“Welcome aboard, 2018!”
“2018, please be good.”
“Sana suwertihin ako ngayong taon.”
“This year, sana magka-love life na ako.”
“This year, mag-iipon na talaga ako.”
“This year mag-da-diet na talaga ako.”
You can hear all these hopeful sayings whenever a new year comes. A new year that somehow builds our once broken hopes and dreams.
And then we did our bucket list, travel goals, fitness goals, and financial goals.
But then, reality kicks in. According to a survey made in the U.S, all the new year’s resolutions ended in January.
Motivated ka sa una, pero hindi mo pala kayang mag-commit.
Just a disclaimer, I’m not a financial expert or guru. I was “once” a financial advisor but don’t ask me for any specifics, and in these financial blog series, I will talk only about my experiences, what I also learned from the gurus, and also what I am doing.
And before we are going deeper, let me start this series on how to reach your financial goals this year.
“Ang hirap maging adult! Sana estudyante na lang ulit ako!” I once heard this from a young professional who mumbled because of his financial responsibilities.
Some veered away when his friends talked about money. That’s one way of escaping from reality. And a lot of Filipinos doesn’t want to talk about it as it is a “taboo” topic.
While in some Chinese families, they often talk about it. Where to do business, where they will put their hard-earned money, etc.
Do you want to reach your financial goals this year? Here are some tips;
1. Set a goal first! Be specific.
Zig Ziglar, a motivational speaker said, “If you aim at nothing, you will hit it every time.”
Buy a journal notebook or planner and write down your financial goals there. For example:
“This 2018, my aim is to achieve 100k pesos worth of savings and investments.”
Now I know you will ask “how”, but just leave your goal written there.
2. Don’t Announce it.
If you want to succeed, don’t announce it. There’s a study that people who announced their goals to the public often accomplish less.
Yesterday, I posted some things I’ve accomplished last year and what I wanted to “look forward” this year on my Facebook account. It was not a goal but rather list of things I’m looking forward.
3. Commit yourself to it.
Now here’s the hardest part. Wag mo iwanan sa ere yung goals mo katulad ng ginawa mo sa ex mo.
Here’s how I commit myself to my goals:
- Divide your specific goals to 12 months.
For example, my goal this year is to save a hundred thousand pesos. So my monthly goal is to save 8,333 pesos per month. Write it down:
“This month I will save 8,333 pesos. I will deposit or invest that amount before spending.”
Again the rule should be: Expenses = Income — Savings
- What are my action plans?
Here comes another challenge. What actions should I take to achieve this goal? Be thrifty, spend less, find another income stream, buy an investment product, open a.bank account, that is your call.
For instance, buying investment instruments or products will help you a lot in building the habit of saving. But just make sure it is a legal company.
Stay away from Ponzi schemes, multi-level marketing that promises high returns when you recruit people. If it is good to be true, then it is not good, beware!
4. Educate yourself.
You are here because you want to know more. Congratulations! Don’t stop, buy books that will help you achieve your goals.
It was 5 years ago when I jumped-off from being a hard-core gamer to a reader. Up to this day, I owned and read more than 200 books and I love it!
I also attended a lot of seminars makes me eligible to be called “seminarista”. Don’t be afraid to spend a lot on education. Wisdom is proven the most expensive. It has no guaranteed returns, but it can make you wise and rich.
Currently, I’m now exploring and studying in the possibility of investing on cryptocurrencies like Bitcoin, Ether, etc. Welcome to the digital era of currency!
If you constantly ask “how”, then probably like me, you need to study more. Again, do not spend either invest on something you do not know.
5. Commit your plans to God.
Do you want to be successful? then commit your goals to God. The Bible says in Proverbs 16:3 – “Commit to the LORD whatever you do, and your plans will succeed.”
If He prospers it then it is not against His will. And blessed are the people who commit their ways to God.
So can we please stop telling 2018 to be good to us? Because 2018 will never be good to us if we don’t start it from ourselves.