Planning for New Year’s Resolution
As perhaps with those reading this post, this time of year for me is typically spent on deliberate personal and professional introspection. I received the following greeting several years ago, yet it continues to inform my perspective. Just the other day, I printed out the quote to reflect on 2016 and plan for the year ahead: New Year is the time to unfold new horizons and realize new dreams, to rediscover the strength and faith within each of us, to rejoice in simple pleasures, and gear up for new challenges ahead.
In practical terms, all members of the Chawla household reflected on our needs, wants, and wishes during the Holiday Season. And we asked, are those aligned with our priorities? We then established personal milestones, professional aspirations, and agreed upon goals for the entire family before the year-end. Remember the truism; a goal without a plan is only a wish. So consider a similar process for your New Year’s resolution: set a goal for yourself, assign a due date for that goal, and most importantly put it in writing to hold yourself accountable.
Sample Goals to Consider:
- Identify one conference or seminar which will enhance your skill set or advance your career
- Dress for the position you want, not the position you currently hold
- Craft an experience you will remember, not simply another stressful vacation
- Create an inventory of your assets and review the corresponding beneficiary designations
- Draft an estate plan
- Increase your savings rate
- Eliminate expenses you no longer value or utilize
- Rebalance your portfolio
- Develop a formal, financial goal plan
Here is to wishing you Happiness, Simplicity, & Health in 2017!
Learn more about the author, Ronsey Chawla, MBA, CFP®.