1 of 6

2 of 6

  • I want to be a veterinarian.
  • I want to have a lake house.
  • I want to be married.
  • I would like to vacation in Norway.
  • I want to be debt-free.
  • I want to own a cattle and horse ranch.

3 of 6

S. - specific

M. - measurable

A. - attainable

R. - realistic

T. - time bound

state exactly what is to be done

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include how the goal can be measured

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determine steps to reach the goal

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do not set goals for something unrealistic

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state when the goal will be met

4 of 6

Goal: I want to be a veterinarian.

SMART Goal: I want to be a veterinarian with my own vet clinic, earning $75,000 a year by graduating from Purdue University in four years with a doctorate in Veterinary Medicine.

S - own my own vet clinic

M - $75,000 annual salary

A - graduate from Purdue University with a doctorate in Veterinary Medicine

R - yes

T - four years

5 of 6

Goal: I want to have a lake house.

SMART Goal: I want to have a 2,000 sq. ft. lake house on Lake Freeman by the time I’m 30 by saving $250,000.

S - on Lake Freeman

M - 2,000 sq. ft.

A - save $250,000

R - yes

T - by the time I’m 30

6 of 6

Goal: I want to be debt-free

SMART Goal: I want my personal and business finances to be debt-free by the time I’m 45 years old by saving as much money as possible, using a debit card, and paying off my student loans as soon as possible.

S - I want my personal finances and business finances to be debt-free

M - $0 debt

A - saving as much money as possible, using a debit card, and paying off student loans as soon as possible

R - yes

T - 45 years old