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Next Gen Econ > Debt > 7 Steps to Set Career Goals That Actually Pay Off in the Long Run
Debt

7 Steps to Set Career Goals That Actually Pay Off in the Long Run

NGEC By NGEC Last updated: February 7, 2025 5 Min Read
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While climbing the corporate ladder is good for some people, it isn’t what everyone has their sights set on for their career. That said, many people wind up setting vague goals, but they don’t have a clear plan on how to make their dreams come true. These seven steps will help you pinpoint long-term career goals that will actually pay off, helping you build a future that is profitable and rewarding. 

1. Define What Success Looks Like for You

Success will look different for everyone. It’s important to take some time to think about what success will look like for you. Personally, I like the idea of running my own business where I provide services to multiple clients. I’d set my schedule and get to work on projects I really enjoy. For other people, it might be reaching a six-figure salary or having a great work-life balance. Maybe you even want to become a leader in your field. Whatever the case may be, understanding how you’d define success is an important first step in establishing long-term career goals. 

2. Set SMART Career Goals

Vague goals like “I want to make more money” won’t get you far. Instead, use the SMART method—Specific, Measurable, Achievable, Relevant, and Time-bound—to create goals with a clear direction. For example, rather than saying, “I want a better job,” say, “I want to land a managerial role in my industry within the next two years.” This approach forces you to develop a roadmap and track progress. 

3. Identify Key Skills and Education You Need

Once you have your goals, determine what skills, certifications, or degrees you need to reach them. Research industry trends to find out what employers are looking for in top candidates. Consider taking online courses, attending workshops, or obtaining professional certifications to stay competitive. If you’re in a rapidly evolving field like tech or finance, continuous learning is essential. 

4. Build a Strong Professional Network

Your network can open doors that your resume alone cannot. Connect with industry professionals on LinkedIn, attend networking events, and engage in meaningful conversations. Having mentors and professional contacts can provide guidance, job leads, and career advice. Surrounding yourself with ambitious and successful people will also keep you motivated. 

5. Gain Experience Through Strategic Opportunities

Experience is just as valuable as education when it comes to career advancement. Look for internships, side projects, freelance work, or volunteer roles that align with your goals. If your current job isn’t giving you the experience you need, consider taking on new responsibilities or switching roles. Hands-on experience builds credibility and helps you develop the confidence needed for bigger roles. 

6. Track Your Progress and Adjust as Needed

Career goals should be flexible, not rigid. Check-in regularly to assess your progress and make adjustments if necessary. Maybe an industry shift requires you to learn a new skill, or a personal interest leads you toward a different career path. Keep a career journal or use goal-tracking apps to stay on top of your achievements. 

7. Negotiate for What You’re Worth

Knowing your value is crucial when it comes to salary negotiations and career advancement. Research salary trends in your industry and come prepared with data when discussing raises or job offers. If you’ve consistently proven your worth through skills and results, don’t be afraid to ask for more. Confidence in your value will help you secure better pay, benefits, and job roles. 

Take Control of Your Career Future

Your success won’t happen overnight. You’ll need to strategically plan and put in effort to get what you want. If you want your long-term career goals to happen, these steps will take you a long way. Just make sure that everything you do in your work life is bringing you closer to your objective. 

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