Setting Our Goals
We all need coaches. If we are sports fans, we see it first hand: the folks standing behind the bench or on the sidelines, mostly behind the scenes, responsible for preparing their charges for a game, event or competition. My daughter Miranda (a world class triathlete in her own right) coaches triathletes (that's the crazy sport where they swim, then cycle then run for staggering periods of time) who simply just want to improve their performance.
I have a coach (Greg Wood of Sandler Training). I wish I had met him years ago, but he is helping me to build my/our business, which is, as it turns out, financial coaching. Yes, we (at High Rock) are indeed coaches.
And that, to a large degree, is a huge differetiator in the world of financial advice. Our coaching expertise comes from a broad range of experience and education (from financial planning to managing investment risk and portfolio strategy), that gives us the ability to work with our clients to help them get to their financial goals.
We all have goals. Sometimes those goals are just vague ideas of some far off notion of how we would like to live our lives in the future. The key is to set aside some time and start to build a clearer picture of exactly what those goals are be they long-term, short-term or regular, day to day goals.
When we set a goal, be it personal or financial or athletic, and make it very specific, it starts our psyche churning and we begin to think about how we are going to motivate ourselves to achieve it. We start to focus our behaviour on creating a plan of the actions that we need to take to make it happen.
This is not rocket science by any means and at the outset, may seem pretty simple. However, to be successful in achieving our goals, it will take planning and more importantly, likely having to challenge ourselves to be disciplined in our approach.
When we prepare Wealth Forecasts (the High Rock version of a financial plan), sometimes it becomes a bit of a task to get our clients to focus on getting the important financial details to us (sometimes it is not a first priority) or we get the Wealth Forecast prepared and presented, but it takes some effort to motivate them to sign and return the (regulatory mandated) paperwork so that we can put it all in place. Perhaps it is just not making that TFSA, RRSP or other contribution to your savings / investments? Sometimes needing to adjust your preconceived notions (usually a result of receiving historically bad advice or coaching) of exactly what will and won't work in managing your strategy.
However, just as if we are training for that personal best time in your next triathlon (or whatever sport you might participate in) or maybe you are just trying to keep healthy with exercise, if we miss our workouts, we are not staying disciplined and our goals may become somewhat more distant.
That is behavioural and it is behaviour that drives success.
Every coach (worth their salt) wants their clients to be successful. However, the behaviours that we need our charges to undertake that are necessary to be successful (discipline, risk-taking, prioritizing) have to be as much a part of the process. So behaviour also drives attitude! Creating behaviours and holding yourself accountable takes effort. That effort will ultimately determine whether you will be successful in achieving your goals.
So, as we close out the year and prepare for a new one and as we close out the decade and prepare for a new one, maybe use the December downtime (likely between December 25 and December 30) if there is any in your schedule, to give some thought to your goals, your plan and your actions that will bring you all the success that you want in the future.
And if you want some financial coaching, we have a fine team to support your efforts.
We all need coaches. If we are sports fans, we see it first hand: the folks standing behind the bench or on the sidelines, mostly behind the scenes, responsible for preparing their charges for a game, event or competition. My daughter Miranda (a world class triathlete in her own right) coaches triathletes (that's the crazy sport where they swim, then cycle then run for staggering periods of time) who simply just want to improve their performance.
I have a coach (Greg Wood of Sandler Training). I wish I had met him years ago, but he is helping me to build my/our business, which is, as it turns out, financial coaching. Yes, we (at High Rock) are indeed coaches.
And that, to a large degree, is a huge differetiator in the world of financial advice. Our coaching expertise comes from a broad range of experience and education (from financial planning to managing investment risk and portfolio strategy), that gives us the ability to work with our clients to help them get to their financial goals.
We all have goals. Sometimes those goals are just vague ideas of some far off notion of how we would like to live our lives in the future. The key is to set aside some time and start to build a clearer picture of exactly what those goals are be they long-term, short-term or regular, day to day goals.
When we set a goal, be it personal or financial or athletic, and make it very specific, it starts our psyche churning and we begin to think about how we are going to motivate ourselves to achieve it. We start to focus our behaviour on creating a plan of the actions that we need to take to make it happen.
This is not rocket science by any means and at the outset, may seem pretty simple. However, to be successful in achieving our goals, it will take planning and more importantly, likely having to challenge ourselves to be disciplined in our approach.
When we prepare Wealth Forecasts (the High Rock version of a financial plan), sometimes it becomes a bit of a task to get our clients to focus on getting the important financial details to us (sometimes it is not a first priority) or we get the Wealth Forecast prepared and presented, but it takes some effort to motivate them to sign and return the (regulatory mandated) paperwork so that we can put it all in place. Perhaps it is just not making that TFSA, RRSP or other contribution to your savings / investments? Sometimes needing to adjust your preconceived notions (usually a result of receiving historically bad advice or coaching) of exactly what will and won't work in managing your strategy.
However, just as if we are training for that personal best time in your next triathlon (or whatever sport you might participate in) or maybe you are just trying to keep healthy with exercise, if we miss our workouts, we are not staying disciplined and our goals may become somewhat more distant.
That is behavioural and it is behaviour that drives success.
Every coach (worth their salt) wants their clients to be successful. However, the behaviours that we need our charges to undertake that are necessary to be successful (discipline, risk-taking, prioritizing) have to be as much a part of the process. So behaviour also drives attitude! Creating behaviours and holding yourself accountable takes effort. That effort will ultimately determine whether you will be successful in achieving your goals.
So, as we close out the year and prepare for a new one and as we close out the decade and prepare for a new one, maybe use the December downtime (likely between December 25 and December 30) if there is any in your schedule, to give some thought to your goals, your plan and your actions that will bring you all the success that you want in the future.
And if you want some financial coaching, we have a fine team to support your efforts.
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