Six Months In: Have You Failed in Some of Your 2013 Financial Aims?

If you remember, around three months ago we looked at how your financial goals might be shaping up for the year. We tend to start a New Year with good intentions in many ways, not least of which is the financial sense. Of course things don’t always pan out as we hope they will, and even with the best intentions our plans can derail.

So while we looked in on progress three months ago, perhaps we should now do so again, now we are virtually halfway through the year. By now you will probably have stuck with some financial goals and all but abandoned others. Thus it is a good time to think about where you are heading for the remainder of the year. After all, there are still six months to go and if you refocus your energies now, it may not yet be too late to embark on some of the goals you have abandoned.

Why did you forget certain goals?

If you abandoned one or more financial goals, this is the time to ask yourself why. Did you find the goal did not actually meet your needs after all? Did you perhaps think some goals were more important than others, and so you focused on those first of all? It is not a problem to prioritize your goals; indeed it is often a good idea to do so. If you can do this you will generally find you achieve more because you focus on one above all others, and then move on to other goals.

When you review your goals, look at the ones you set to one side. Do you want to pick them up again or would you rather let them fall by the wayside? It isn’t wrong to go for the latter approach; you simply have to know whether you have genuinely no longer got a passion or need for that goal.

Finding a purpose for the next six months

If you want to make sure you get the most out of your year, now is the time to make sure you refocus. Look at the goals you have achieved and consider what else you could achieve in a financial sense for the remainder of the year. Even if you cannot fully achieve a goal in six months, you may at least be able to get closer to achieving it. It all depends on the goal, but you must make it realistic so you know how to make the most of the time you have left this year.

In the end, it doesn’t matter whether you are pleased with your financial progress thus far this year or not. It is what you choose to do from this moment on that will make all the difference. If you can make sure you are able to do your best and refocus your energies on your financial goals, you may still achieve more than you may think.

New Year, New Financial Goals?

We are now a little over a month into the New Year. The festive season may seem long gone, as is the time for setting New Year’s Resolutions. But it doesn’t mean it is too late to make strides in the right direction when it comes to achieving your financial goals.

For example, you may have set a financial resolution for the New Year. Whatever it may have been now is a good time to review your resolution and your progress. Have you done what you wanted to do? Have you achieved anything yet? Have you taken notable strides towards your financial goals?

If the answer is yes, you can review your position, adjust your focus if necessary and then keep on going. If the answer is no, it is also a good time to review your position. You may think you have failed in achieving your goals, or at least taking steps towards them. But this isn’t necessarily the case. You are only failing if you ditch your resolution now.

Have you forgotten your goal?

Don’t worry if you have – people around the world will have forgotten their goals by now. The thing that will separate you from the ones who failed is that you can carry on. There will be obstacles and challenges in the way of everything you try to achieve. It is how you get round or over these obstacles that will make the difference.

This is why it makes sense to review your goal and to see what is working and what isn’t. Even if you have strayed away from your goal over the past few days or weeks, you can make changes now to refocus.

How to get back on track

If you have found it difficult to remain on schedule with regard to your financial goal, think about what made you set it in the first place. Very often you can focus on the motivating reasons and use those to get you back on track again.

Alternatively you may find you no longer have any passion to reach that same goal. This can happen, and if it does this is the ideal time to find a new focus – a new financial goal to target. This doesn’t mean the earlier goal was a failure, or that you didn’t choose the right one to begin with. Times change and so do we, which is why we must be ready to find the right solution to the problem.

The point is we can set new financial goals or re-ignite old ones at any time of the year. Don’t wait until next January 1st to figure out what your goal is for the New Year, or to restart an old one. Start today and look at achieving your financial goals again. You’ll be glad you did, especially when you look back in months and years to come and see the progress you made. You might be pleasantly surprised at how much you achieved.

Editions TV Show Looks at 4 Reasons to Buy a Second Home

Right now, the real estate market is considered a buyers market.  Over the last few years, home prices have fallen dramatically in most major markets, and interest rates on home loans are the lowest on record.  Both of these reasons makes it a really good time to buy real estate. You can find amazing country houses for sale.  However, what if you already own a home?  Should you buy a second home?

Editions TV with Terry Bradshaw looks at some major reasons why now is the time to consider buying a second home.  For many people, they go to the same few places all the time on vacation, and this can be a great reason to buy a second home.  But what other factors are there to consider?  What should you know?  Here are some of the key things to think about when considering buying a second home.

The Financial Implications

The first thing to consider about getting a second home is the financial implications of it.  As mentioned earlier, right now, home prices and interest rates are both very low.  This can make it financially easier to buy a home than it would have been in the past.   However, as Editions TV show points out, it can be incredibly difficult to get a loan right now.

Lenders are being very strict with who they lend to.  In order to get a loan on a primary residence, not even a second home, borrowers have to have impeccable credit, with very high credit scores.  As such, you may have to put much more down on a second home, or even pay all cash.  However, since prices are low, this can be a good investment.

 Editions TV on Family

Family is important to most people.  And having a comfortable place for everyone in the family to get together at is very important.  Having a second home can also be a second home for the entire family.  This can be a place where birthdays and reunions happen, or even fun family events like Thanksgiving or Christmas.  When you have a second home, it is more than just a place, it can be a meeting place for the whole family, who can hopefully enjoy it for years to come.

A Home Away From Home

Plus, having a second home can be a home away from home for you.  Instead of staying in a hotel, staying in a second home should be much more comfortable.  With a second home, you can decorate it exactly how you would want to.  You can furnish it with your belongings, and put up your family pictures.  That way, when you stay at your second home, it is just like being at your primary house.  That really makes it a much more comfortable place to stay than just any lodge or rental house.

Plus, when you have your own home, you can cook and have all the amenities that you’re used to having.  This can make it much more comfortable than a hotel room or something similar, and can be great if you plan on having family over.

Making It A Smart Investment

Finally, Editions TV with Terry Bradshaw believes that you can make getting a second home a smart investment.  First, if you travel a lot, look at how much you spend on hotels and lodging for the year.  Then, look at what the cost of a second home would be?  If they are close, why not invest in a second home that would probably provide you with more amenities that you would normally get while you’re traveling.

Second, a second home can be a good source of income when you’re not using it.  If you are thinking about getting a second home in a tourist area, you can leverage that home to be a vacation rental when you’re not using it.  There are many vacation rental firms out there, and they can handle the logistics of it while you just enjoy getting a paycheck when you’re not there.  And when you want to stay there?  You just let them know.