Year End Resolutions

As we’re almost halfway through the fourth quarter, I can’t help but think “Whoa, where did 2020 go?” I think many of us can agree that we are looking forward to a new year and a fresh start. In recent years, I have stopped making new year’s resolutions. Not because I don’t have goals or want to improve, but because I usually fail to make them specific enough. Therefore, I end up breaking them before I can even get started. Sure, I want to get in shape, and I want to review those old life insurance policies, but without a tangible action plan, then for me new year’s resolutions are no good. Interestingly enough, why do we wait for January 1st? There’s no magic in that date, other than it’s a mental starting date. I want to break the rules a little here and start a Year End Resolution. There’s PLENTY of time to make a resolution and at minimum start taking the appropriate steps to get started. For example, let’s say you are a person that has been putting off your legacy planning, and you decide that this will be your Year End Resolution. Don’t wait any longer. Don’t let the holidays be an excuse or get in your way either. Here are 5 steps to getting on track and staying on track.

Step 1- Write down your goal. Be specific. Do not just say “I want to lose weight” or “I want to save more money”. Make it tangible like “I want to lose 10 pounds” or “I want to save 10k in my emergency fund”.

Step 2- Assign a realistic deadline. Be practical. If your goal is to consolidate financial accounts, or get your Legacy Planning done, or refinance your house- you know these tasks will probably take a couple months from start to finish.

Step 3- Write down the steps that are needed to achieve your goal. For instance, if you want to get a financial checkup, then the first step is making the appointment with a financial professional. If you want to save that 10k, break it down into bite size pieces. I know I can save ___ per month; therefore, it will take me ___ to reach my goal.

Step 4- Time management. Make sure you assign the appropriate time needed each day, week, or month to spend on the goal. I will dedicate 15 minutes a day, 30 minutes a week,

Step 5- Take Action. When are you going to start? What hurdles will you run into and how will you overcome it? 

These steps can be applied to any goal, at any point in the year. Don’t wait for the new year to get started. If you would like an accountability partner throughout your journey, I would love to help you. Attached is a printable step by step guide to setting your goals and staying on track. If you want me to help you stay accountable to the goal, send me a copy at amber@askglobalwealth.com and I promise you I will be that coach and mentor to help you achieve your goals.

Step 1- Write down your goal. Make it specific and tangible.

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Step 2- Assign a realistic deadline. Be practical.

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Step 3- Write down the steps that are needed to achieve your goal.

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Step 4- Time management. assign the appropriate time needed each day, week, or month to spend on the goal.

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Step 5- Take Action. When are you going to start? What hurdles will you run into and how will you overcome it?

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Securities offered only by duly registered individuals through Madison Avenue Securities, LLC (MAS), member FINRA/SIPC. Advisory services offered only by duly registered individuals through Global Wealth Management Investment Advisory (GWM), a Registered Investment Advisor. MAS and GWM are not affiliated entities. By submitting your contact information, you consent to be contacted regarding retirement income strategies that utilize investments and insurance products.