wikiHow Template to Set and Track Life Goals Date: [Enter the date you are making the entry] Objective: [Write your overall objective or goal] Smaller Goals: * [List the smaller goals you have set to achieve your objective] * [Add another smaller goal] * [Add another smaller goal] Action Plan: * [Write the specific actions you will take to achieve each smaller goal] * [Add another action plan item] * [Add another action plan item] Progress: * [Write about your progress toward each smaller goal, including any challenges or setbacks you encountered] * [Add another progress item] * [Add another progress item] Reflection: [Reflect on your progress and what you have learned so far. Consider what adjustments you may need to make to your action plan, and what you will do to continue making progress toward your overall objective.] Remember, tracking your progress is an important part of achieving your goals. By setting smaller goals, creating an action plan, and reflecting on your progress, you can stay motivated and make adjustments as needed to ensure your success. Example: Date: February 14, 2023 Objective: Achieve financial independence by age 50 Smaller Goals: * Save 50% of my income each month * Pay off all consumer debt within 3 years * Invest in a diversified portfolio of stocks and bonds * Purchase a rental property within 5 years * Create a passive income stream from investments Action Plan: * Track all income and expenses using a budgeting app * Prioritize paying off debt with the highest interest rates * Consult with a financial advisor to create an investment strategy * Research real estate markets and identify potential properties * Invest in dividend-paying stocks and bond index funds Progress: * Feb 1: Started tracking income and expenses in the budgeting app. Saved 40% of income. * Feb 5: Paid off a high-interest credit card. Now only have student loans and mortgage. * Feb 10: Consulted with a financial advisor and opened a Roth IRA account. * Feb 14: Researched real estate markets and identified a potential property for purchase. Reflection: I'm making good progress toward achieving my long-term financial goals. It feels good to have paid off a high-interest debt and to be investing in a diversified portfolio of stocks and bonds. I'm excited about the potential to purchase a rental property and create a passive income stream. I'll continue to track my progress and adjust my plan as needed. My next goal is to increase my savings rate to reach my target of saving 50% of my income each month. Page