#FinancialGoals2021 Initiative : My Goal Setting

in LeoFinance7 months ago

There is no difference between Winning and Losing by Playing football without Goalposts.

Setting Unspecific, Unrealistic and Uncertain Goals can only be imaginative.

Do not let your bad experiences in the past ruin your dreams for the future.

Today, I want to Share about Financial Goals for Year 2021.
I have learned about FinancialGoal2021 Initiative by reading the Post of @theycallmedan from the post of @leofinance.

So, I decided to participate this challenge.
Firstly, I translated @theycallmedan ' s FinancialGoals2021 Initiative Post from English to my native language Burmese and posted this blog .

If we want to actually achieve our goals, we will set SMART Goal and do it practically.

Let me first introduce my occupation for Expenses of Livelihood.
I am a shopkeeper who runs a small pharmacy in a village.
I am also the salesperson at my pharmacy.
My monthly income is over 200,000 Kyats, so it will be close to $ 200 in USD.
I have a wife and a son.
My wife is a junior government clerk, so she has her own income.
At the moment, our family is made up of ordinary people who cannot live together because of job.
Our family income is a little more than enough to live on. So we are saving Money for the future.

2020 is the year of the Covid-19 pandemic, which has affected almost the entire world, including ours, Myanmar.
As a result, my income was not as good as in 2019.
One good out of the bads is that I found LeoFinance and HIVE Decentralized Blockchain at the end of November,2020.

I will not use Crypto Assets obtained from LeoFinance and HIVE Blockchain for immediate living.
My Activities on LeoFinance and HIVE Blockchain is only for FUTURE Financial Goals.

Therefore, I will prioritize my Financial Goals for Year 2021 as LEO and HIVE goals.
Image source

I will present my FinancialGoals2021, by using SMART Goal as the answering the four questions of Theycallmedan.


Which is going to be your investment strategy for 2021?

As an ordinary person, I did not have a huge investment strategy.
I exclude Money separately as expenses from my daily income and save extra Money daily.
When these saving Money will increase, I will expand my job for self-employment or a small business enterprise.
Here I would like to make a rough distinction between rich and poor.
If your income exceeds your expenses, you will become rich. If your expenditure exceeds income, you will be poor.
So, my investment strategy is to make more money than my expenses.


Do you have any specific assets that you want to invest in?

I have a business and a Blockchain I want to invest in.
These are Production and Distribution of Healthy Foods and HIVE Decentralized Blockchain.
I want to invest my assets in HIVE Blockchain and be a pioneer for our young people in Myanmar.

But, I do not currently have a lot of money to invest in specific assets.


Preferred Investment? Crypto, Real State, Commodities, Stocks?

I had to interest to invest in real estate and stocks just because I heard so little.
But, we are lagging behind in Myanmar's economic growth and I unable to do those due to my lack of Money, Real estate and expertise to invest.
I prefer the groceries industry in Commodities.
Now, with the advent of financial evolution and the advancement of technology, I have become a favorite to invest in Crypto.
Because of, investing in Crypto can be done anytime, anywhere.

I am still investing my relax or extra time in Crypto.


Do you have a plan or a set of goals on how to use and grow your stake?

So, let's just talk about Crypto.
It's about LEO And HIVE.
Yes, I had a financial goal for 2021 at LEO and HIVE.
These goals are summarized in Happy New Year Speech And Goal Post .

My FinancialGoals2021 is to gain
LEO Power 5000 and HIVE Power 5000 in my wallet by the end of 2021.

*Specific (S) - LEO Power 5000 and HIVE Power 5000

Measureable (M) - LP 5000 and HP 5000 are measurable quantities.

Achievable (A) - I have more than two months experience on LeoFinance and HIVE Blockchain.
During those two months, I received LEO 620 and HIVE 250 as Earning Rewards.
I now have over 1000 LEO Power and over 1000 HIVE Power in my wallet.

So, if I get LEO 330 and HIVE 330 a month, at the end of the next 12 months my goals are to get what I can achieve.

Realistic (R) - My goal now is logical.

Time (T) - A goal with a specific time limit set for the end of the year 2021.*

So, my FinancialGoals2021 is sure to succeed.

My plans which I will do to achieve this goals:

  • I will write and post a good blog on the HIVE Blockchain daily.
  • These blogs must have more than 20 posts per month about Crypto and Finance.
  • I will try to access many various communities.
  • I will do to Respect each other and Increase friendships.
  • Therefore, I must be able to read my friends' posts and make 300 comments per month.
  • LEO and HIVE Rewards will be traded and stacked as appropriate.
    Image source

I can not predict the exact price of LEO and HIVE because I do not know about Crypto MarketCap.

The LEO is expected to reach USD 1 $ by the end of 2021 due to the gradual increase in price.
I predict the price of HIVE is estimated at USD 50 cents in this year.

What do you think?

Special Thank @theycallmedan and @leofinance !!!

Thank to all for everything.

Tin Aung Soe

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You set goals that you can achieve and put them into practice. When you win your a small goal, you will set a bigger goal again. It will make you get great achievement.

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Yes,Thank you.
If I have held this goals, I will set the new big goal.
I will hold my Great Goal gradually, I believe.

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Now I am losing my seting goal. So I am
feeling not good. I will try to set a goal. Your goal is very good and SMART.
Paper to practise and get successful.

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Fail to Plan is Plan to fail.
You should just set your goal and plan now. And do it now.
You have Power what you don't know yet.

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Well that's exactly what I've done for the past decade or so - just put all of my excess income into savings.

I think if you're in Myanmar investing in crypto is certainly a good bet!

Best of luck with your goals they certainly sound very achievable in 2021!

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Thank you so much.
There is hard to invest in Crypto as a citizen of Myanmar.
But, I will go on my believed things to reach my goal.

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I like your SMART goals.. Showing up daily will really benefit you.

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Thank you so much.
If we take one step at a day daily, we will surely reach our goal.

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This is a nice writing and nice FinancialGoals2021 Initiative.After reading,I liked so much your Financial Goals for 2021.You must be success on future by doing like that and also your good habits.Your must be right Leo power 5000 and Hive power 5000 at the end of 2021.
*You must win this challenge!
*May God bless you!

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Thank you so much Friend!
Whatever, I just enjoy because I have getting what I deserve for my work.
May God bless you!

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You really have a good financial goals! We can all achieve it if we stay focus. We can do this because our very reason of not giving up is our family! Greetings from PH ^__^

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Yes, we will do our best for our families in Loving.
Nice to see you.

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You have given us an excellent explanation of how by working and analyzing we can achieve success in our finances.

Great lesson

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Thank you.
I was encouraged when you said that.

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I now admire you even more
Thanks for posting your goals for 2021, i find this post very inspiring to others :)
"So, my investment strategy is to make more money than my expenses." This I believe sums it very well :) And it's just the beginning ..!

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Thank you so much.
If we can't manage our Costs or Expenses, we can't be richer.

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Now so easy to new account to growing faster better than me in the past lol.

You just need to be consistent to make content and create engagement wit others :)

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Thank you.
I will try to post contents engaged with each other.

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I wish your attempts successful for the goals and I know you will ready to do next challenge.Great...

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Thank, Oh No ready.
But, Ready to go!
No challenge,no success!

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Thank you.

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You can do it to succeed.

Thank you so much!

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