What is the FINCH distribution of goals?
You’ve probably heard of SMART goals, SMARTER goals, and maybe even SMARTEST goals, but have you heard of the FINCH distribution of goals? The acronym FINCH is one I made up to remind goal setters to set goals in all of the important areas of life. Why cover various areas? Why not focus just on business success?
It’s too easy for achievers to focus on one or two domains and neglect the others. High achievers aren’t exactly known for being the most balanced people—and that’s okay. To accomplish something substantial, we have to let things go out of balance. They naturally will, anyway, and there’s nothing we can do to stop it. If we want to be successful, trying to find work–life balance is useless. Integration is a better word, anyway, and if you need help there, reach out to my prospective client Taylor Barnes and let him know I sent you. Helping entrepreneurs achieve work–life integration and live with a good rhythm is his specialty.
While I don’t push for people to slice the pie of their life into equal slices, which would obtain balance, there must be some appropriate distribution in the areas of goal setting. If we set ten goals for the year and see that nine of them are income-related goals, that’s not good. The FINCH acronym helps us to be sure we have all our bases covered as we set our goals, in whatever format those goals may be.
What does “FINCH” stand for?
The acronym includes various areas of life. It doesn’t hit everything. Feel free to add to it if you’d like. But it gets the big ones:
Network-related goals (includes friends, relatives)
Health/Hobby-related goals (includes financial, mental, and spiritual health in addition to physical health)
After you write out the things you’re considering committing to as goals, go down the list and categorize each goal, putting the applicable letter or letters next to each one. One of my goals is to reduce the hours in my work week to a certain number of hours. That’s a freedom-related goal or a health-related goal, so I put F and H next to it. Another is to write and publish two books in 2020. That’s related to income and creation, so I put C and I in the margin to the left of it. When I finished with my list of twenty goals, I found that I had six F goals, six I goals, eight N goals, eight C goals, and five H goals. Not a bad distribution. I was glad to see that I didn’t have eighteen income-related goals, for example, and zero health-related goals. There was a time when my list wouldn’t have had any health-related goals, but I no longer believe that there’s nothing I can do to change the hand I was dealt.
A caution about categorizing goals
You’ll notice that some goals could be interpreted to belong in more than one category. People are masters at deceiving themselves, so be careful not to stretch the truth. If a goal is clearly about generating a certain amount of income, don’t say, “This is a network-related goal.” It’s not going to help your network of friends and colleagues directly, unless part of that goal is to share the wealth with them. Just be honest with yourself about the categories that a goal truly can fulfill, and have fun! Here’s to your success in achieving a healthy distribution of goals!