To create lasting financial security with a balanced lifestyle through education.
Why Eddie can make New Year’s Resolutions happen
With Christmas looming and New Year following, resolutions fly around everywhere – by March they are often a distant memory and by Easter we’re hopping into chocolate delights. We let ourselves off the hook because it’s too confronting. We know it’s important but life gets in the way and we just don’t get around to doing those things we planned to do. Worst of all, we beat ourselves up for our failings which leads to negative thinking and letting the external influences control our lives.
We can speak with great authority on this, as we have done this plenty of times ourselves and the feeling of let down and failure can be all too consuming. So, let’s create a practical plan to overcome this issue using this time of year as the example. Many of us are now inundated with Christmas gatherings, end of year parties, celebrations, etc – how do we decide which ones to attend? Generally, the “Lock it in Eddie Principal” applies.
We are invited to a street gathering on the 18th of December but the work Christmas Party has been locked in since September on that same night, almost 100% of us will respectfully decline the street party because we already locked in that night to go to the work function.
So, let’s apply the same logic to our year end resolutions thinking through the prism of personal finances, being financially secure and organised.
The resolutions are often:
1. Must get that Will and Power of Attorney done
2. Need to sort out my loans with the Bank
3. Really want to get those HR policies in place at work
4. Must build that marketing campaign to build the pipeline so May to July is never again as quiet as it was this year
5. Must sort that superannuation and personal insurances out
6. Must upgrade the way we do things in our business to be in the 21st Century
7. The list goes on……
The step to take before Christmas (when we are all extremely busy) is to make a series of phone calls and lock in these actions for specific dates & times in 2016.
Arrange a meeting with:
1. The solicitor in February to get the Wills and Power of Attorney’s done
2. The bank manager in March to review all your loans
3. Yourself (yes, yourself!!) in January for 2 days to get the HR policies done
4. Your marketing manager (may be yourself) for 3 hours in March to create a campaign for May to July
5. The accountant and financial planner to review the super and insurances in February (as this probably fits in with the will)
6. The IT guy in March to find out some options around our systems
7. That course on creating systems in February that our accountant is running
Bang! Resolutions made and actions booked and we’ve now committed that time to another person so are far less likely to let them down by a change or no show. So, when that crazy customer rings up in February and says “I need to see you tomorrow” you can say “Sorry, I’ve already booked a meeting to review my insurances which has been locked in since December so can’t do tomorrow – how would Friday suit you?”
All of a sudden life didn’t get in the way of getting that important task completed and come December 31st, 2016 you can say –this year I achieved ………………………………..