Goal setting using SMART goal setting tools

By Dennis76 | Looking after yourself | 8 Jun 2020

How many people set resolutions for the New Year? How many of those last past January? Let me know in the comments :)

So if we wished to set some goals, and then achieve those goals, how and where should we start? Many people want to get rich, or become famous or make lots of money. For example, I want to win a gold medal or I want to buy lots of Bitcoin.

However, those goals are not detailed or specific. This is where SMART goal setting is a very useful tool. SMART is an acronym standing for:

  • S - Specific
  • M - Measurable
  • A - Attainable
  • R - Relevant
  • T - Time Bound


For a goal to be able to be achieved it must be specific. It must have sufficient detail to allow the goal setter to ensure they can achieve it. For example, I want to be rich. This is not specific or detailed. I want to be a millionaire is more specific and detailed.


For a goal to be achieved, you need to be able to measure your progress. For example,  I want to be a millionaire. You can measure your progress against the million dollars. If you have 100,000 dollars then you are 10% towards your goal and going well.


It needs to be realistic. If you want to be a millionaire by tomorrow it is probably not realistic nor attainable. You are setting yourself up to fail. However, if you say you wish to be a millionaire in ten years, you are being more reasonable with yourself and increasing the chances you will succeed.


Make sure your goal is relevant to you, something that you want. If for example, you set a goal to become a ballerina, yet you are not interested then once again, it is unlikely you will succeed. If however, you set a goal that you want and is relevant to your circumstances, then you are setting yourself up for success.

Time Bound

All successful goals have a timeframe. A realistic and reasonable timeframe. For example, setting a goal to be a millionaire tomorrow will not have a high chance of success, whereas a goal of ten years is much more likely to be successful.

So what are your goals for the rest of 2020? Do they meet the SMART goal setting criteria? For example, I want to learn more about bitcoin and staking by the end of July. What are your goals for crypto for the rest of 2020? Let me know in the comments below.

You can set goals in all aspects of your life from health, fitness and diet, through to relationships, family, business, career and mental health. Where will you start with your goals?



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Pretty new to crypto.

Looking after yourself
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