As the year draws to a close, it’s time to start thinking about our New Year’s Resolutions. Every year, I will set about 3-4 goals to accomplish throughout the year, most of them related to finances. Here were a few of my last year’s goals:
- Increase more sales to own business
- Buy a house
- Build more investment portfolio
However, I had just accomplished the 2 out of 3. That’s ok though, because at least the goal was in place and we worked towards achieving it. Next year, my goals will be similar and hope that I can achieve it. Here are some must-haves on the list:
Make Quick Profits
Since equity markets have appreciated considerably since year 2008, the opportunities of quick and high profits have shrunk. Investors will have to be very selective, more patient and also tone down their return expectations in 2013. However, I will be more focusing on generating fast return from stock trading next year.
My current stock investment account balance is RM25,000-RM30,000. I will top up an additional fund of RM10,000 in my stock portfolio on January onwards and it will be revised on 1st July 2012. This is for me to go through stock performance screening process to ensure that I won’t commit all my funds allocated for poorly performed equity.
My net profit target next year will be 30% ROI (Return on Investment) with approximately 2.5% profit each month. I believe that it’s achievable if using the dFormula 3.0 - improved investment strategies and techniques which have been tested successfully.
Keep on learning
I will make a purposeful learning plan. I will try to look for formal and informal training opportunities, ranging from in-house courses to financial/investment seminar.
Besides that, I will learn to keep things more organized but also to keep things flexible as well. Being flexible and goal oriented can not only keep you on track, but you will feel more positive as well.
I will try to fill in the days and assign goals on the right by week. This is great for scheduling in special functions, appointments or anything else that may need to remember at a glance.
Listed below are my action lists which will help me become much healthier:
- Eat healthier than I did in 2012
- Go for a run at least once per week
- Take more nutritious food such vitamins, calcium magnesium, protein etc.
- Eat more vegetables and fruits, cut down on the sweets etc.
- Keep regular sleep hours ( sleep earlier and at least 7 hours)
- Getting a girlfriend (maybe)
Most of the time, I will try to be as specific and as realistic as possible when setting the goals. I first decide where I want to be at the beginning of 2013, and break it down from there. Do you know that only 20-30% of people accomplish their New Year’s Resolutions? This is because they’re not specific and realistic enough. The most common resolutions related to finances are to “save more” and “spend less.” For me, it’s not that tough to save money as I had started nurturing the interest in saving money since childhood.
So, have you make a list of New Year’s Resolutions? What are some that you make regarding finances? Wishing you all a very happy new year! May 2013 bring you all the joys and funs!