Reverse Engineering Your Income Goals
"Decide How Much You Would Need To Make To Live A Life You Love, Then Create a Plan To Hit That Goal."
- Brianna Zajicek
Recently I started feeling some stress around my business income, and setting goals that made sense, inspired me, and met my current life and business stage. My main goal recently has been to focus on my podcast, creating and editing new episodes, and focusing on a launch strategy. As that doesn't directly correlate to income, I've felt a little torn on my income goals and haven't been paying them as much attention.
However, I know that income goals are exciting and important, because without the income I need I can't support my family, my future, or make the impact that I'm looking to make. Because of this I'm always looking to increase my income, so that it's growing as I grow.
So I wanted to set some new goals, and see it all on paper like I've done time and time before. And in the process I recorded a video for you all to watch as I go step by step into reverse engineering my income.
Reverse Engineered Income Goal Setting Process:
1- Decide How Much You Want To Make - A number that feels good to you, excites you, scares you a little, but that you believe is possible.
2- Evaluate Your Current Expenses + Extra Expenses To Live The Life You Love - This includes the expenses for living your current life without financial stress, and this includes a buffer for anything unexpected (good or bad) that may occur, along with new expenses for things that would improve your happiness and quality of life.
3- Understand Your Minimum & Maximum - This is the minimum standard that you set for yourself to earn, and the maximum you think it capable given your existing energy, focus, upcoming launches, etc.
4- Evaluate Your Existing Income - Know how much money you can already count on from all existing sources of income, anything you are confident on happening.
5- Figure Out The Gap - This is the difference between your ideal income range and your existing income, this is the "gap" for which you'll need to figure out new income sources
6- Brainstorm New Income Sources - There's always an infinite number of ways to earn income, so feel free to be creative. If you are feeling stuck you may want to do some meditation, relaxation, creativity sessions to help with bringing in the creative juices, and opening yourself up to the multitude of possibilities that exist.
Tips & Tricks
And if you aren't sure how much you need to make, then check out my article on creating a vision statement for your life, so you can gain some clarity of the kind of life you want to life and how much you'll need.
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