Dave Ramsey often says, "Children do what feels good. Adults devise a plan and stick to it." We want to do all we can to teach our children to grow into successful adults, so how do we form the skills and the habits of planning ahead?
A plan is a set of goals with deadlines. One of our first blog posts discussed the power of simply writing down your goals. Let's take it one step further with Dave's advice...
"You can set goals and keep them. Don't just dream about how you wish things would be. Develop a plan and make it happen! Something amazing happens in our lives when we take the time to write down our specific goals, not just keeping them intangible thoughts in our brains.
Goals that work must be: - Specific - Measurable - Yours - Time-sensitive - Written
I'm 39, not 13, and I'm still working on this myself but with the easy financial goal setting process in FamilyMint, my 5 children have a leg up that I didn't have. The goal setting process in FamilyMint incorporates all 5 of Dave's recommendations. Each account is specifically created for one goal, measurable through the target value, theirs because they create it themselves, time-sensitive through the"reach goal by" date, and of course, it's written.
Read more from Setting Goals That Work [Dave Ramsey].
"Freedom is the ability to do what we ought to do." -- St. Augustine "Vision without action is a daydream; action without vision is a nightmare." -- Japanese Proverb
What are your secrets for setting and achieving goals?