As an investor and an entrepreneur you have to set goals, but what a lot of investors don't do is to set high enough goals for themselves.
Then continue to do so consistently.
It sounds pretty straightforward, but believe it or not, there really is a lot of truth to this mistake.
I strongly believe that if you're not growing in your business, then you're not growing, and you're dying.
And it might be a cliche, but I believe it to be 100% true.
And this kind of goes back to one of the earlier mistakes that we talked about, about continuing to get an education and constantly learning about your business.
So, it's a little bit of one and the same here, but you have to set high goals.
You have to set high expectations of yourself.
Unless you want to be a mediocre, average Joe investor, that's fine.
If that's what you want to do, then I'm happy for you.
But me personally, I'm always wanting to get to the next level, no matter what level I'm currently experiencing.
And I firmly believe you have to set goals for yourself, you have to have a goal mindset.
But not only do you have to have a goal mindset, I believe that even more important than that, you have to have what I call a growth mindset.
Setting goals is one thing.
And the problem with setting goals is what happens to a lot of people is once they reach those goals they kind of flatten out, they kind of get stuck.
Because if your goal oriented then you'll probably reach your goals once they are set and you work hard enough.
Once people reach their goals, however, they kind of go into a rut.
Yes, achieving some goals is tough work and sometimes after you've done the tough work, you aren't ready to tackle higher goals and work hard again, or even harder to get to the next level.
This is where some investors plateau.
And goals are good and having targets and setting objectives to reach for.
Those are great things to have.
But the problem with goals, like I just said, is you start to flatten out once you get there.
So, what's next? Well, obviously, you need to set more goals.
So, above having a goal mindset and setting high goals, you also have to have a growth mindset.
You have to want to constantly be growing yourself, constantly be learning, constantly be trying new things, constantly be expanding your business, your mind, your bank account, everything.
So, set your goals, but even more important than that, have a growth mindset.
Don't get me wrong, sometimes keeping the machine going is rough and it's okay to maintain for a little bit, but if you stay stuck in that mindset then you're dooming yourself.
You must make new goals and be committed to go after them.
Make sure you set your goals high and make sure you always continue to grow your business and you will reach tremendous levels of success so that you can pass on a legacy for generations to come.