The year is relatively new and along with it comes many diverse things we would like to be, do or have by the end of it. Lately, it looks as if people do not like to call the plans they make for the year “New Year’s Resolutions” and it’s for a good reason. Mainly due to the backlash the practice has had from various life coaches and motivational speakers in recent years, where they berate us who set these goals as being unable to achieve them because of lack of self-discipline, which of course, most of us, sheVestors, are guilty of. However, one other reason, I think is an equally great impediment to achieving any goal, New Year’s or not, is MONEY. Here are a few ways that money does impact the attainment of goals and the sleek execution of plans.
Money should be a goal – Often, when we draw up our plans for the year, we sometimes tackle a lot of aspects of our lives and leave out the financial portion. We plan about family, education, and health and fail to consider money as an important element in our lives to write down as part of the issues to make plans for. Cheating money off the list is cheating ourselves out of money(click to share on facebook) because we end up not drawing up a grand map as to how we would make and grow our wealth for the period.
I believe that just as we plan to attain a certain physique by the end of the year, we should also plan to build our wealth to a certain level, taking into consideration anticipated personal economic conditions. With a financial goal set, we then become conscious of our habits and sensitive to opportunities through which we can build financial wealth. We actively save and deliberately invest if we have a set target for the period. PLAN TO BE RICH.
Draw a Goal Budget – After listing your various resolutions and goals for the year, take some time to consider what each would cost you. Afterward, plan for provision of the cost. If your goal is going to cost you time, draw a timetable of your anticipated regular routine. Every goal is probably going to cost you some discipline, so you provide and make it possible for yourself to be disciplined by psyching up your mind, having thought through the pros to carry out your goal and the cons of giving up on it. In the pursuit of a goal, have a partner on it, or essentially, someone you will be accountable to. This will help you stay focused and disciplined in order to achieve your goals. Beside every goal, ask yourself if you will need money in order to execute it. Spend time to find out how much the process of attaining the goal will cost and write it down.
Commit to your goals monetarily- Yes, it is divine truth that we value that which costs us more than that which we get cheaply or for free. Anyone who is serious about attaining a goal must be willing to commit financially to it. Don’t be a freebie (ladies do love stuff) and go only for free things.(click to share on facebook) Don’t get me wrong, I do not mean if there is a cost-effective way of carrying out a goal on your list, you should scratch that out and go all extravagant on your goals. In simple terms, I mean buy that book which you have frantically searched online for a free copy only to get your bubbles busted. Whatever your goal is, you must commit monetarily to it, that way the likelihood of botching it up is minimized. Spent money can be a great motivation, trust me on this. So when you are tempted to wait the year out hoping the freebie bus will come by so you jump on, just remember again that “nothing good comes for free.”
Nana Yaa Asante- Darko
Nana Yaa A. Asante-Darko is a Student Accountant who writes award-winning poems and short stories and bakes great cakes. She blogs at oddinaryperspectives.wordpress.com . She plans on doing all three things- accounting (in its diverse forms), writing, and baking- for a long time.