Plan Long Term
Many of us fail to accomplish a lot financially because we plan short term. We are only thinking about our current financial situation. Unfortunately, financial issues and immediate financial needs will always be with us. We therefore advise making long term plans for your finances irrespective of your current financial situation. You can then resolve these urgent financial needs in the perspective of your long term goals. Financial urgencies and set-backs are temporal, but financial success is a lifelong journey.
We are undisciplined. Change your strategy
Many of us plan to save a certain amount of money every month but keep falling short and procrastinating. This is because urgent financial needs will come up and take up the money planned for investing. We therefore advise that you avoid the need to disciple yourself by setting up automated investing through a bank order or salary dedication. This way, you get to invest before meeting your other financial needs. This tip may just be a deal changer for you in 2020.
Understand Yourself
When it comes to investing and money goals, no single strategy works for everyone. We all have different financial situations, opportunities and personality. Therefore, find out what works for you and stick with it. For some of you, setting ambitions goals that will push you work best while for others, such ambitious goals will only frustrate you. If you get frustrated when you don’t meet your goals, then set goals that are easier to accomplish. You would rather meet easy goals that get frustrated and fail in meeting overambitious goals.
Get Accountability
Ever thought about keeping your investment journey accountable? The thing with investing is that it is not urgent, but important. If you postpone starting your journey or skip 2, or 3 months of investing, there will be no immediate impact. However, sticking through with your investment plan has a lifelong impact on the quality of your life and that of your loved ones.
Many of us fail to accomplish a lot financially because we plan short term. We are only thinking about our current financial situation. Unfortunately, financial issues and immediate financial needs will always be with us. We therefore advise making long term plans for your finances irrespective of your current financial situation. You can then resolve these urgent financial needs in the perspective of your long term goals. Financial urgencies and set-backs are temporal, but financial success is a lifelong journey.
We are undisciplined. Change your strategy
Many of us plan to save a certain amount of money every month but keep falling short and procrastinating. This is because urgent financial needs will come up and take up the money planned for investing. We therefore advise that you avoid the need to disciple yourself by setting up automated investing through a bank order or salary dedication. This way, you get to invest before meeting your other financial needs. This tip may just be a deal changer for you in 2020.
Understand Yourself
When it comes to investing and money goals, no single strategy works for everyone. We all have different financial situations, opportunities and personality. Therefore, find out what works for you and stick with it. For some of you, setting ambitions goals that will push you work best while for others, such ambitious goals will only frustrate you. If you get frustrated when you don’t meet your goals, then set goals that are easier to accomplish. You would rather meet easy goals that get frustrated and fail in meeting overambitious goals.
Get Accountability
Ever thought about keeping your investment journey accountable? The thing with investing is that it is not urgent, but important. If you postpone starting your journey or skip 2, or 3 months of investing, there will be no immediate impact. However, sticking through with your investment plan has a lifelong impact on the quality of your life and that of your loved ones.
