Have you ever celebrated New Year’s Eve by setting a goal to get started on the very next day when the calendar changes to a brand new year, month and day? Most of us have. However this isn’t the smartest way to do things. It gives you precious little time to plan ahead for one thing.
So as we finally enter the last month of 2014, let’s look at how you can turn the investment goals you have for 2015 into a reality.
Start planning now
If you have an idea of what you want to achieve for 2015, how much you want to invest and where you want to invest it, this is the time to get those ideas down as a concrete plan.
Oftentimes people will set a New Year’s Resolution just as the clock strikes midnight to send us into a new year. It’s no wonder then, with so little in the way of preparation, many of these people will fail with their goals within a few short days or weeks. Start now and you’ll automatically be off to a better start.
Plan for failure
Sounds negative, doesn’t it? Yet this is exactly what you need to do in order to stand a far smaller chance of actually failing in the first place.
Every resolution will have its challenges. With dieting it is days when willpower is at its lowest. With investing it is those days when you don’t seem to have as much money to save as you thought you would. Whatever the challenge might be you can vastly reduce the odds of failure simply by planning ahead.
Think about what the most likely challenges are going to be in your own unique situation. Are you likely to be tempted to spend frivolously when you get paid for example? Would you be likely to forego investing altogether if you missed just one month? Think about the potential stumbling blocks in your situation and find ways you can combat them. By having potential solutions in place in advance – just in case you need them – you stand a better chance of successfully investing for as long as you need to.
The New Year starts now
We may still have a month to go on the calendar but in a sense it really does start now. The plans you put in place in the next few weeks could make the world of difference when it comes to achieving what you truly want to achieve in the New Year.
You also have time to crunch some numbers to work out whether you can save what you want to save and achieve the goals you’ve set for yourself. Starting out with a completely unrealistic goal is a real possibility if you don’t, which is yet another reason to get started now.
Even though we’re all getting caught up in the rush of the holiday season, there’s always a little time left for you. Why not use it productively?