Do you set PAGs for yourself – personal annual goals? Perhaps it sounds a bit too organised, a bit too much like work. Maybe you like to go with the flow and see where you’re at the end of the year. Maybe you don’t think of your life like that and go through it savouring every moment.

If you do like to achieve things, and see an improvement in your life and the lives of those closest to you, then PAGs are a good way of doing that. They stop time running away from you. We know from experience that plans very rarely survive the first incursion into reality, but having some high level objectives keeps us on track and focused on the here and now I think.

I know a guy who sets himself PAGs. They might be things like ‘sell house for x, clearing y profit’, ‘change car’, and ‘earn z before taxes’, those kind of things. He really values them and he’s flying through them at the moment.

I think they work well for achievable or binary things that you have control over, like selling your house for a certain amount. Where they work less well is with big hairy arse goals, or BHAGs as the business folk call them, like get your first book published – not self-published – or getting a child into a highly oversubscribed school. These have a low probably rate of success, yet they’re still binary.

Personal Annual Goals are great ways of stopping time from running away from you, that most precious of resources that you can’t ever get back. In that sense, further chopping your PAGS into half-yearly, quarterly and even personal monthly goals, PMGs, is not a bad idea either.

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