Is it time to set some 'slightly after new year's' resolutions?

Welcome to 2020, did you make a resolution?

It is natural to make a resolution at new year’s. Deciding how the coming year is going to be different from the last. It is also natural to have forgotten this by Jan 5th.

New year’s is actually not a great time to set goals. In fact any other time of year is probably better. Let’s look at why.

1: You are not at work and out of your routine

2: You may be ‘partying’ a little harder than you usually do

3: You may be holding regrets from the year that has passed.

None of these things put you in a great state of mind to make the life altering decisions that you feel you must, because it is December the 31st.

So, when should you make a resolution? Any other time really.

How about now?

Resolutions or goals, do not have to be useless things that are quickly forgotten. They should guide you for the year ahead. So, how do you make sure that they will stick?

Here are my 3 tips to setting achievable ‘slightly after new years’ resolutions.

1: Make them specific

Don’t say ‘get richer’ I could hand you a fiver and you’d be done. Resolutions are statements about what you want to achieve.

‘I want to set up an investment account and save 10% of my income.‘

‘I want to make sure that my partner is looked after if something were to happen to me’

The more specific the better, at least then you will know if you have achieved it.

2: Go Big, but break it down.

‘I want to be out of debt’ is a great resolution but if you owe upwards of half a million dollars it might seem overwhelming. Take large goals and break them down into bite sized pieces.

‘I want to pay an extra $10,000 of my mortgage this year’ might be better.

3: Action, Action, Action

As soon as you make a resolution, do something towards completing it.

The first step is often the hardest and even leaving it until tomorrow might just kill your whole ‘resolution setting mojo’

So what do you want to achieve in 2020?

Drop me an email at with your resolutions or connect with us on social.

Have a great day.


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Ben Graham-Nellor is an advisor, coach, blogger and speaker who has worked in the financial services industry for over 15 years. He believes that by educating and advising people today, they can improve their tomorrow.

BGN Financial Management Pty Ltd is a Corporate Authorised Representative 468796 of Professional Investment Services Pty Ltd AFSL 234951 ABN 11 074 608 558

The information in this communication has been prepared on a general advice basis only. The advice has been prepared without taking account of your specific objectives, financial situation or needs. Accordingly, you should, before acting on the advice, consider the appropriateness of the advice having regard to your objectives, financial situation and needs. In cases where the advice relates to the acquisition, or possible acquisition, of a particular financial product, you should obtain a Product Disclosure Statement (or other relevant information statement) and consider such document before you make any decision about whether or not to acquire the product. For these reasons, it is imperative that you seek advice from your financial adviser before making any investment decisions.

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