Posted on: 17 Jan, 17
Welcome to our Guide to New Year Wealth Planning. The start of a new year enables you to reassess and critique your financial plans and goals to ensure that you know where you are and where you should be. It means you can also put in place new strategies or update existing ones to achieve the outcomes you are expecting. It means you can work towards and meet deadlines and allocate sufficient time to completing these financial objectives.
When it comes to setting financial goals, they should be specific, measurable, achievable, relevant and time-bound. Having said this, one of the main reasons why some people don’t achieve their financial goals is because of the loss of commitment due to decreased motivation, lack of interest or changes in priorities. But most of us want a life full of meaning and adventure without compromising our financial futures, and a little pain now in terms of planning can mean we avoid a whole lot of pain later on.
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