Skip to main content
Okay, the New Year has begun. As is par for the course, we've drafted our resolutions for change and self-improvement in 2006. Do you remember last year's resolutions? Did you achieve them? If you're like most people you answered "no" to both questions. You can't remember last year's resolutions and therefore you didn't reach their fruition. So, why is it that "the best laid plans of mice and men are soon laid awry"? By the way, the first person to email me at with the correct name of the person who first coined this phrase, or it's close proximity...hint, hint, hint...will receive a gift certificate for a free teleseminar, a $12.95 value.

In my opinion, we break our resolutions for one key reason: we select results we can not control rather than actions we can take. This year, write your resolutions but keep this rule in mind: set goals for results. Let me give you a few examples:
  • Eliminate debt (result) versus stop using my credit cards (action)
  • Retire at age 60 (result) versus contribute 15% of my income to my retirement account (action)
  • Grow my portfolio by 10% (result) versus evaluate my current investments to identify and sell the losers

This approach to resolutions puts the control in your hands. If you take the action planned, you will achieve the desired goal. You can not affect the outcome but you have complete control over the input. Give it a try. Rewrite your annual financial resolutions to focus on specific action you will take rather than the results you hope to achieve.

This process works for other resolutions beyond those of a financial nature. So, if you wrote down that you'd like to lose weight or get fit this year, what action could you take to get one step closer to achieving your resolution? If you set to paper that you will spend more time with family, what one action can you take to make that a reality? Go for RESULTS!


Popular posts from this blog

Get Organized to Save Money

How "Being Organized" can save you money... Taking a small amount of time up front to get organized can save you time and money.  Here are a few simply steps you can take today to keep more money in your pocket.
Set up autopilot for your bills -  Take advantage of your bank's online bill pay service to automatically send payments for your monthly recurring charges.  Set it and forget it!  Taking a few minutes to set up auto bill pay will pay off by preventing late charges and finance charges due to missed payments.Take inventory - You can avoid buying duplicate items when you know what you and have and where it is located.  Take a quick inventory  your pantry, the medicine cabinet, laundry room, and your office before shopping (online or brick-and-mortar).Stock up on consumables - You will always need shampoo, toothpaste, laundry soap, etc. so buy these items that get used up in bulk when on sale.  Of course, don't go overboard.  Buy what you can store …

Eating Seasonal Foods - Good for your Body, Good for your Wallet!

Eating foods in season is supportive of our well being.  For example, in the summer Mother Nature provides a bounty of high-water-content foods to help us stay hydrated...water melon, cucumber, tomatoes all add refreshment to hot days.

In addition to supporting your physical well being seasonal produce treats are wallets with kindness.  Local in-season produce doesn't have to travel as far as out-of-season fruits and veggies which often travel thousands of miles from other countries.  Combine the lower transportation costs with the abundance of the local in-season crops and you get lower prices. 

How do you know what's in season?  Two ways:
Prices in the store - when the grocery store offers strawberries at 2 baskets for $1.00 or tomatoes at $1.29 per pound you are looking at in-season foods!Visit this website - CUESA which shows you the produce in season and provides recipes for incorporating these physically and fiscally health goods into your diet
What's your favorite w…
Making Home Affordable

You may have heard about the government's "Making Home Affordable" program. Aundrea Beach-Greco, a Certified Mortgage Planner in the Las Vegas area, provided some much needed clarification regarding this latest development in the housing market on her blog today. To learn more, check out her latest post.