How to transform your dreams into goals

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Anyone can dream but only few people can live their dreams. Anyone who is willing to take risks can achieve his/her dreams. What is important to know about any dream is that it takes dedication and consistency to fulfill it. Knowing how to transform your dreams into goals will increase your odds of success.

Dreams or visions are just wishes that are not backed with action. You can dream as big as you see fit but what makes a difference is your ability to act upon your dreams. Dreams are important because they give you a sense of direction but for you to arrive at your destination, you need to make some steps.

One of the greatest aspect of money management is the ability to set achievable goals. Goals influence the type of investments you make or the way you spend your money.

Financial goals

To achieve your dreams you need to do the following:

1. Write down your vision.
2. Define specific long-term goals.
3. Refine your long term goals into medium and short-term goals.
4. Take the risk (Act on your detailed short-term goals).
5. Track the progress of your goals regularly.
6. Evaluate your progress.
7. Be consistent.

Practical example:

The following table is a snapshot of how to transform your dreams into goals that are achievable. Note that the goals are very specific and easy to measure. Long term goals determines what you need to do in the short run.

Short-term goals	Medium-term goals	Long-term goals
Reduce debt: Increase monthly repayment on the car loan by R 5 000	Achieve a good credit score	Invest in Residential Property
Increase investments: Invest R 10 000 in Shares every month	Achieve returns above the FTSE/JSE Top 40 Share index	Retire early

Note: This table is for illustrative purposes only and it does not reflect the writer’s goals in any way.

In conclusion, visions are not fulfilled by accident. It takes a lot of patience, hard work and consistency. A dream without action is meaningless. The only way to transform your dreams into goals is to start by taking risks today. Never forget that Apple was started in a garage and Facebook was started in a dormitory – make baby steps now with the main vision in the back of your mind.