As people interested in earning residual income you need to get into certain habits as I’ve said many times and then start following them through. As the year winds down, for many of us it’s time for a bit of reflection on the past year. If your goal from 2008 was to make more passive income online or offline then where are you at in your goal? If you’re like many people you aren’t exactly at the exact level of financial success that you’d like to be. Well today let’s talk about one thing you should do for 2009 and beyond – set income and attainable wealth goals that you want to reach.

You see one of the reasons that many people aren’t able to achieve the passive income level that they’d like to is because they don’t have a clear idea of what it is they are going after and then the time frame that they would like to achieve that goal within.

What I’d like to recommend today is that you set a 6month, 1 year, 2 year, and then 5 year residual income figure that you’d like to be hitting by those set dates. The reason it’s great to start the process of writing down these goals is just for the fact that the numbers you write down will start to take meaning and shape. They will be figures that you feel some pressure to work towards – and hopefully you will.

Set reasonable goals financial success goals that you can envision yourself hitting. Go big but don’t be too crazy. For example if your goal is to earn income online and you aren’t yet making any money you might want to be a bit conservative starting out.

Your figures also may differ if you are already on a path and earning some income of if you are completely starting from scratch and you have no idea which direction you are heading in. In the case that you are already earning money then you might understand the steps you need to take to hit your residual income goals. In the case of starting from scratch you’ll have to factor some learning time into the equation and understand it will take some time before you start seeing the results you want.

The bottom line is when embarking on this financial success path make sure that you are writing down the numbers that you want to hit. If you are already doing this then great, if not then start by setting a figure for June 2009 and go from there. Good luck and start writing your desired wealth figures down!

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