On this episode of A Wiser Retirement Podcast™, Casey Smith and Missie Beach, CFP®, CDFA® discuss setting and achieving financial goals in the new year. They talk about the art of creating objectives that are specific, measurable, achievable, relevant, and time-bound. It's not just about setting goals; it's about choosing to chase them with a passion that burns brighter than any excuse.
Podcast Episodes Referenced:
- Ep 142: How to Set 2023 Goals You Can Keep
Youtube Videos Referenced:
- Tips for Sticking to Your Financial Goals
- Tips to Grow Your Business in the New Year
Other Links:
- The 4 Disciplines of Execution: Achieving Your Wildly Important Goals
- Hero on a Mission: A Path to a Meaningful Life
Learn More about Wiser Wealth Management:
- Our website
- Schedule a complimentary consultation (learn more about our services)
- Click here to download one of our free guides that covers financial planning topics like retirement, investing, taxes, divorce, and more!
Connect With Wiser Wealth Management:
- YouTube Channel
- Facebook
- LinkedIn
- Instagram
- Twitter
- Casey Smith's Twitter
- Podcast
- Blog
This podcast was produced by Wiser Wealth Management. Thanks for listening!
On this episode of A Wiser Retirement Podcast™, Casey Smith and Missie Beach, CFP®, CDFA® discuss setting and achieving financial goals in the new year. They talk about the art of creating objectives that are specific, measurable, achievable, relevant, and time-bound. It's not just about setting goals; it's about choosing to chase them with a passion that burns brighter than any excuse.
Podcast Episodes Referenced:
- Ep 142: How to Set 2023 Goals You Can Keep
Youtube Videos Referenced:
- Tips for Sticking to Your Financial Goals
- Tips to Grow Your Business in the New Year
Other Links:
- The 4 Disciplines of Execution: Achieving Your Wildly Important Goals
- Hero on a Mission: A Path to a Meaningful Life
Learn More about Wiser Wealth Management:
- Our website
- Schedule a complimentary consultation (learn more about our services)
- Click here to download one of our free guides that covers financial planning topics like retirement, investing, taxes, divorce, and more!
Connect With Wiser Wealth Management:
- YouTube Channel
- Facebook
- LinkedIn
- Instagram
- Twitter
- Casey Smith's Twitter
- Podcast
- Blog
This podcast was produced by Wiser Wealth Management. Thanks for listening!
Just just go, make things happen. Stop stop complaining about the circumstances. Or your parents did this to you and you're traumatized, or you know the boss just won't won't recognize you, or you hate this job, or Traffic's bad, or yeah all the things that we negative things that we can come up with is to why the world is not Moving the way we want it to. The bottom line is you have to fight for that. It's not given to you.
Speaker 1:No you have to go fight for it. You know every success story that I know has. Underneath the success is rejection. Hard, hard work hours, just a just a lot of grit.
Speaker 2:Yeah, it's not this golden shiny Light coming down on these people, correct? That's like what you think is Is their life, but it's really not like that.
Speaker 1:Welcome to a wiser retirement podcast. We believe the best financial advice should always be conflict free. I'm your host, casey Smith, guiding you to financial freedom. Today is my co-host, missy beach.
Speaker 2:Hey Casey.
Speaker 1:Hey, missy. So we are super excited because today is episode 200. Cue, the caffetti, the balloons. We're really good. You know, we shouldn't have gotten a cake for this.
Speaker 2:Yeah, we always have cake. Where's our 200th?
Speaker 1:New people that come work here always complain about the weight gain, because we're really we try to celebrate things. So birthdays, we have cakes, and there's more of us now, so we have, we have cakes for that. And then when mackayla Is passing different steps of the CFP studies, that we have cake. People, people leaving. We have cake for most people.
Speaker 2:You have a cake you get married, you have a cake right. So yeah, it's not the freshman.
Speaker 1:But episode 200, man, thank you to so many people. You know we got started here with Dana Reed. She was a good friend of mine that was on our advisory board for a long time, came and helped us really jump start our marketing a few years ago. She, she, she asked me one day what was the things you want to accomplish that? I've always wanted to have a podcast and that was 200 episodes ago that we started. And then Hadley came in shortly after that and has been instrumental and Driving us forward and organized, organizing the podcast, getting guests in. We've had multiple audio video people. We have Ken here who is Headed out to the real world. He's graduated KSU and looking for a real job, and so it's. It's been a. It's been a great, great 200 episodes, a lot of learning in the process, some audio quality issues I think at the very beginning, and then, finally, we just threw down some money and brought in some the same microphones as Joe Rogan has.
Speaker 2:Really.
Speaker 1:So, yeah, it's, it's been, it's been fun. So I think the you know the purpose of the podcast has always been to educate, not sell, and that's something that I'm very passionate about is no one likes to be sold anything. People like to be educated, and that's our mission here in the Podcast of a wiser retirement. If you have a free moment, you can help boost this podcast popularity, which is pretty popular already actually, by going to Apple or Spotify and just leaving a positive review, and that really helps promote the podcast on both of those platforms. So thank you for doing that. Also, remember that we have a YouTube channel, also called a wiser retirement, where this podcast hi youtubers, where this podcast is Recorded so you can see the video version. The most viewed video of the year was the whiskey podcast About our viewers a bunch of dronks is clients.
Speaker 2:Maybe that's what that means.
Speaker 1:People a lot of fun. People, social people, the social people. Yes, unless you're drinking alone, it true? Yeah, well, you know that makes sense.
Speaker 2:I mean, if you're a.
Speaker 1:Trying to learn about whiskey, because you want to gift it, but you don't want to give something. That is terrible, you're right, right. So that was. That was a good guide.
Speaker 1:It was fun to kind of go off script for one episode, but we also have hundreds of views of others, other podcasts as well, on there, but we also have a lot of shorts, so just a little three minute segments that myself and the staff here wiser put together. So if you make your way over to the YouTube channel, a wiser retirement, be sure to like and subscribe, because that helps promote Us on the YouTube platform as well. Happy new year, by the way. Yeah, same to you. So we still have our Christmas tree up.
Speaker 2:I figured we keep it up till July.
Speaker 1:Oh, we're gonna be those people.
Speaker 2:Let's just leave it up all year, maybe 24 will be worth celebrating all year long, who knows.
Speaker 1:So, yeah, we've got this, this goal-setting podcast, and we did one of these last year, episode 142 how to set 2023 goals. You can keep and I don't necessarily want to Just repeat an episode, podcast episode so I thought maybe bring a little different Angle to it after we get through some of the basics. But I really believe in goal setting. Goal setting is Very important.
Speaker 1:I also have been known to say things to my children and to my friends of Don't let things happen to you, make things happen. I don't know where I heard that, or maybe it's just a casey ism, I have no idea, but I feel like that. I've tried to live most of my life that way where I'm never gonna play the victim and I'm going to figure out how to make things happen. But you can't do that, you can't do that, you can't do that. You can't figure out how to make things happen. But you can't do that if you're not setting goals for yourself and Encouraging those around you to do the same. So you know what's the cliche this time of year? People are trying to lose weight there. The gyms are full, which is annoying because they all these people show up that were never there, but they'll disappear by the end of February, so you just have to work through it.
Speaker 2:Or just never go.
Speaker 1:Yeah, but you know people say, okay, this year is gonna be different. I will say that that New Year's has never really been that big a deal to me. Just another day for you, yeah it's just another day, I know everyone has these big New Year's parties and it's just the clock just changes. I don't know, maybe I'm just. I mean, we do have goals that we set here at the company that are calendar based right.
Speaker 1:But I guess For me I don't know it back in my aviation days when I had to fly on holidays, I I would sell my soul to you have Christmas day off, because kids, kids, family but January 1231. January 1 I didn't really yeah, yeah, and I love watching football, but I don't have to be home on the first to watch all games. Like it's not that big a deal.
Speaker 2:No cuz, there'll be more football. We know that.
Speaker 1:So, anyway, the point is is that you know, I think a lot of people see that you get through, that, that 1231 is okay. I'm gonna do something different this year and if that's how you think, that's fine. I think that's probably pretty normal for most people. So but let's let's talk about setting, setting goals. The reason why you set goals is so you can achieve something.
Speaker 2:Exactly, and that's what we tell every wiser client. Right, financial success is intentional Right. And how can you be intentional if you don't know what you're doing, what you're?
Speaker 1:doing.
Speaker 2:Or there's no plan Right, there's no goal.
Speaker 1:Right. So a lot of times financial goals are set, but a lot of times it's not. Yeah, I would say for a lot of the clients that come through at least my review meetings. I'm not saying, hey, you guys need to do XYZ with your money this year, except spend it. Yeah, because so many of our retirees aren't living their best lives Now, if you're doing everything that you want to do, then that's fine, but otherwise, what do you do with all these resources?
Speaker 2:I know Exactly. They think that you know he who dies with the most wins. I mean they're comfortable doing the right things and you know Well they were good savers.
Speaker 1:Yes, they were always good savers and now they're they're not. They didn't set the retirement goals properly. Or they're scared of the world or there's something going on, right?
Speaker 2:But that's why I think the planning process is so beneficial, so we can show them like those guardrails, and as long as you spend within these guardrails, you are fine.
Speaker 1:Yeah.
Speaker 2:Go out, spend more, live your best life.
Speaker 1:So multiple. A lot of different people listen to the podcast. So if you're in the retirement phase of your life, make sure that you are setting goals for this year to achieve things. It could be something related to grandkids. It could be something related to your own kids. You know, a lot of times in successful businesses come on the backs of unhealthy families, sometimes because you've you've strived to go achieve something, You've done well in business, but then maybe you haven't spent the quality time with the right people in your life over the last few years. This is a great opportunity to make up for that.
Speaker 2:Yeah, that's a good point yeah, so maybe that's one of your goals is relationship goals, not necessarily monetary goals.
Speaker 2:That's a very good point and to bring that to another step, to link the two together, is even a lot of our clients, I would say, like. They've done such a good job with their planning and everything, but they haven't brought it down to the next generation, who might be people. Their kids might be in their forties and fifties and they still haven't had that great family conversation about where everything is, how it's going to pass. So that can be a goal to just have that general sense of awareness of about where your assets are parked, how things are going to go, where the estate documents are.
Speaker 2:You don't have to get down to the nitty gritty numbers and tell your kids this is how much I have in this account and this is how much you and your brother are going to get, but just to have a good family dialogue about it, to break down that generational barrier where I think I'm definitely in that generation where my parents never talked about finances growing up and a lot of people are in that same boat and with our aging parents in their seventies and eighties, we're at that threshold where, like oh gosh, we don't know what's going on. We better figure that out. So I think that's a great goal.
Speaker 1:And while you're doing that, tell your story. How did the money get there? You got to pass that on to the next generation.
Speaker 2:You're right. How did you work hard for that, how did you amass that, what were your tricks and how did you sacrifice?
Speaker 1:If you have $10 million in the bank, there's most likely a story of how it got there. If you started with zero, or if you inherited $10 million and that's what's there, then how did they get the money? And that's how this is all passed down from generation to generation and how, a lot of times, how you live up to that legacy.
Speaker 2:Yes, that's a good point, legacy. If you're living with generational wealth, someone worked really hard to start that business, or whatever it was to generate that wealth, and so you have to focus on that to teach your children, the next generation, that you know it's not easy Going back to the telling a story and a narrative.
Speaker 1:I remember 故unch as a young adult and I don't know how these came up in conversation, but my mom would always say things like you were a perfect child. You were a perfect child, you were a great child.
Speaker 2:Why does that not surprise me?
Speaker 1:And so the part of it, too, is that even through college, you know when you have opportunities to do things that aren't so perfect. I just remember that my head was no, I'm known as this perfect child, so I have to live up these expectations, you know. But when we had our first child, you know there's no two year old, three year old, that's perfect, right. And so I'm like what's wrong with my child? I was a perfect child. Why isn't this a perfect child? What happened?
Speaker 2:to those genes.
Speaker 1:She had to pull me aside and go. You weren't always a perfect child, but it was telling the story that helped me live up to what these expectations are. You know, look, your grandfather was a great business person, your father's great person person, and now you're going to be a great business person, and that right. So that's how generations of people who own businesses a lot of times get passed down is through the storytelling. We have episodes on that too. So I don't want to digress into the importance of telling your family legacy, because that's more of a state planning. But when it comes to setting your own goals, you can always Google this. What are smart goals? Smart, y'all caps. So let's dive into there real quick. It needs to be specific. So you're not going to say, oh, I guess we have to get down the weight track right, because everyone wants to lose weight. So we say you know, I say I want to lose weight in 2024. Okay, that is not a specific goal.
Speaker 2:No, I'm going to be healthy Okay.
Speaker 1:Yeah, what does that mean exactly? Very specific, so I would you know. You would set a goal that says I am going to lose 10 pounds. More specifically, you would say I am going to lose, I'm going to weigh 190 pounds at the end of the year. I'm at 200 now.
Speaker 2:Yes.
Speaker 1:Right, so I'm at 200 pounds, I'm going to lose 10 pounds, I'm going to weigh 190, but it's very specific which year this year, okay, and those weights are random, so anyway. So what that does is it allows you to have a very specific goal that you're focused on, and then what I want you to do is take that goal and put it somewhere where you see it on a daily basis.
Speaker 1:Yes, that's the key Our company goals sit on a board in front of my office and in the off chance that I glance up going, okay, what should I work on? Next? I look up there and I see those goals and if those goals are lagging, then my mind automatically goes to okay, what it is? What is it that I need to do to be able to do that? I can't remember his name, but the chicken soup for the sole author.
Speaker 1:Oh yeah, he's written only 50 books. That's something crazy, but he taped to the ceiling of his room that he was going to make $100,000 in one year and at the time he'd never made more than eight thousand His books. Yes, so he was looking up there and every morning he'd wake up and he'd see 100,000. And I think within the next year he had made like 98,000 or something like that. And then his wife said to him well, once you tape a million dollars up there and now he makes well obviously, well over a million dollars selling, selling the books.
Speaker 1:It's like 50 million copies or something crazy. But it all started with visualizing that goal and seeing that goal. Other successful people have have storyboards, so they're writing down what it is that they want they see themselves in the future looking like. Okay, and this is a dork alert, by the way, but I went. I went to college. I went more dressed up than the other kids because I wanted to be a certain thing I want to dress the part when Wiser was a teeny, teeny, tiny company.
Speaker 1:I didn't want to take a group picture of our team with two people, so I pulled in our closest partners, our CPA and our and our attorney and maybe one or two other partners we had at the time, but they were in the group photo, because that's the image that I was looking for as a new upstart company.
Speaker 1:So it's it's setting that image of what is it you want to look like in the future. So maybe it's a, it's a picture of you in the past that you say I want to go back to that, or maybe it's just a number, or maybe it's a dollar amount that you want to make this year or the relationships that you want to touch this year. You have to visualize that, to be very specific about what your goal is. Next thing has to be measurable. So in our weight loss example, that's pretty simple to measure a goal. You're going to stand on a scale.
Speaker 2:Yeah, exactly.
Speaker 1:Pretty straightforward.
Speaker 2:Right, maybe you're going to learn Italian and you're going to listen to your you know audio book or whatever it is, for an hour every day, yep, for however many weeks until you're fluent, but measure.
Speaker 1:So again, when do you take that measurement? And you track your progress and say how am I doing? You know the the school fundraisers are really good at that. You drive through Carpool and they have the thermometer and say this is where we are, this is where we are Right. So so you do the same thing.
Speaker 1:I tell young people who are struggling with debt when they sit in with me. I said, look, you guys have to get kind of silly about this. But I mean, you probably don't want your friends to say, hey, we got $8,000 in credit card debt on the refrigerator. But you know, in your closet or wherever someplace you're in every day you, you build this thermometer and every time you pay off something you put an X and and you make a big deal about it. But you have to measure your, your goal achievable. So that's the S M, a, as we're in the A, achievable goal. So you can say we are going to grow wiser wealth management by a billion dollars in assets under management this year. That sounds like a great goal, but I that's probably not realistic without, without an acquisition.
Speaker 3:Yeah. And I have no acquisitions in my back pocket.
Speaker 1:So so you have to make sure that they're achievable, attainable, and that you have the skills and resources needed to reach the goal Right? You know, if you weigh a thousand pounds, is that possible? 800 pounds, if you weigh 800 pounds and you want to weigh 160 in the year, that's probably not achievable.
Speaker 2:No, no right medically.
Speaker 1:I don't think that's achievable. So so, yeah, you have to be realistic about your goals. You know I struggle with that because you know we can, we can. We've set goals here at this company in the past where I felt like, you know, it's kind of a chip shot. Yeah, it's just an easy little, easy little shot, right.
Speaker 2:Yeah.
Speaker 1:And it's like. It's like we meet our goals. You know, I rather set a goal. That's a little out there, and if you're a little short of it, then you still had a pretty good year.
Speaker 2:Okay, yeah, uh-huh, you feel okay.
Speaker 1:So maybe think about that in your goal setting is maybe set something that is just on the other side you have to really work a little to get it, but if you fall short or still, okay.
Speaker 2:Yeah, you don't want to lay up every time, no.
Speaker 1:No Relevant. So you want to align your goal with your overall objectives in your life.
Speaker 2:Yeah, not just what other people think you should do. You should want the goal.
Speaker 1:Correct, absolutely.
Speaker 4:Are you curious why annuities keep coming up as a potential investment option? People are often told that annuities can effectively mitigate investment risks and help secure their financial future. However, annuities often benefit the salesperson. It might not be the best choice for you as a consumer to learn more about the various types of annuities, the negatives of owning them and better investment alternatives. We have a free ebook on our website just for you. To download our ebook Fire beware. Why do they keep trying to sell you that annuity? Simply click the link in the episode notes or visit wiser investorcom slash guides. Now let's get back to the episode.
Speaker 1:And then time based. That's the T. So give yourselfa deadline that does provide some sense of urgency. You can't say I'm going to lose 10 pounds in the next couple of years.
Speaker 2:Yeah.
Speaker 1:Yeah, there's a deadline.
Speaker 2:I'm going to do that.
Speaker 1:So how you would write it out is you're going to lose 10 pounds by 12 31 2024. So there's a, there's a timeline. It's measurable, right.
Speaker 2:Yeah.
Speaker 1:And it's realistic, it's achievable. That's probably. 10 pounds in one year is probably too easy of a goal, but you get my point.
Speaker 2:Yeah, you might even break it up to smaller milestones along the way which is a great transition to talk about that.
Speaker 1:So a couple of things, that I guess we get a little more advanced goal setting. So I know last year we talked a lot about smart in the last podcast about a year ago. But I want to talk to you a little about business goal setting and or career goal setting. And there's there's really two books. The first one I'll talk about is the four disciplines of execution, the 4dx process. We'll link to this in our in our podcast show notes so you can go directly to it. But in summary, this was the number one business seller in the Wall Street Journal, but it was basically you're going to set these widely important goals out into the future. These the wig. The wig is the widely important, important goals.
Speaker 1:So you're setting these big goals out into the future and then you're basically going to have leading indicators and lagging indicators. So a leading indicator, so for us, we want to grow in the assets that we manage as a firm and the families that we serve. So a lagging indicator is how many families are we serving and what assets are we managing?
Speaker 2:Right, right.
Speaker 1:The leading indicator is the number of prospects that have we have coming into our firm. So the number of prospects that we have increases. We have a pretty good chance of increasing this lagging indicator. Yeah, where you just always looking back? How do you, how do you change those numbers? So you in the in review these things on a weekly basis inside your team. So if you want to dive more into that, read the four disciplines of execution.
Speaker 1:It really changed how we set our goals as a company and if you're a department head, for instance, you can you could execute this in your department. It doesn't have to be for the whole goal. In fact, they go into that. You have your company goals, then you have your departmental goals that sit around the company goal and how you measure those goals and then you review them weekly. Now, that was. That was a very good guideline for us.
Speaker 1:How I set company goals is I have a 10 year vision. So I know where I want to be in 10 years, ideally and it's a crazy goal, big goal and how we get back to reversing this is where do I want to be in three years? Yeah, okay, that seems more obtainable. And then where do I need to do this next year to achieve the three-year goal. Then what rocks? They call them rocks. I'm referencing now a book called Traction, which is part of the EOS book series. But Traction, in fact, I would have probably written a business book by now if I knew you could write a business book that referenced other business books.
Speaker 3:Oh really, they all just referenced one another.
Speaker 1:That's all Traction does. I was like man. I could have written this book, because it references four disciplines of execution, but they call them rocks. These are the things that you have to be able to move in order to achieve your one-year goal, and so for us, two years ago, I was like man. We want to grow our firm by $80 million in assets under management, but for us, we had some limitations in our portfolio accounting software. So one of our rocks is we had to transition out of one system into another system, which is very, very difficult.
Speaker 2:That's a big deal for a wealth management firm.
Speaker 1:Absolutely. We had to change some other things that had to get, that had to move. We had to get the right people on the bus. That was another huge one was like man I don't know if I have the right talent here to be able to execute those goals. We had to start making some changes and in the end we got those rocks moved. Now the rocks are more like three months or so and then inside that you have your weekly OK, how, what am I doing to move these rocks? So the weekly stuff is OK. We need to go and interview different portfolio accounting salespeople and then we need to figure out which ones we want to demo and then next week we need to perform the demo and see how it works, and then eventually those become we need to start doing the transition and we need to negotiate the rate, and all these things are the weekly things you have to do to move that rock out of the way.
Speaker 2:And then all the tasks that move rocks.
Speaker 1:Yes, yes, correct, and that's what would pop up in our weekly meetings. And for us now it's really more of OK, we're meeting with 10 prospects a week. We have what? Four to six new plans that we execute every single week. So for us, it's more about process and efficiency right now. So what is our capacity? How can we measure these different things to see what our capacity is? How do we find other people to get on the bus? Exactly that aren't scared to work.
Speaker 2:Right and not lose the wiser personal touch that we've created Absolutely and make every family feel that same, you know personal level.
Speaker 1:You can grow yourself out of business.
Speaker 2:That's the worry. Yeah, so that's what we're always cognizant of.
Speaker 1:So one of the things that I've been focusing on this last year has been how do I get people on the bus that actually care about the people that are here, not their coworkers, I mean, that's important, but the clients. Yeah, it's huge, and for me that wasn't a one. I mean, that was a one week idea but it's turned into maybe two years worth of trying to find the formula. I think we finally, I think we found the formula.
Speaker 2:Yeah, you're right, because empathy is something that you can't teach someone Correct. You either have it or you don't.
Speaker 1:Yeah, yeah, it's amazing. You know, go through the interview process. There's some really good technicians that are good at financial planning, but they don't care about you. They care about the almighty dollar. Yes, and ultimately that's going to shine through when it comes down to doing the right thing versus doing something for the dollar. So you there's some interview questions you have to ask to figure that out.
Speaker 2:Yeah, even on the fee only side, where everything we do is for the client and the client's needs are always first, because at Wiser obviously we don't sell anything, so there's no danger of us ever doing anything that wouldn't be in the client's best interest. But I feel like there's personalities that could go either way and you always want someone on your team and that's going to have that personal like investment in you as a client and I feel like that's the team that we've built at Wiser now and everybody has your back and everybody truly cares about you as a person, and so that's kind of been the focus or the goal, like you said, in building out the team.
Speaker 1:And I will say this the group, we have a mission, we're all here on a mission, but I think shortly after you started I realized that you know we may not have our own personal mission. A personal mission should align with your company somewhat, but you can still have other things that aren't related to work, obviously. So we all write a book together and this is another book we can link into you remember Hero and a Mission.
Speaker 2:Yes so.
Speaker 1:Hero and a Mission is by Donald Miller. We love everything that, most things that Donald Miller does. I can't say everything because I haven't been as connected with him in the last year, but the Hero and the Mission book I think would be great for someone a family, husband, wife to read. If you don't feel like that you have a purpose or a mission, because it's kind of weird, but Don has set up a system where he's already written his obituary and he reads that on a morning by morning basis to remind him on what's important to him and he accomplished it, to achieve those things that he wants on his obituary.
Speaker 2:To be remembered.
Speaker 1:To be remembered by.
Speaker 2:And you know, Casey, that's really ironic.
Speaker 2:but about maybe 15 years or so ago I had a client of mine that was a brand new client and his method of introducing himself to me was to send me his obituary that he had written, and it was just like Donald Miller, because that's how he wanted to be remembered and he thought that was a great way for me to learn about him and his life and what he was all about and how he focused on you know his family and that would help me understand how his family wanted to manage money and I thought that was great, but that's the only time I've had that.
Speaker 1:It's very different. It's very different. I think I go back to you. Know, Alexa, here in the office will no-transcript occasionally remind me of what I need to be doing.
Speaker 1:I just remember I was with my son in Chicago for a really big golf tournament and he didn't do so well and we ended up with like an extra night there. But anyway, I had taken tons of work with me and I remember texting her and said well, I'm gonna plan on knocking out all these things in the next few hours if Ethan doesn't stop bothering me about going to a White Sox game. And he went to go to a White Sox game because the Cubs were in town, cause every time I tell a story, people go why won't you go to a White Sox game by?
Speaker 1:the way you can sit behind home plate for 200 bucks. That was great. It's good experience. But her response text to me was not like okay good. Her response was if you were 80 years old, looking back, do you wish you would have gone to the game with your son or do you wish that you would have done the work?
Speaker 2:Yeah, really Casey.
Speaker 1:We went to the game.
Speaker 2:Good dadding.
Speaker 1:So that. But it takes a good team right, even your work team, to remind you of the things you gotta be doing, and I did get the work done later.
Speaker 2:Yeah, see, after the game I woke up the next morning and knocked it out.
Speaker 1:Yeah. So yes, if you feel like you're struggling and you don't know what goals to set for this year or what, maybe your mission and purpose is. Hero on a Mission is a great exercise to go through. We'll link that in our show notes below. And then you know, I've always lived my life setting goals, and one thing I'm really bad at is celebrating the goals, despite all the cake we have around here.
Speaker 2:I was just about to say just get a cake.
Speaker 1:I know, despite all the cake we have around here, I love so many everybody else's goals. I don't know if I celebrate my goals.
Speaker 2:You're right.
Speaker 1:I just kind of keep moving on, but.
Speaker 2:But I think for those people that aren't normal goal setters, like it doesn't have to be fancy or elaborate to start with I mean get an index card or just like a random piece of paper and just start with some basics.
Speaker 1:Correct, I just go back to. May things happen.
Speaker 2:Thank you yeah.
Speaker 1:Things happen. Stop complaining about the circumstances. Or your parents did this to you and you're traumatized, or you know the boss just won't recognize you, or you hate this job, or traffic's bad, or yeah. All the things that we negative things that we can come up with, is the why the world is not moving the way we want it to the bottom line is you have to fight for that. It's not given to you.
Speaker 2:No.
Speaker 1:You have to go fight for it. You know every success story that I know has underneath the success is rejection. Hard, hard work hours, just a lot of grit.
Speaker 2:Yeah, it's not this golden shiny light coming down on these people.
Speaker 1:Correct.
Speaker 2:That's like what you think is their life. But it's really not like that. Like these people have taken the time. That's the other excuse that like just does not sit well when my kids say, oh, mom, I didn't have time to do that.
Speaker 1:Right.
Speaker 2:You can find 15 minutes to set some goals.
Speaker 1:Right.
Speaker 2:Otherwise, yeah, there's really no hope.
Speaker 1:Yeah, I described it to someone like this. Sometimes they were complimenting me on our firm and how they would love to have a firm like this. And I explained to him like this, it's like writing a lion. They're like, well, what do you mean? And I said, well, from your standpoint, you're looking at me, going, oh my gosh, he's built something incredible, he's writing a lion, and the whole time I'm sitting on the lion, going, oh my gosh, I'm writing a lion, like, how do I get here? How do I not get eaten by this thing? Right, how do I carefully navigate that? I don't get chewed up, you know.
Speaker 1:And so that's what success feels like. And then you know you're the person writing the lion, but you understand that the responsibility that comes with that and what you have to do to move forward to benefit everybody. And so it's. You know, when you're setting goals, don't be afraid to put something crazy out there. But just because you talk about it you know I hate people say, well, you know, the universe just likes me, or the universe, the universe is taking care of me today, and that's so stupid. But the bottom line is is that you can. You can change your trajectory, you can change your destination. It doesn't mean it's going to be easy. It doesn't mean it's going to come without sacrifice.
Speaker 2:Oh yeah.
Speaker 1:You know we profiled him a couple of episodes ago, orrin Chick-Mate Hudson. You know, man, what a great example he's teaching these intercity kids about how to play chess from a life movement standpoint that you know, make every move count Right.
Speaker 2:That's great. Yeah, every move you make, every move count.
Speaker 1:Make your next move, your best move, right. All the things that he says, which he's such a positive thinker and positive person and he's helped so many kids have a different trajectory that's awesome. So I just that's my encouragement as you're starting off this year is think, think positively. Think about where. How do you want to end the year, how do you want to change a situation in your life? Set the goal to do that and then figure out, step by step, what you're going to do.
Speaker 2:Yes.
Speaker 1:If it's a business goal, there's going to be sacrifices. There could be lost family time, there's going to be lost friendships, there's going to be movies that you didn't, or movies that you didn't get to watch, or TV series that you know nothing about. I haven't yet to watch one Yellowstone episode. I don't have time for that, you know I actually I was out in, I was out in Seattle with with William visiting with some, with some clients, and you know he asked me if I was going to watch a movie on the plane and I looked at him and I said no, I said I can't watch a movie without feeling guilty.
Speaker 2:Yeah, there's too much other things out there, I'm reading the book right now.
Speaker 1:10X is easier than 2X. It's all business books, right, but this is what I live for, this is this is this is what excites me, other than airplanes. But it's you, just. You just have to. You have to decide what it is that you want to achieve. Not everyone needs to be a business owner.
Speaker 2:No.
Speaker 1:But. But. Even if you're a key employee or just an employee, you can still set goals of what you want to accomplish.
Speaker 2:Every person needs goals, like our kids have goals.
Speaker 1:Right, exactly, exactly so, in that that's a good reminder. You know it's about time I'll be sitting down with both of my children, while older's too, and going hey, we spent a lot of resources on golf and horses. So what are your, what are your goals this year? And let's write those down where you want to be on 1231 and then let's reverse that and how are you going to accomplish that on a monthly basis and then eventually down to the daily basis? And my oldest dude, they, I think they're. You know, hats off to them, but they're. They're good at it because they, they, they do that. Man, they're grinding away. Kate's out there grinding away every three to five hours a day. Ethan's Ethan's three to four hours a day.
Speaker 2:Wow.
Speaker 1:All right. Hope this didn't come off as a as a lecture.
Speaker 2:I wanted to be encouraging and that's the takeaway that goals are not supposed to be punitive Because they're supposed to lift you up and get you to where you want to be.
Speaker 1:Absolutely, absolutely All right. Um, thanks for listening to today's episode. If you're seeing learning more about Wiser Wealth Management, I want to schedule a consultation to meet with one of our fiduciary financial advisors. You can do so by going to wisereinvestorcom or you can click the link in the episode notes. Thanks, guys. Happy new year.
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