How to plan for 2017 and beyond
Written on the 6 January 2017 by James Cagney1. Make a list of what you achieved in 2016
I have so often heard at the beginning of each year that " Last year was the worst ever and this year can only be better". Yes it is so easy to remember the bad events of the previous year. However, it is essential to look for the positive things we achieved last year no matter how travail they might have been. Look for social and relationship achievements as well as monetary achievements. This will motivate you to set more goals for 2017.
Many people overestimate what they can achieve in a year and under estimate what they can achieve in a lifetime. Don't be too hard on yourself -enjoy the journey as well as the goal of reaching your destination.2. Set goals for 2017 and beyond
Set goals for financial, lifestyle and relationships because life needs a balance in order for us to achieve a sense of accomplishment. Goals must be realistic, achievable within the time frame, and committed to writing - otherwise they are simply dreams. It certainly helps if you are able to visualise them because pictures paint a thousand words. Paul J. Meyer, founder of Success Motivation Institute, said "Whatever you vividly imagine, ardently desire, sincerely believe and enthusiastically act upon will inevitably come to pass".Time frames must be realistic so set short term goals for anything from 1 to 12 months; medium term goals for 2 to 5 years; and long term goals 6 plus years.
Remember to set goals of "becoming" as well as "having". For example, you may want to go overseas this year but unless you become a good at budgeting that may never happen because expenses always seem to expand to the amount of money you have in your pocket.. If you are not achieving your goals we will review them and set signposts along the way to assist you to achieve them.
3. Put in places a real savings planMost people manage their cash flow badly. Income is not wealth. We get caught in the life trap:
If there is money left over it is not budgeted savings it is a surplus accident. Set a budget of how much you intend to save and invest this money in a separate account. Treat this as money as your first priority that you have deliberately put aside for that goal and resist the temptation to dip into it. One method of achieving this is to put this money in a fixed deposit account. In other words you pay yourself first. Then spend the remaining money on the things you need and want. Set aside a small 'slush fund' to pay for the unexpected expenses.
4. Plan for your next investment
People who plan for their next investment will achieve their goals to start acquiring wealth. Having a plan provided the incentive to save more.
My goal to help you to invest for your future. Be the person who "Makes Things Happen".
5. Stick to the Program
There is not much point setting goals if you are the only one who knows about them. If you don't achieve them then there is no one to answer to. Easy to shrug off non-achievement. Most successful athletes and business people have a mentor or coach or personal trainer. Accountability is the key. It helps you realign your plans if necessary and helps to keep you 'on track'.
Accountability is best when you can meet face-to-face with someone to review your goals regularly. I do that with all my clients. Paul J. Meyer who wrote: "Success is the progressive realisation of predetermined, worthwhile personal goals".
I look forward to helping you with your investment plans in 2017. Please call James Cagney on +61 416 137 645 or click >>> HERE.
Author: James Cagney