New year resolutions are fun to make and even if you carry them out for a month – I guess that’s a lot better than not doing anything at all.Â A few of us can actually make lasting changes and that of course is great and what we should aim for.
With that in mind, I contacted a few folks who OneMint readers should easily recognize, and asked them for their new year resolutions or what they thought other people could benefit from.
I got some varied and interesting responses, and I think they are very sound ideas and most of us have given them a thought at one point or the other – this might be just the chance to adopt some of these or come up with a money resolution of your own.
Furqan’s response was the most amazing, and you will see in a minute why that is but before that here is a summary of everyone’s thoughts.
I had to shorten a few things which people had to say because I wanted to fit it all in one image, so here is the whole version of what some of these people said.
Furqan’s note to me was actually quite inspiring because I had written to him sometime last month, and not only did he plan on something – he actually lost 5 kilos and executed on some of that plan as well!
Here is Furqan:
At the start of each year I take resolutions, many of same types as previous year and
wonder, with a sense of bewilderment, how I end up in the same situation once again.
This time your email made me ponder and thought of making this year different. I
decided to take time to think about what I can do differently in 2012, so that at this time
next year, I will look back with a sense of accomplishment and pride.
As a first step, instead of waiting for the new year I took the immediate personal
resolution to change to a healthy life-style. Met my family doctor who ran some tests
and based on the results embarked upon improving my health. Met this dietician, took
wife into confidence, started regular morning walk and meditation. You will be surprised
to know that I lost 5 Kgs in a month and half. I feel great, healthier and energetic.
On the professional level I chose my 3 loyal clients who were simply investing without
a Financial Plan and did their Financial Planning free of charge. This resulted in, one,
a better understanding of their financial health by the client and second, a sense of
accomplishment for me.
To go ahead in the same direction, Iâ€™ve made a list of 5 New Yearâ€™s Resolutions. Small
things that can help make better, smarter decisions, for me and my clients, for the
coming year and the years ahead.
My New Year Resolutions on professional front are:
1) Do an FP for atleast 1 client a week.
2) Help clients make more money that will help me progress.
3) Invest in myself (Education is Empowerment).
3) Learn one new thing about Investing/Finance every month.
4) Take action and apply what I learn.
My New Year Resolutions on personal front:
1) Continue Daily Walk/Exercise
2) Write a Gratitude Journal
3) Self Coaching Questions
I was very impressed by what Furqan had to say and it inspires me to carry out my own resolution firmly and throughout the year.
Now, here is Hemant:
Budget is the “”numero uno”” step of financial planning & it is also the only panacea for good financial health. With technological enhancements, every day it we face new ways to spend our money without realizing its long term impact.
When you donâ€™t have budget everything looks important & necessary. Biggest problem of not having budget means you are likely suffering a financial disease called “”I NEED IT NOW””. It looks so good so… I NEED IT NOW, there is good discount so… I NEED IT NOW, my friend bought it & I am suffering without it so…. I NEED IT NOW & the story continues. Are you a kid?? Remember the most insane reasons we gave to our parents just to own a stupid looking toy. Donâ€™t feel guilty you still have time to improve it. Just do it!!”
The size of these responses vary because my request was a little vague, and thanks to Adi, Hemant, Furqan, Shiv, Bemoneyaware, ShabbirÂ and Manish for sparing their time, and sending these in.
Your turn now – what’s your new year resolution?