The New Year is upon us and with that comes New Year's resolutions that research shows few people ever stick with. Strava, the social networking site for athletes, showed that after studying 800 million user activity data points, by January 19th most had already abandoned their resolutions - just 19 days into the new year!
A study conducted by University of Scranton found that only 8 percent of people succeed in keeping their resolutions. Maybe you can relate to these studies having failed to keep your own goals. We certainly can.
Setting goals is the easy part. Actually accomplishing them is the real challenge!
Let's look at some tactics you might consider to improve your chance of looking back on 2020 as your best year ever, especially in your personal finances.
1. Start routinely talking about your behavior with money.
You've heard us say it before, "money is not the root cause of your money problems. It's your behavior...
If we only had five minutes to provide guidance on how to succeed not only with your finances, but with life in general, we’d tell you the three most critical factors to success are:
The first two, especially number one, are hard to “fix” on your own, and we’ll discuss both of them in future blog posts so let’s start with the “easiest” one of the three – your habits.
We are what we repeatedly do. Excellence, then, is not an act, but a habit.
What’s below the surface matters most.
Our lives in many ways are like an iceberg. A typical iceberg has 90% of its volume under water and out of sight. One thought that comes quickly to mind is how much this analogy is like social media in that only a very small percentage of our lives are visible online – usually just the good stuff. We, like you I’m...