Excerpt from What are the Do’s and Don’ts of New Year’s resolution-making?
There are two components to New Year’s resolution-making:
(1) The development of meaningful and attainable goals.
(2) Tracking progress toward reaching these goals.
– Do identify 1-2 goals associated with each “category” of your life, e.g. professional development, fitness and nutrition, financial. Don’t haphazardly identify and list a dozen goals without any organizational structure.
– Do set a weekly self-check-up appointment on your calendar to track progress of your 2019 resolutions. Don’t hope “things will come together” after setting your 2019 goals. Periodic assessment of progress will ensure accountability.
Do you have any tips for people with financial resolutions?
Spending less than you earn and investing prudently are the cornerstones of financial freedom and stability. Skip Starbucks and enjoy your morning coffee at home. The compounding of these weekly savings over 20-30 years could add tens of thousands of dollars to your nest egg!
Read the full article at Wallet Hub’s website: www.wallethub.com
Gabriel Hament is investment advisor representative to foundations and charitable accounts. Hament works closely with the management teams and boards of directors of nonprofit institutions to design investment allocations in alignment with organizations’ mission and unique objectives. He is a native of Sarasota and serves as a member of the Sarasota County School District’s Financial Advisory Committee, monitoring the District’s investment accounts ($50 million core portfolio).
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