I’ve just done something big. Pretty big. I just got back from climbing Mount Toubkal. It’s the highest peak in the Atlas Mountains.
It was tough. It didn’t happen by accident. I made sure to have the right gear, the right guide and I did the training beforehand. Despite this it wasn’t all completely plain sailing but all in all it was far easier because I had a plan.
This picture is just below the summit because the one of me on the summit really isn’t very flattering 😂
I regularly see people and they share their property plans and they are, to be blunt, pretty vague. “Enough to retire”, “loads” and “as many as possible” are three answers I’ve had recently when I ask landlords how many properties they want. It’s quite hard to give really good advice to someone that has vague plans though. Most appreciate me trying to close in on something more specific but others just get frustrated.
I know it’s boring but setting plans is a much better way to get what you’re after and property is no different to anything else. A simple way to do this is to make sure any objectives you set are SMART.
S – Specific
P – Measurable
A – Achievable
R – Relevant
T – Timely
Loads simply doesn’t fit in with this so it’s not possible to see if you are getting any closer to hitting your goal. Loads could mean ten or seventy! Why am I gain on about goals? Well it just so happens that tax advice is much easier to deliver to people with goals!