S.M.A.R.T.

Goal: To become a real estate investor to provide additional

monthly revenue for my family.

Specific

I want to purchase residential and commercial real estate.

This will bring in additional monthly income for my growing family.
I will need to save the start-up capitol (which should be roughly $50,000)
I need to locate a mentor who already has had success as a real estate
investor
I will need to educate myself on the process of purchasing real estate - cash
or financing
I will look for ways to save $500/ per month to secure the start-up capitol
My goal will be achieved when I am able to generate $2500/per month in
additional income through real estate investments

Measurable

In order to accomplish this goal, I must:

1. Go over our monthly budget to trim the needed $500/per month for saving
purposes
2. Research the going rates for small residential and commercial buildings
3. Locate a good mentor to provide the necessary coaching, guidance and
understanding
4. Purchase the first property
5. Reach the goal of saving the $50,000 start-up capitol

This goal will be worthwhile if I am able to generate $2500 in income

If I am not able to generate the $2500 in additional income it may be better to
seek another type of income generating business
This goal is in line with my long-term goals of replacing a current family income
source

By saving $500/per month which is $6000/per year, it should take 7 or 8 years

(including interest gained on money) to reach the goal of securing roughly $50,000
for start-up capitol
I should be able to locate the areas to share our monthly budget by $500 within 3
months
I hope to find a financial mentor within the next 6 months

Achieveable

Relevant

Time-Bound