Setting 2024 Goals
Dec 31, 2023
Crafting a Resilient Path: Insights from Episodes 58 and 59
As we usher in the end of the year, our recent podcast episodes have delved deep into the art of setting and achieving goals, providing a roadmap for those seeking purpose and intention as they navigate the journey ahead. In this blog post, we'll explore the highlights from Episodes 58 and 59, which focus on trading through the holidays and culminate in a powerful discussion on ending the year with goals and intentions.
Episode 58: Trading Through the Holidays - Missing Out on 1.28%
In Episode 58, we examined the impact of trading through the holiday season, specifically addressing the consequences of missing out on a 1.28% gain. The discussion set the stage for a profound exploration of tackling goals logically, prompting Reid to pose a crucial question to Glenn: How does one go about it?
Framework of Setting Goals: Episode 59 - Ending the Year with Goals and Intentions (Part 2)
1. Set Goals with a Purpose
The episode begins with a foundational principle: setting goals with a purpose. Glenn emphasizes the significance of starting with the bigger vision, working down to the specifics. Using the example of a lofty goal like donating a million dollars to charity, the hosts advocate asking essential questions: Why? Who will be impacted? How will it be achieved?
Reid interjects with a critical observation - motivation is fleeting. Glenn counters, asserting that while motivation is an emotion, it serves as the starting point, leading into the crucial realm of discipline. The episode highlights the importance of materializing goals by writing them down, citing Harvard-backed research on the impact of written goals on net worth.
2. Create an Action Plan: Break Down Goals into Bite-Size Pieces
The subsequent step involves creating an actionable plan, breaking down ambitious goals into manageable pieces. The hosts discuss the importance of sharing goals with others, even in the face of potential pushback. The concept of giving goals a timeframe is explored, with Glenn sharing his preference for 90-day targets and yearly goals to prevent overwhelm.
3. Take the Action
The episode unfolds a two-step action plan: surrounding oneself with the right people and committing to tangible steps. Glenn provides criteria for identifying the right individuals - those who have achieved similar goals or align with your aspirations. Taking action involves stepping up, planning, and chipping away at targets systematically.
4. Monthly Recap/Review
A critical component of goal pursuit involves regular reviews. The hosts advocate individual progress assessments and sharing within a supportive circle for valuable input. Acknowledging the non-linear nature of the journey, Glenn emphasizes the need for adaptability and resilience.
Closing Thoughts
The hosts leave us with a powerful reminder: "You only fail if you give up. The path isn’t easy. You will get beat up, tested, but find that inner strength to continue on — resiliency. 'What you want is on the other side of fear.'"
In conclusion, as we approach the year's end, it's an opportune moment to reflect on the transformative power of goal-setting and the resilience required to navigate the journey. Remember, the question isn't just about the goals you set but about the person you aim to become.
Show Notes:
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Episode 56 - Resilience: Listen Here
Listen to the full episodes for a comprehensive exploration of resilience, goal-setting, and navigating the complexities of life and success.
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Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.
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