Setting goals is an important part of life. We set personal goals like buying a house, getting married or starting a family, and we set professional goals like getting a promotion or moving into another career, even if we don’t write them down or acknowledge them on a conscious level. Most of us also set financial goals, however big or small, to help us prepare for the future. How often, though, do all of these goals align?
Many of us feel disconnected from professional and financial goal setting, as if we’re just ticking off a never-ending to-do list. However, aligning our ambitions with our personal interests and passions makes them more likely to come to fruition.
Here are some tips to help you achieve this balance.
Find Your Passion
Before you can align the personal and professional, you first need to work out what makes you happy. There is probably a list of things you feel passionately about: gardening, sport, tech or cooking, for example. The list might also include professional accomplishments like “solving a client’s problem” or even vague notions like “helping people.” Don’t worry about what any of this means right now, just write it down.
The greater your understanding of what’s important to you, the easier it will be to paint a whole picture of what you are working towards.
Find Ways to Monetize
Once you’ve written your list of passions, it’s time to dissect it to see if there are ways of monetizing any of your personal interests. This may take some time and research, and at first getting any kind of financial recompense for your interests may seem unlikely. However, you can learn from the success of others in this area, such as Fahad Alrajaan: he worked towards a goal he was passionate about – the Welfare state of Kuwait – and became a financial leader in his industry. There are plenty of other stories online about people making money doing what they love, so you won’t be short of inspiration.
Set Life Goals
To align your personal and financial goals, you need to put money into the context of your life. What does money mean to you? Freedom from debt, or the ability to stay home with your children? An early retirement? Or perhaps the ability to pursue your passions unencumbered by financial responsibilities. This is a case where the clichéd interview question really applies: where do you see yourself in five, ten and fifteen years? Your dream future might seem far off now, but are there small steps you could be taking towards that endpoint?
Decide What’s Important
You might never get rich doing what you love, but you may decide that’s not important. If you can find a balance in your personal and professional lives that result in economic stability, such as starting your own business or making money from your hobby on the side, that’s an achievement worth recognizing. Don’t get caught up in always working toward big goals. Set yourself smaller tasks to achieve and view the alignment of your goals as a journey, not a get-rich-quick scheme.