Making a New Year resolution is quite easy. Practicing the same is otherwise. I’m writing this based on my experience. 🙂
When a resolution demands high levels of discipline, the task becomes all the more burdensome.
First, most of us generally fail to make reasonable resolution(s). And that is the biggest reason why most of us fail to keep the one(s) we make!
Instead of “I’ll start my exercise schedule by walking 3 kilometer every day”, we would resolve to “sprint 5 kilometer every day, starting January 1”.
One such (difficult) resolution that we often fail to put into practice relates to how we plan to work on our money-related issues.
Here are some of the most common money resolutions that people make at the start of a year…
- I’ll try to become a better saver in the New Year.
- I’ll invest less than 20% of my money in stocks.
- I’ll not invest in stocks at all, even if stock markets go up.
- I’ll not listen to my financial advisor in the New Year.
- I’ll make my own investing decisions instead of depending on others.
You might have your own money resolution for the New Year. If yes, tell me – What’s your money resolution for 2012?
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