Whilst touching on monetary goals, another participant reminds us that being specific about your goal is important: \"My goal was to be a millionaire by 35... I achieved it the moment I stepped away from the foreign exchange counter at Jakarta airport!\" Following up with our survey participants revealed commonality in the way they went about setting goals and their subsequent actions to achieve their goals. We\'ve already seen how those with the greatest success in terms of personal wealth had SMART goals. This isn\'t to say that success can only be measured by means of personal wealth at all _ the original intention was simply to test the mythical Yale Study results. And, of course, someone could have set themselves a perfectly good SMART goal _ but due to their own environment, had not accumulated as much personal wealth in terms of a standard currency _ indeed, a person could have less in terms of monetary wealth yet be considerably better off in terms of the value they can obtain from less money.
Outcome goals _ some issues _ The problem facing many people with regard to \'Outcome\' goals is that there is an element that is outside the power of the individual. An example of the potential issues with an \'outcome\' goal comes from a rather sad testimony from one particular research participant: \"My goal was to have ū million in the bank for my retirement by age 55. I achieved my goal with great satisfaction early at age 43. Unfortunately my bank was at the centre of a fraud and went under. 16 years later, I am still working and slowly rebuilding my goal. So, goals are important and we need to know what we want to achieve in life _ just choose a goal only including yourself and don\'t leave all of it in one place.\"