The EXACT model describes an effective coaching goal, helping people to identify objectives which are congruent with their own values and performance style: Setting a goal according to the above parameters provides energy and focus, and keeps people motivated in order to achieve what they may not have thought possible.

The 5 criteria for setting SMART goals:

1. Specific. There’s no point setting vague goals that don’t achieve anything specific.
2. Measurable. Once you have a specific goal pinned down, it’s important to be able to measure the success or completion of the goal.
3. Assignable.
4. Relevant.
5. Timely.

​Specific The goal should identify a specific outcome or event that will take place. Measurable The goal and its benefits should be quantifiable. Achievable The goal should be attainable given available resources. Realistic The goal should require you to stretch some, but allow the likelihood of success.

Apart from the coaching goal of creating awareness, a key objective of coaching is to forward your action. That means working with you to develop plans that you can get behind and that get you specific and demonstratable results.

SMART goals set you up for success by making goals specific, measurable, achievable, realistic, and timely. The SMART method helps push you further, gives you a sense of direction, and helps you organize and reach your goals.

Setting goals in these key areas will help you to take control of your entire life and achieve more as you think steps ahead.

• Health and Fitness Goals. Before anything else, your most important goal in life should be to stay alive and healthy.
• Career Goals.
• Financial Goals.
• Business Goals.
• Personal Goals.
• Family Goals.

To make your goal S.M.A.R.T., it needs to conform to the following criteria: Specific, Measurable, Attainable, Relevant and Timely.

Attainable – When you identify goals that are most important to you, you begin to figure out ways you can make them come true. You develop the attitudes, abilities, and skills to reach them. Realistic – To be realistic, a goal must represent an objective toward which you are willing to work.

Make Attainable Goals

1. Specific — Be as precise as possible.
2. Measurable — Come up with a way to measure your success.
3. Attainable — If there’s no way you can reach your goal, you’re setting yourself up for failure.
4. Realistic — Your goal should stretch you, but not necessarily be easy.

7 Important Characteristics of Attainable Goals

• Stated positively in terms of what you want. Our minds don’t directly process negatives.
• Described in sensory-based language.
• Self-initiated and self-controlled.
• Appropriately contextualized.
• Maintains appropriate secondary gain.
• Includes the needed resources.
• Ecological for the whole system.

1. In every self-help book you will ever read there is almost guaranteed to be a section on goal setting.
2. Why should you write goals???
3. Try to aim for less than ten.
4. Link them to your vision.
5. Set a deadline.
6. Write them down in the right state of mind.
7. Keep them in your wallet.
8. Create accountability with some key people.

Write Clear Goals Every Time

1. Verb. I typically start goals with a verb such as increase, decrease, maintain, or have.
2. Focus. What is the focus of the goal?
3. Target. The target specifies the measure.
4. Deadline. The deadline makes the goal time-based.

Goals must be challenging, focused, measurable and relevant.

• Goals Must Be Challenging in Order to Be Motivating.
• Goals Must Be Focused and Not Overwhelming.
• Goals Must Be Objective and Measurable.
• Goals Must Be Updated and Kept Relevant Throughout the Year.

An effective goal clearly indicates what a person needs to do to accomplish it. This means that you must be able to measure the performance that relates to the specific goal. For example, it should be possible to measure how much an athlete has improved on a specific skill or task (e.

Most businesses use the SMART model for goal setting: Specific, Measurable, Achievable, Relevant and Timed. These are specific characteristics used in successful goal setting.

Remember, every objective must start with the word , “To.” An easy way to remember the characteristics of a good objective, is the acronym, “SMART.” It stands for “Specific, Measurable, Achievable, Realistic and Time-Bound.”

6 Proven Steps to Goal Setting

• You must have a specific goal.
• You MUST have a specific time in which to achieve your goal.
• You must write down your goal.
• You must develop a plan to achieve your goal.
• You must decide the price you’re willing to pay.
• You must think about your goal a every day.

An effective financial goal would always has these SMART characteristics; Specific, Measurable, Achievable, Rewarding and Time-bounded. This is to ensure that our goals are meaningful and get us closer to financial freedom. Good luck in your goal setting.

7 Examples of Personal Finance Goals

• Start an Emergency Fund. Life is unpredictable, and it’s important to be prepared.
• Pay Off Debt. Paying off debts is one of the most common financial goals.
• Save for Retirement.
• Strive for Homeownership.
• Pay Off the Car.
• Invest in a College Education.
• Plan for Fun.

6 Tips for Setting Effective Financial Goals

1. Only set goals you really want to accomplish.
2. Make your goals specific and measurable.
3. Ensure your goals are reasonable.
4. Break big goals down into small ones.
5. Set a timeline.
6. Track your progress.

The biggest long-term financial goal for most people is saving enough money to retire. The common rule of thumb that you should save 10% to 15% of every paycheck in a tax-advantaged retirement account like a 401(k) or 403(b), if you have access to one, or a traditional IRA or Roth IRA.