Blog

Feb 26

Accountability - key to achieving your cash flow goal

Posted by Peter Marmara-Stewart at Tuesday, February 26, 2019

A key to creating a budget is to have a goal that you want to achieve; but how hard is it to achieve your goals?

Well according to research, without outside assistance, it is very difficult to achieve your goals. There is nothing wrong with asking for help. The people who are the best in the world at what they do ask for help - by hiring Coaches and Trainers. So, why should you be any different for needing help?

The American Society of Training and Development (ASTD) conducted a study on Accountability, and have provided the following statistics:

The probability of completing a goal if:
• You have an idea or a goal: 10%
• You consciously decide you will do it: 25%
• You decide when you will do it: 40%
• You plan how you will do it: 50%
• You commit to someone you will do it: 65%
• You have a specific accountability appointment with a person you have committed to: 95%

So, here you can see that just having a goal is not enough. If you want to achieve a goal that you need to budget for, it is important that you plan how you intend to do it, and have some accountability in place to help you achieve it. So, if you are serious about achieving your goals, what is stopping you from getting the assistance you need?

As part of our Cashflow Budgeting Service, we can help you create goals and keep you accountable to them. No matter what you decide to do, make sure that you create some accountability to achieve your goals.

Feb 06

Cashflow Management

Posted by Peter Marmara-Stewart at Wednesday, February 06, 2019

Everyone knows that they should be budgeting and managing their cash, but how many of us actually do it?

There is a lot of power to be gained over your financial future, by preparing and taking control of your budget. Better yet, if you start comparing your budget to your actual expenditure, you will get to know yourself better, and be able to make more educated and beneficial changes for your future.

A lot of us may have had some goals for 2019 that have already fallen by the way side, but all of us should have some financial goals. Did you know that just by having a goal, the probability of achieving that goal is only 10%? However, if you commit to someone that you will achieve your goal, you can increase that probability to 65%. Even better, if you have a specific Accountability appointment with a person you have committed to, you can increase it to 95%.

We want to help You, our Clients, succeed and achieve financial freedom. The first step is to ensure that you fully understand your budget. That is why we are doing this series to help you take control of your budget.
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