Big Money, Big Mood for 2020

How to Make This Year Your Best

by Meredith Morris

Financial Frequency. myCash

January 6, 2020 .2 min read

With the past decade behind us, we’re looking into the future with newfound clarity. Our New Year’s resolutions have often included losing weight, saving money, traveling more, making a big purchase, or something that we spend the year focusing on. This year, let’s set goals that will not only bring success but will also bring a sense of peace to our busy lives for not only this year but for the next decade. 

Here’s what we’re focusing on to start this new decade off right.

Think about the Now, Next and Later

Setting major goals for a whole decade is both ambitious and completely overwhelming. The key to planning longer-term goals is setting a series of shorter-term goals in 90-day increments. The hardest part is working toward the future while still living in the present. By breaking down these goals into 90-day increments, you’ll have the freedom to pivot your plans when necessary. Thinking about the long term this way will set you up for success.

Plan for the Unexpected

With so much emphasis on envisioning what you want and manifesting it into reality, many of us are afraid to even think about what could go wrong. What if everything we put on our vision board is sacrificed by thinking this way? But planning for the unexpected is different from willing things you don’t want to happen into reality.

By preparing for the fact that none of us are 100% in control—we’ll have the peace of mind to take bigger risks later. Set yourself up now while it’s still early. Take those what if’s and make sure you’re covered for them. 

What if you or a loved one passes away unexpectedly? What if there’s a medical emergency and you can no longer work? What if your aging parents need more care than you expected? Planning for these events ensures that the future you’ve envisioned will not be impacted. 

Start to Recognize - and Ditch - Your Financial Triggers

We all have payoffs and costs to our financial decision making. The payoffs of our decisions are the sacrifices that need to be made and habits that need to change, and costs of our decisions are the temptations or triggers that throw us off course to personal success. 

The first thing in recognizing our financial triggers is to understand how we weigh decisions with these high costs. While the payoff for buying that designer bag is that you will impress all your friends, the real cost of it is that you will have to dip into your savings to pay your rent this month. Is that worth it in the long run? Once you realize what your financial triggers are, you can start to adjust goals accordingly if they go off track.

By changing how we look at the future and how we’ve planned in the past, we can break down the barriers that have held us back in the past. We can’t wait to kick this decade off right.