Today, I want to shed some light on setting and achieving (financial) goals.
While sites like Tilt, Kickstarter and Gofundme are doing great, I have since discovered that everyone on earth has a financial project they are working at achieving at every point in time in life, and they could use a little help. That is what Credicoins is about. But I have concentrated (our model) on the developing world/economies because of the extent of poverty here.
While sites like Tilt, Kickstarter and Gofundme are doing great, I have since discovered that everyone on earth has a financial project they are working at achieving at every point in time in life, and they could use a little help. That is what Credicoins is about. But I have concentrated (our model) on the developing world/economies because of the extent of poverty here.
Another
site that is similar to our model of goal setting is Stickk created by Yale Economics Professor Dean Karlan. He tells the story of how the
site was founded after he and Ian Ayres, his friend and co-founder made a financial commitment to give up half of their salaries ($1000 weekly) to any charity of the other's choice if they do not achieve their set goal. He did shed off 38 pounds (about 17kg) weekly. Interesting isn't it?
Today the stats on the site reads:
$22,135,062
279,877
731,201
12,569,560
Not bad! You can check out this entrepreneur article for 5 other similar goals-setting sites/apps, this, and this too.
I still have my 3-year goal to become a (certified) PF expert
I
started learning accountancy recently partly because of my 3-year mid term goal to
become one of Nigeria’s leading personal finance experts. I don’t have to, but I think I can. Dr Ben Carson, the current Republican presidential candidate
continues to inspire me. He not only dreams big and sets big goals, he pursues
them. And I believe he will make a great president if he is elected. You sure can,
if you think you can.
What
is crowdfunding?
In
my series on 40 different ways to make money online (which I must confess I
have put on hold due to reasons I have mentioned here), I was going to show you
how you can make money from crowd sourcing/funding.
Crowdfunding
is so popular today that some experts say that venture capitalism will giveway eventually to crowdfunding.
If you have a project but lack adequate funds, or you want to raise funds for someone indigent, the sites above can really help you. We aim for Credicoins to help do this for the developing world when we take off, though we have put a different twist/model to ours. Ours looks at collaboration from the cooperative angle –which isn’t anything new in Africa- with the hope that we can make it fun for ‘poor people’ to also join the collaborative crowdfunding global community, actively.
This cooler raised $13 million on kickstarter when it only wanted $50,000!
If you have a project but lack adequate funds, or you want to raise funds for someone indigent, the sites above can really help you. We aim for Credicoins to help do this for the developing world when we take off, though we have put a different twist/model to ours. Ours looks at collaboration from the cooperative angle –which isn’t anything new in Africa- with the hope that we can make it fun for ‘poor people’ to also join the collaborative crowdfunding global community, actively.
This cooler raised $13 million on kickstarter when it only wanted $50,000!
All
goals are financial, even the non-financial ones
...so
goals must have a budget.
You
must have heard that goals must be SMART, i.e specific, measurable, achievable,
realistic and time-bound. That is very true.
However,
I add this- ALL GOALS MUST HAVE A BUDGET!
While
it isn’t all our goals that are financial, every goal will eventually involve
money somewhere along the line, and that makes it tricky when you refer to all
goals as financial goals.
For
example, a non-financial goal such as learning the guitar might require you to
buy a new guitar, and/or employ a teacher. If you decide to go online to learn
for ‘free’, you need to pay for internet connection (I am talking about
Africa). So one way or the other, goals cross the financial line and you should
be a good financial steward else you might not achieve your non-financial goals.
Budgeting for your goal does not have to be tedious...just setting aside a little sum every month towards achieving it. And remember, where your money is, that is where your heart will be.
Budgeting for your goal does not have to be tedious...just setting aside a little sum every month towards achieving it. And remember, where your money is, that is where your heart will be.
Set
(financial) goals for your relationship and family, or you risk financial
divorce
Honestly,
I believe it is a sin for any couple not to set financial goals together for
their marriage/relationship. That is tantamount to setting up yourselves for
financial divorce (divorce before the main divorce). Like I have just shown above, even
non-financial goals qualify.
I
have shown here on this blog that money is the #1 cause of marital distress (and even divorce worldwide), it behoves
us to protect our relationships by being good financial stewards. And that
starts from setting financial goals which we can then work together at achieving.
It
does not have to be very big goals – start with anything, no matter how small.
This will help bring you closer together and can even rejuvenate your marriage
if you have not done anything (fun) together in a long while.
For
example, you can raise money for a charity cause; you can help a (different)
orphanage every year; you can volunteer at your local church every weekend
(time is money); or, you can visit a children cancer ward together and grant someone’s
last wish. And you can even start a joint saving account together (if you never
had one), and save towards something you both agree on.
Achieving
your financial goals will be fun with us
We
(Credicoins) hope to bring out the fun in helping people achieve their
financial goals. I hope you will join us when we launch to helping us (help you)
realize and do big things.
To
your success...cheers!
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