How to Achieve Your New Year's Resolutions, Ep #26

When it comes to New Years resolutions, are you in the 92% or the 8%?

The number’s a bit shocking but science tells us that 92% of people don’t accomplish the goals they set.

Maybe this describes the theme of your financial decisions lately. Life has never been busier and you find yourself constantly struggling with the follow through. Let us help you change that.

Given that the top two new goals each year involve your fitness and your money, we use today’s show to compile a list of 5 tips and tricks you can use to get your financial goal setting back on track. Spoiler alert, some of the tips don’t involve setting goals at all.

Facts and Links Mentioned In the Show

92% of People Don’t Accomplish Goals [Inc. Magazine]
Warren Buffet’s 2 List Strategy [James Clear]
Essentialism: The Disciplined Pursuit of Less Book [Amazon]
6 Tips for Setting Your Financial Goals [NY Times by Carl Richards]
Wright Brothers example. [Morgan Housel]
Why Financial Planning Success Requires Setting Small Goals [Michael Kitces]
Getting 1% Better Each Day [James Clear]
Growth Without Goals [Investor Field Guide]
Way Of Life App
Productivity Planner
100 Blocks a Day Exercise [Wait But Why]

Show Notes

2:35 – Essentialism and Idea of Tradeoffs
3:50 – Warren Buffet 2 List Strategy
4:45 – Record them somewhere – 50% more likely to accomplish goals according to GoalBand.com
5:15 – Only 3% of adults write down goals and why if you do, you’re 75% more likely to accomplish goals according to Psychology Today
6:10 – Common obstacles preventing us
6:45 – Not Being Clear Enough and the Cheshire Cat
8:40 – Lack of Progress and the Wright Brothers
9:45 – We bite off more than we can chew
10:20 – Value of Setting Small Goals with Michael Kitces
11:00 – Examples of Small Financial Planning Benefits
13:30 – Idea of Growth Without Goals
14:13 – Assess Your Priorities
14:25 – Aggregation of Marginal Gains (1% better each day)
15:30 – Better Ways to Prioritize handling email – 4 D’s
16:10 – Financial Planning Opportunities You May Be Missing
17:08 – List of Tools/Apps to Help Accomplish Goals
20:05 – What is Your MIT?
21:40 – Share Selectively
22:55 – Recap of our Goals from Last Year (Episode 4)