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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.

• Self-development

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!

Should you have to time read during the upcoming holidays, here’s a reading list that’s highly recommended. This comes from Sam Parr of the Hustle. He recommended this list in 2015 and according to him, you’ll know more than 99% of MBA graduates once you’ve gone through these books. I’ve read Mastery and 48 Laws of Power so far. Both great reads.

 

“Titan: The life of John D. Rockefeller, Sr.” by Ron Chernow – A must read for anyone interested in business	“The 48 Laws of Power” by Robert Greene – Strategy: How to navigate the corporate world
“Influence: The Psychology of Persuasion” by Robert B. Cialdini – Sales: Getting people to buy what you’re selling	“Letters to Berkshire Hathaway Shareholders” by Warren Buffett – Communication: You need to know how to talk good
“Confessions of an Advertising Man” by David Ogilvy – How to make things look sexy	“Team of Rivals: The Political Genius of Abraham Lincoln” by Doris Kearns Goodwin – Organizational Theory: Learn from America’s greatest president
“The Intelligent Investor” by Benjamin Graham – Finance: Written by Warren Buffett’s mentor	“The Wealth of Nations” by Adam Smith – Economics: Dull but necessary
“The Adweek Copywriting Handbook” by Joseph Sugarman – Copywriting: The most underrated skill in business	“How to Win Friends and Influence People” by Dale Carnegie – Networking: One of the best-selling books of all time
“Mastery” by Robert Greene – Self-development: Often ignored but most important

 

 

The Wealth Creed team wishes you and yours a peaceful, enjoyable and safe festive season.

We’ll resume our weekly newsletter in the new year.

 

Happy holidays!