Tuesday, 1 January 2013

New Year's resolutions and how to keep them

The Millionaire on Heels is a HUGE fan of New Year’s resolutions.  I love lists in general, and having my goals for the year down on paper really crystalises them for me.  I then have mini goals during the year that I aim for, with the idea that by achieving most of the mini-goals I’ll hit the big ones easily.  I then do a review at the end of the year while I’m writing the next year’s resolutions.

If this sounds too good to be true … well it’s stretching the truth a little bit.  I forgot to set my resolutions on New Year’s Eve this year, and I have to say I’ve felt a bit lost without them.  That said, there were still plenty from previous years that I hadn’t achieved that I could still aim for!

So, as I’m writing this post on New Year’s Eve, ready to publish tomorrow, I’m determined to get back on track this year.  I like to set goals in eight areas that are important to me:
  1. Family
  2. Friends and community
  3. Intellectual
  4. Career
  5. Financial
  6. Home
  7. Spiritual
  8. Health
I aim to have three or four resolutions in each area – some really easy one-off ones to feel like I’m accomplishing my plan and a few stretch goals.

Upcoming January posts

Welcome to 2013!

January is all about New Year's Resolutions, and at the Millionaire on Heels we're talking financial resolutions.  This photo from the Sydney Morning Herald captures my point of view completely:

Photo: Louie Douvis
 My big focus for January will be on developing a financial plan.  It's going to take me a couple of weeks to get the content into a shareable state, so in the meantime, I'm going to discuss the second biggest source of expenditure for many households - transport.  As I purchased my current car and previous car both in January, it is also the month I pay rego, CTP, comprehensive insurance, servicing, etc., so it's quite timely for me.

So my planned posts for January include:
  1. New Year's resolutions and how to keep them
  2. Do you need a car?
  3. Car servicing tips
  4. Tyres, parts, and service add-ons
  5. Registration, CTP, and comprehensive insurance
  6. Roadside assistance
  7. Extended manufacturers' warranties
  8. Petrol consumption tips
  9. Car maintenance tips
  10. New car purchases - optimise the process
  11. New car purchases - new v. used cars
  12. New car purchases - used car checklist
  13. New car purchases - funding options
  14. New car purchases - negotiation tips
  15. Car renovation
  16. Car sales and trade-ins
  17. Public transport savings tips
  18. Elements of a financial plan
  19. Financial values
  20. Financial goal setting
  21. The importance of symbols
  22. Financial risk profiles
  23. Financial net worth assessment
  24. Expense tracking
  25. Expense tracking v. budgeting
  26. Investment planning - asset allocation
  27. Investment planning - product selection
  28. Target net worth and plan summary
  29. Insurance protection
  30. Estate planning
  31. January 2013 in review
To keep up to speed with the latest posts, sign up to follow the blog by email.