1. Get inspired
Without inspiration none of the steps below will work.
You need great goals – dreams with a deadline – to spur you (and perhaps your family too) on towards success. Depending on your personality and situation, you might be inspired by:
…rather than dreams of possession and consumption. Too many goals of this nature will often fall by the wayside.
As no two people are the same, you should seek and find inspiration in a way that suits you. Once you’ve got it, be sure to write your goals down.
2. Review your finances
Once you’re backed by inspiration and know where you want to be, the next step is to do a run-through of your finances and get an idea of where you’re currently at.
A few essential questions to ask yourself:
3. Earn more
Who wouldn’t want to earn more this year? By simply earning more money, it can allow you to achieve so many other goals. There are many ways to earn more money:
If you’ve retired already, then earning more may mean investing rather than having funds sit idle in bank savings accounts and term deposits.
4. Spend less
This is a no-brainer, but we thought we’d mention it anyway!
5. Invest in yourself
Investing in yourself is essential to growing and almost always pays off. It may include obtaining a new qualification, gaining a new skill, or improving your time efficiency.
6. Remember to give
While your budget may be stretched at this time of year, giving to worthwhile causes should always be kept in mind and offers many benefits, including:
7. Protect your family and yourself
How you protect yourself will vary on your circumstances, for example:
8. Act immediately
Reviewing all the points above means nothing if it’s not backed with action. To get things underway you need to act right now.
Just remember that you don’t need to be too strict on yourself, either — it will only create unnecessary stress and disappointment. Instead, start with some little steps now and start making better daily choices which will snowball over time.