The problem with aiming for quantitative goals (such as earning $125 or more per day) is that you can end up aiming an striving for the wrong things and end up with something you never really wanted in the first place.

The world we live in is addicted to wealth creation. Money is the object of most of our endeavors. But it has been conclusively proved that money does not bring happiness. In fact if you can be content with being poor then you are actually richer than most of the people of Forbes rich list.

Want I am looking to achieve with my online endeavors is financial freedom. That is, the freedom to do what I want, when I want, wherever I want. In the kind of society we live in that means you will need money to survive (eat, drink, stay warm at night and so on) but that doesn’t mean if I become rich I have reached my goal. What if I have to work 50 to 60 hours a week to maintain that level of income?

Essentially I would like to spend as little time as possible earning as much money as possible but I don’t want to be on a never ending journey of wealth creation. For this reason I have done a few calculations to come up with a figure that I can use as a benchmark.

Goal: Reach the point where I earn a consistent average of US$125.00 per day.

I am willing to bet money that the second person is more likely to succeed than the first. Don’t get me wrong, there are many people just like the first guy who will end up beating the odds and making it anyway. But they are few and far between. There are many, many more who will get disheartened long before the finish line and give up.

You see there are many children who have dreams and lofty ambitions of what they would like to be when they grow up. But unless these kids formulate goals to make their dreams become reality they will only ever live out their dreams as, well, dreams!

The importance of setting goals is seen in almost all areas of life. Many famous sports people, politicians and business people admit that they had to set goals to reach their levels of abnormal success. The reason is simple. Without setting specific goals your success is only by chance. And that chance, is a very small one.

For too long I have been focusing on simply doing as much as I can in the hope that one day I will find something that will work and can start reaping the benefits. I already have the big goal - to build a successful business online. But what smaller goals am I aiming to achieve to reach this huge goal?

There are thousands of ways to make money online, what way am I choosing to make it? If I have chosen a method, what steps am I taking to reach this goal? The point is that the ones of us who set small, challenging yet realizable goals that are all in line with reaching one main goal, are the ones who will most likely succeed. For the rest, their goals will simply remain as dreams.

Moving forward I am planning on choosing one task which I must have completed each week. Along with this will be other tasks which I may or may not work on. As readers I encourage you to do the same. If you do not have a full time job you can of course choose more than one main task, but for those of us who do have a full time job there is a need especially at the onset to KISS.

Stop dreaming about your goal and start working to achieve it!

P.S. Look for my upcoming post in which I will write down my goals and translate them into tangible results. After all, it is not until you write down your goals that the rubber starts to hit the road.

I will not be tutoring anyone as such but rather using my experiences as lessons for both myself and my readers to learn from. I do not yet have any experience with making any real amount of money right now. As I type these words I admit I am an amateur.

My main source of income is my salary from my 40 hour a week daytime job. Additional revenue comes from interest earned on a small amount of savings.

By the end of this year (2008) I plan to have started at least one successful internet business venture and to have increased my passive income level.

The cumulation of this blog will occur the day I no longer requier to work in my day job.  This will be when I have created a large enough stream of passive income that I will no longer need my monthly paycheck.

Please follow along to see how my progress is coming along, and to learn from my successes and my mistakes so that you too can upsize your pay!