Don’t Let Your Goals Fizzle Out! – 5 Reasons Goals Fail, and What You Can Do To Make Yours Succeed

Instead of focusing on the process, focus on the end result.

It’s become a yearly ritual for many: Set ambitious goals for the New Year, tackle them enthusiastically for a few weeks, and then give up on them completely by March.

This is a vicious cycle that encourages you to feel bad about yourself, and feel as though you’ll never get out of your rut.

Whether you are setting goals for your finances, or whether you are attempting to substantially improve your life, the yearly attempt (and subsequent failure) associated with resolutions can be frustrating.

If you’re ready to break the cycle, it helps to understand why you fail, and what you can do to create success in your life.

Here are 5 Reasons Goals Fail — and What You Can Do to Overcome the Pitfalls of Resolution-Setting and Succeed This Year:

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Five Habits That Keep You From Achieving Your Goals

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For every successful novelist, blogger, business owner, Olympian, inventor, and innovator you can name, there are countless individuals who never made it to the top of their game.

While luck and talent play an important part in these success stories, these individuals have ultimately succeeded because they have gotten out of their own way.  They have conquered these five bad habits that can keep even the most talented individual from achieving greatness:

The Five Habits That Keep You From Achieving Your Goals

1. Failing to plan.

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The $100 Startup Only72 Sale – Follow Your Passion and Make Money Doing It

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How do you answer “what do you do?” when you meet someone for the first time?  Do you give a sheepish answer?  Do you shrug off the question because you don’t truly love the work you do?

I’ve been in that position!

Ever wish you could start your career over?

Would you love to create your own business that you love?

Do you want to be your own boss?

Chris Guillebeau has travelled to over 175 nations.  He’s looking to visit every country on Earth.  Oh, and he’s only in his early thirties (in contrast, I’ve been to about 5 countries besides the U.S. and except for Canada, all the others are Caribbean tourist destinations).

That in itself is a pretty cool and interesting feat!

But how does he pay for all that travelling?

Well, Chris has a certain knack for taking his ideas and turning them into profit.

In his latest book The $100 Startup, Guillebeau culls together information from 50 case studies of individuals who have built businesses that earn $50,000 and more, many of which started out with $100 or less.

The book is a simple guide to help you find your own personal expertise that you can build a business into.  Read valuable lessons from other successful entrepreneurs and see how you can do the same.

Sounds like a pretty cool book, right?

It’s on my reading list and it’s not even out yet.

Only72 Sale

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7 Money Mistakes That Can Keep You from Achieving Your Goals

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Schools don’t do a very good job when it comes to teaching basic money management skills. 

If we want to learn how to handle money we pretty much have to rely on the example set by our parents, as well as our own experiences of trial and error.

If we’re lucky we figure things out early and get a head start on the path to financial freedom.  But all too often we fall into the same money traps that keep so many other people from achieving their dreams.

If you want to take control of your finances and start building wealth you need to avoid these common money mistakes…

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What Do You Think of New Year’s Resolutions?

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This is the time of year where you come up with a list of resolutions for the New Year.

Some want to exercise more.  Others simply want to lose weight.  Some want to save more money, while others want to get out of debt.

What do you think of New Year’s resolutions?

I’m not sure what to think, to be honest.

On the one hand, I think it’s important to have goals.  A great goal that you follow through on give you guidance and something to aim your energies towards.

But I think setting a resolution or a goal just because the calendar changed is a bit odd.

Why not set goals throughout the year?

My Problem with Most Resolutions

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10 Things Similar About Personal Finance And Running The NYC Marathon

NYC Marathon

It was a little over two years ago that I completed all 26.2 miles of the ING NYC Marathon.  This past weekend over 40,000 people ran the race.  Let me tell you running a marathon is an awesome experience!  There’s a lot of work and pain but it’s all worth it once it’s over.

Know what else is a lot of work and pain but well worth it?

Taking care of your personal finances! 

In fact there are a lot of similarities between running a marathon and personal finance.

Here are ten thoughts on personal finance and marathons:

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Ditch That Spending Plan?!?

Have you drawn up a detailed budget and are struggling to keep to it? According to an article in the NYT*, it would be best to just give it up.  Well, not exactly.  But it does say that keeping to a strict budget might not be the best way to go about spending less or saving your money.  The money and pyschology experts they interview say that a budget can be like a diet — it doesn’t often last long and may just end up with you standing at the freezer late at night devouring a quart of ice cream right out of the container.

It’s human nature, they say.  We generally have trouble following through with our “best-laid plans.”  And after a long period of focusing on restrictions — we binge.  Compounding the problem is the abstract nature of credit cards and such.  Watching cold, hard cash dwindle is far more painful and thus more effective in reigning in our spending.
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