Just like that, the new year is upon us and I believe so too are the new year’s resolutions that most of us have set for 2020. While we are usually quite excited about and dedicated to these resolutions at the beginning of the year, it tends to become more difficult to stick to them as we move deeper into the year.
Things become busier once the year has kicked off, and before we know it, we get stuck in the same rhythm that made it difficult to stick to our resolutions the previous year. The sobering reality is that if you don’t invest in proper planning and apply strict discipline to achieving your resolutions, you will fail to do so.
The same focus and dedication you apply to your new year’s resolutions should be applied to your investment strategy and savings plans. For some this may mean a dream holiday at the end of the year after spending the holidays at home in 2019, and for others it may mean something more long term, such as planning for an all-important retirement.
Whatever they are, the same steps you follow to achieve your new year’s resolutions can also be applied to achieving your investment resolutions in 2020.
1. Do it for the right reasons
This story is from the 16 January 2020 edition of Finweek English.
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This story is from the 16 January 2020 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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