Happy New Year! This time on “Real Personal Finance,” we’re looking at New Year’s resolutions and how you can set habits that really bring in the results you’re looking for.
If something matters to you, you should start right away, regardless of what time of year it is. That being said, January 1 is traditionally a time when people reflect on what they want out of life, so if that’s you, then don’t waste it!
First, you want to know the destination that you’re aiming for with your new habits. If you just say, “I want to get healthy,” you will be less motivated than if you say “I want to lose 50 pounds so it’s easier to play with my kids.” Having a clear goal and an established why behind your new habits will help build internal motivation.
Next, we look at how to implement your new habits. We’ve both read books that had a major impact on how we make decisions – for Meg it was “Switch,” for Scott it was “Atomic Habits.” Both books provide clear frameworks on how to build better habits.
Last, we look at two final questions. First: When will you start? Answer: Right away! Then: Who will hold you accountable? Answer: Someone other than your spouse! Scott recommends the P.E.E. framework – bring in a Partner, Enforcer, or Expert. Either someone to do it with you, someone who has the power to whip you into shape, or someone who knows a lot about it and can help you accomplish your goal.
In the latter half of the episode, we look at a few of our favorite financial habits that could help boost your resolutions, like setting yourself up to max out for 401(k), automating savings, trying to save 1% more than you did last year, and more.
Tune in to learn more. And whatever your goals are in 2025, we wish you luck!
Connect with us!
Scott Frank on LinkedIn
Stone Steps Financial
Meg Bartelt on LinkedIn
Money can be confusing—but it doesn’t have to be. When you’re able to understand the complexities, you can make better decisions to improve your daily life. Are you ready to align your money with your ideal life? Connect with us at Stone Steps Financial or Flow Financial Planning.
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