Personal Finance Management Support App FIN X.0
Unparalled development and building exclusively by Sang Le
Unparalled development and building exclusively by Sang Le
Have you ever encountered this situation in your life: You clearly identified the goal you want to achieve and do what you can to make it a reality,
yet, somehow, you keep sliding around in confusion, feeling helpless, lacking confidence, and eventually giving up. How many times have you given up on your plan?
Sang asked himself this question too. And Sang found the answer, even a formula, so that from now on you never give up.
If you come this far along with Sang, you probably understand that Actions are important to fulfill the dream, but outcome is even more important.
No matter what happens, you never forget the final goal.
X (Action) = Y (Why)
You always remember: Action = Why - what you want to achieve determines your action. When you have enough why, the action comes to you. You will try harder automatically and the motivation will be there to stay.
So what is a big enough reason? What kind of goal will keep you motivated?
Sang has researched, explored and finally concluded that: The specificity of the goal will determine your motivation and action. In other words, sometimes you give up not because your goal is too small, but because it is too ambiguous. You need to make it a number- something that you can measure and break down.
That is also the secret of success of self-made millionaires. No one succeeds until their vision is crystal clear. Only when there is a specific goal, only when they know exactly what they are fighting for, can they create a relentless environment for themselves.
You will never be discouraged when you know where you have gotten enough, when you have a tight control of your working hours, when you can quantify every minute of your work into money. We are not afraid of effort, we are afraid that we do not know how much effort is enough. So to increase your motivation, so that you will never give up again, you must have a specific goal and if possible, express it as number.
Let's take a simple example you can apply:
Let's say you have set a goal to make 10 million VND/month. Is this number specific enough to strive for? Not yet. You need to break down the 10 million into days.
Let's say you have 4 days off/month, so you have 26 working days. In that case, you have to make at least 385.000 VND/day. Is that number specific enough? Still not. You need to break it down further.
Let's say you work 8 hours/day, so you have to make 48.000 VND/hour to make 10 million/month.
But you won't be able to focus on work for 8 hours straight. In that case, you have to make more than 48.000 VND/hour to make sure your income goals are met. For example, 48.000 VND x 3, so you have to make 145.000 VND/hour.
Why is Sang multiplying by 3? When you set a higher goal per day, per hour, your final goal will always be within reach. Life contains variables. By setting a higher goal, the overall outcome will be less affected by those variables.
So now you know you need to make 145.000 VND/hour to reach your goal. A very specific number. When you look at this number, you know exactly what you need to do. This is when you start looking for jobs and fields that can help you make 145.000 VND/hour. Along with that, you can also learn new skills, skills the 4.0 era companies need such as marketing, building a marketing funnel, etc.
The rule is: When you have a specific goal, you will immediately know what you need to do.
Sang had a friend who was a CEO and he came to Sang and said he really want for a grand wedding ceremony, but he didn't know where to start and how much effort he has to put in to turn his dream wedding into reality.
Sang's advice to the CEO was: First, he had to figure out the total cost of the dream wedding, from start to finish, how much was it. ** You have to look straight into your goals, be ready to face even the overwhelming numbers that scare you. If you are unsure of what you want to achieve, you will never get there**. Listening to Sang, he followed through and when they met again, he told Sang: "Now I understand why you said that to me".
Having a number like that, you can review it every day, every week, every month. You have the signal that you are getting closer to your goals. After organizing the wedding, Sang’s CEO friend was very confident to tell Sang that the dream wedding will become reality. With a number to control, he didn't have to worry anymore and he had more time for himself and his family.
The Eskimos have a phrase: "Storm is the right time to go fishing". With all activities in the real-world seem to be on hold due to the COVID, this is the time for you to step up. Make use of this time to learn and develop your skills. Make your goals specific so that you can easily achieve them. When everything comes back to normal, you will see that you have gone a long way compared to your competition.
To help you set goals, make the goals specific and review every day, Sang has developed a financial tool called Financial Calculator. This tool will accompany you on the journey to accomplish your goal. Sang has guided many people to follow this formula and everyone has succeeded.
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