You made it to the new year. Congratulations!
We’d like to get you started in the new year with a new financial goal, inspired by one of the greatest investors of our time, Warren Buffet.
“The most important investment you can make is in yourself.”
― Warren Buffett
This not only relates to your financial wellbeing but all aspects of your life. While you’re busy making new year’s resolutions, please think about the most important factor in your planning – you.
You have to choose yourself daily, if you are to make a success of this life, however you may define it. Choosing yourself means prioritizing peace in your life over unhealthy family relations or friendships. It means choosing healthy financial habits as much as possible over keeping up with the Jones’.
As financial advisors, we recommend adding the following to your resolutions (if that is your thing):
- Physical and mental health
Without health, you will have great difficulty pursuing your goals and enjoying the fruits of your labour. It’s beyond going to the gym and eating well.
Learning a new language or getting another degree is great and could be the change you need. But, sometimes the change you need in your life is internal. A change in attitude, practicing gratitude and being less entitled may make a world of difference. Being honest about who and what you are is the first step towards self-discovery and self-development.
- Pay yourself first
Route money towards a savings/investment product before your monthly living expenses and other discretionary purchases. This method ensures that you continue making your chosen savings contributions monthly and removes the temptation to overspend unnecessarily.
Have a good week!