We are seeing the end of the year already, and everyone has put forth their resolutions. Most people’s new year resolution may be to lose weight. Others might resolve to invest more especially if they failed this year.
In reality, lots of folks do not keep to their resolutions, this is why you are going to learn the tactics to follow yours through this writing.
How to achieve your new year financial resolutions
Start before next year.
With all the celebrations happening here and there, you have lots of free time during the festivity. It will make you more proud of yourself if you start the paperwork towards your investment portfolio during this period. You will feel great about starting and starting early.
Start Small
If you start now and start small, it will go a long way. Instead of waiting till tomorrow to begin big. The reason is that your money will compound over time and time is the greatest asset when it comes to wealth creation.
Read Also: How to start the new year with your available funds and grow to success
Also, you could be one of those who have fears about investing and the stock market. Starting small and starting now will help me come to terms with those fears.
Spend less time with toxic people
You will benefit more from spending time with financially oriented people. Spend more time with those who want to improve financially. And less time with those who complain about money and never get around to making changes to their financial lives.
Limit your resolutions
You shouldn’t set lots of goals at a time. Rather, you should set one or two goals at a time. Once you can achieve them, you move on to the next ones. Therefore, choose specific goals, and then attain them. From here, you can set more ambitious ones.
Read Also: How the 50/30/20 rule can help you manage your money
Learn to automate the process
Yes, we agreed you should start before the new year comes, but, you might not able to pull through on willpower alone. To help you achieve your new year financial resolutions, you need to automate your finances.
You can do this by setting a direct debit on your account for all of your investment portfolios. With automation, you can go to sleep, while your money goes around working for you.
Read More
If you are struggling to read soft copies or hard copies of books and information, you can rock with podcasts and audiotapes. Just make sure you improve your financial life by digesting information often.
Consume Less of the media
The media will always speak about doom, gloom, and market crashes, every day. Therefore, you should consume less of these sensational media highlights. Try not to time the market too, it will lessen your emotional instability. Also, you won’t find the best time to get into the market so stop timing it. All you have to do is get in and stay invested.
