YOU CAN SET GOALS
Assessing your financial position, reviewing assets and liabilities, is a starting point for an investment strategy. When deciding on goals to set and the path to achieving them you can do a similar exercise, so you can work your strengths, work on some weaknesses, and outsource the rest. They may be mental, behavioural, physical, relational or experiential.
In this exercise Assets may be things like money, job, knowledge, skills, passion, persistence, hard work, supportive partner and a network of useful contacts. Liabilities (constraints) might be self-doubt, debt, or lack of knowledge, skills, confidence, drive or access to capital.
Taking stock of your personal balance sheet enables you to craft the goal based on your strengths. You may craft a Discovery Goal, preparing for the journey to reach a goal by addressing your constraints. Some you may decide to work on, such as developing knowledge or a skill. Some you outsource to others who have that strength and bring them onto your team.
One key asset, however small, is your network, an asset always worth building as it will tip the balance (pun intended) in your favour, providing access to resources to aid in the areas you need.
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*Image by Peggy and Marco Lachmann-Anke on Pixabay
Copyright © Chris Christoff 2016. All rights reserved
All the information, techniques, skills and concepts contained within this website are of the nature of general comment only and are not in any way recommended as individual advice. The intent is to offer a variety of information to provide a wider range of choices now and in the future, recognising that we all have widely diverse circumstances and viewpoints. Should any reader choose to make use of the information contained herein, this is their decision, and the contributors (and their companies), authors and publishers do not assume any responsibilities whatsoever under any condition or circumstances. It is recommended that the reader obtain their own independent advice.
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