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Did you set your financial and crypto goals for the new year?

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@behiver
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I was just talking with my brother and he threw a question at me: Did you set your goals for the new year? And I must say that I haven't thought about that specifically even if in my head there were some directions and achievements I should follow. So that gave me the idea to try and envision my financial and crypto goals for the new year. But where do I start? How do I know to translate some realistic goals and push to reach them?

As each of us has different priorities and sources of income, there is no clear pattern that exactly translates in a generic way to set goals for each of us. The retrospective of the previous year is the first thing that can give us some references about our ability to reach specific goals and quantitative targets. Based on this you can anticipate your consistency and yields and size them accordingly considering also the expenses or savings that can impact your account.

Once you review the accomplishments and the goals from the previous year you can predict and try to set new ones for this year. One way of making this easier is to set multiple goals and not rush with only one for the entire year. These can be:

  • short term (1-2 months)
  • medium-term (3-6 months)
  • long-term (6 months - 1 year)

This will help make the goals more realistic and be able to adapt them during the year based on your intermediary milestones. Your efforts going further should not start tomorrow, next week or in the middle of the year, but rather from the moment you draw them. This way these will have an immediate impact and you can start right away the journey and progress for reaching them.

Another thing that I am thinking is useful is to divide and conquer, thus instead of making a heavy overall goal, rather split that into smaller goals. And for me in crypto that translates to having my investments and portfolios split into specific domains: Hive portfolio, Leo Finance portfolio, Play2earn portfolio, DeFi assets or NFTs. Tracking them separately will provide also some good metrics about those that provide higher returns or which require less work effort to reach positive returns. And after you draw the line you can make new plans based on that data.

I wonder what other things you have considered when you've set your goals for 2022. I am still gathering the data from my previous year and plan to set my short, medium, and long-term goals on specific domains. So if there are new factors to be considered, just lay them down.

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