Or, the return of Xavier’s car: The 2008 Accord Strikes Back!
Xavier Angel, CFP®, ChFC, CLTC, and Erik Garcia, CFP®, BFA, have a discussion about making and setting goals – particularly, about how sharing those goals can make them easier to achieve! They talk about everything from collaboration to accounting, hard stats to practical advice, Xavier’s car to Erik’s recliner… this episode truly has it all. Erik also reveals that he’ll be out for a bit due to shoulder surgery, so wish our beloved host a speedy convalescence!
- Xavier discusses his decision to publicly announce his goal of not buying a new car until specific financial goals are achieved, in order to hold himself accountable. (2:57)
- Erik explains that sharing goals in a relationship provides support and encouragement, creating a network of mutual motivation. (5:43)
- Erik shares that statistics from the Association of Talent Development show that simply having a goal gives you a 10% chance of completing it, but by creating steps, committing to someone, and having an accountability appointment, your likelihood of success increases to 95%. (8:27)
- Xavier mentions how Erik helped him weigh the pros and cons of buying a new car and how it would impact his goals, while also discussing alternative solutions to achieve his goal of purchasing a car by September 1st. (11:24)
- Erik discusses how surrounding yourself with like-minded business owners can provide collaboration, support, and increased motivation to help you achieve your goals. (17:03)
- Xavier discusses the importance of setting goals and tracking progress through regular check-ins and conversations to stay motivated and on track. (19:54)
- Erik reminds everyone to be careful who you share your goals with, as not everyone will support and motivate you, so choose people who have a vested interest in your success or are professionals in helping you achieve your goals. (22:51)
- “If you’re a business owner, to surround yourself with other like-minded business owners is incredibly helpful to be able to share those goals and those objectives with.” – Erik Garcia, CFP®, BFA
- “One thing that I tell everyone, you have to put it down on paper. You know, put a hard date, what is that date when you want to, that you’re trying to achieve that goal by? Because now it gives us a place to to go towards. But along the way, I have to make sure that I’m sharing it.” – Xavier Angel, CFP®, ChFC, CLTC
- “Be judicious in who you select to share your goals with. But, guys, if there’s anything worth doing, share it with somebody. Pay somebody if you have to work towards that goal because it’s important that we constantly improve and that we get better that we accomplish the things that we deem valuable to us.” – Erik Garcia, CFP®, BFA