Make Goals Not Resolutions
Have you been unable to keep your new year’s resolutions? According to Business Insider, 80% of New Year’s resolutions have failed by February.
First, it is important to address why you haven’t kept those resolutions, and the key is in the definition. A resolution is defined as a firm decision not to do something. However how hard is it to enforce a firm decision – almost impossible?
Now is the time to get back on track and refocus on those key areas that need the most improvement in your life. How? By making goals. A goal is defined as the object of a person’s ambition, an aim or desired result. It is time to rethink those resolutions and transform them into SMART goals. SMART stands for Specific, Measurable, Attainable, Relevant and Timely.
Start by deciding on one thing that you want to achieve by the end of the year. For example: Obtaining control of your finances by making a financial plan for your future with the assistance of a financial planner. Taking into account – how, when and why, including as much detail as possible.
No goal is achieved instantly. Therefore it is important to break down how you are going to measure your achievement – by making targets. For example: find a financial planner within one month, implement advice within four months.
Now ask yourself if the goal is attainable. Ceasing to eat chocolate is never going to be obtainable instantly, however, reducing the amount to one square or only once a week is a short-term obtainable goal.
Consider if your goal is relevant to you. Just because everyone may be focusing on fitness, perhaps a more relevant goal for you this year is to focus on career progression or purchasing a new home. No matter what you decide make sure that your goal is something that you want to work towards. After all, you will only achieve something that you set your mind too!
Once you have decided what is most important to you, create a deadline. It is often most effective to have one key deadline, e.g. the year, however, break this time down into monthly and weekly achievements. This way your goal is not quickly forgotten, and you are working towards smaller targets. A yearly planner is a fantastic way to keep track of this. Especially when it is visually within eyesight and regularly used to display the progress, you are making.
Finally, it is essential to ensure that your goal is one of positivity and something that you can happily work towards every day.
It’s time to change the way we think and make this year the best one yet.
Go achieve your goals!
Contact the team at The Money Edge on 07 4151 8898 if you would like assistance achieving your financial goals.