When in college, we learned about setting goals and were taught the acronym ‘SMART’ (Specific, Measurable, Attainable, Realistic, and Time-Based). Well, I’m creating a new acronym that should be used instead: ‘SMARTER‘ (Specific, Measurable, Attainable, Realistic, Time-Based, Economical, and Rewarding). Since goals are directly linked to your habits and, more often than not, requires changing your current habits in order to achieve your goal, you need to add ‘economical’ and ‘rewarding’ to the current mix.
A NEW MODEL FOR SETTING GOALS: ‘SMARTER’:
–Professor Phil Jones
Your goal must be ‘economical’ (meaning, are you willing to pay the price in order to achieve it?) Setting a goal means that you WILL be sacrificing something in order to achieve it. Spending less time with family and friends? Spending money for products, services or memberships necessary to achieve the goal? Time commitment? Not doing other leisure activities?
Also, if you read about how habits are formed and/or changed, you will see that in order to successfully change a habit, there MUST be a reward at the end. Giving yourself a reward once you have achieved the goal is a huge motivator and must be part of the equation. It will keep your eye on the prize at the end of the journey.
If more people thought about the sacrifices they will be making before they start their goal and also think about the reward they’ll get once completed, it will result in more people achieving their goals. Don’t just be smart when setting your goals, be smarter!