are about. Give yourself manageable and actionable deliverables that will result in productivity. And tap into your brain.

Here’s how:

If you’re a social thinker, record your goals on paper, but also in conversations and interactions with other people. Have others keep you on task. It’s amazing how well this works and you’ll actually enjoy it!

If you’re conceptual, writing down goals probably seems pointless. Instead, dream big and trick your brain by thinking of your goals as a vision for the future. Draw a metaphor of your goals and revisit those images frequently.

If you tend to think in a multi-faceted way, you’ll find many different goal-setting models helpful. Don’t be constrained to one; instead experiment with many to find the best (or a few strong) fits.

In addition to how you think, know your natural behavior propensity, and set goals that match it, to help you succeed at your goals.

If you’re quiet, you’re probably perfectly comfortable writing down your list and personally checking it. But if you’re more on the gregarious end of the spectrum, you should use that fact to your advantage–get others involved with your goals, and ask for their help. Be loud about what you want to achieve.

If, however, you have a competitive and driving personality, try not to push objectives purely for the sake of it. Or if you’re more of an amiable person, create goals that will make a difference, and commit to doing them even if you rock the boat.

When it comes to flexibility, if you prefer clearly-defined situations, you probably already know that goal setting comes naturally–just make sure you revisit goals frequently to know if and when you need to change something to achieve them. If, on the other hand, you’re comfortable with flux and welcome change, goal-setting probably seems tough. Use your adaptability as a strength; since you’re open to new things, try out different goal-setting styles to hone in on the right path.

Goals are made to propel you to be successful. Use your brain to achieve big things in 2013!

This post originally appeared at Inc.