If you’re already vowing to get fit, eat healthy and reach your investment goals next year, you’re not alone. A new year is the perfect time to start fresh and aim sky high. Striving to succeed is a fantastic mindset to be in, so why do New Year’s resolutions fail so often?
Set very specific and immediately actionable goals.
Your goals aren’t specific or actionable
One of the most popular resolutions is to ‘get fit’. Certainly, it’s a worthy one, but it encompasses so many aspects that the term isn’t remotely useful in achieving that goal. The same can be said for any number of terms that see you caving under the pressure of trying to reach such a broad objective.
In order to stick to it, or even start it for that matter, your resolution needs to be specific and immediately actionable. For example, instead of vowing to get fit, schedule exercise sessions into your diary for next year and research an appropriate diet to follow. Rather than just aiming to get out of debt, actually book an appointment for advice in January.
Change your mindset in order to enjoy the process along the way.
You’re not setting enjoyable goals
The key is to frame your goals in a positive light and keep your eye on the prize.
There’s nothing really enjoyable about struggling to get out of debt or eating carrot sticks for lunch every day, right? It’s no wonder New Year’s resolutions fail, if they come under the heading of things we ‘should’ do, rather than things we ‘will’ do in order to experience the benefits. Therefore, it’s crucial to change your mindset about your goals, so you can enjoy the process of reaching them.
If you need to, fool yourself into doing this until it works, because it will. The key is to frame your goals in a positive light and keep your eye on the prize. Instead of saying to yourself, “I’m going to have to live in poverty to out of this debt,” try, “this year I’m improving my financial health towards success, one step at a time”. Rather than look at a carrot stick and feel deprived, think of the nutritional value and look for ways to make that carrot stick more enjoyable, with healthy options for dressings or dips.
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You’re focusing on time rather than progress
Most goals take time to reach and life has a habit of getting in the way. Unless you know it’s definitely achievable, in the case of booking an appointment or joining a gym by a certain date, measure your goals on progress, not the time it’s taking you to kick them.
Each step, even if it seems small, gets you closer to the desired outcome. It’s much more important to keep moving forward, than to hold yourself to a time-based deadline and give up when you don’t reach it. Persistence and consistency are key. When combined with actionable steps and an intentional mindset shift towards enjoyment of the process, you’ll make this year’s resolutions work for you.
This information is provided by DPN Pty Ltd ABN: 94 630 700 186 Australian Credit Licence 514759. DPN Finance Pty Ltd is an authorised credit representative 504129 and related entity of DPN. Credit for Dream Big 100% Offset and Work Smart 100% Offset is provided by Adelaide Bank a division of Bendigo and Adelaide Bank Ltd, ABN 11 068 049 178 and Australian Credit Licence 237879.