The Day after Christmas, we still have the Christmas glow of happiness, but then “Reality” starts creeping back into to our thoughts.  Instead of thinking how good Christmas dinner was, we start thinking how much of it we ate and instead of thinking of the looks on the all our family’s faces when they opened their presents we start thinking of how much we over spent for all those gifts. With this in mind, we typically start the process of planning for a “Better” New Year.  This lessons the worry (at least temporarily) by getting our mind fixed on solutions, rather than just focusing on the problems.

Some people will make actual lists of resolutions, some will call them goals, while others will mentally hope to remember these new directions they want their lives to take to make next year better than this one.  Statics show that People’s two main categories of New Years resolutions are weight-loss/health and money/quality of life.  Despite what is said and the way in which people sometimes act we are all relatively smart people.  All of us understand that if our goals are to lose weight we simply put less food in our mouths and we will lose weight.  Put less food in your mouth and replace soda with water and you will not only lose weight but become healthier.  Quit eating fast food and take real food from home as well as actually cooking dinner with some vegetable and fruits and you will not only lose weight, you might live long enough to see your grandchildren grow up! We all know this, it is simple and we are smart people, but what do we do?  We look for a miracle diet or some person to come up with a certain strategy of eating or magic pill that allows us to eat what we know we shouldn’t and still be healthy and look great!

This is why diets are not followed for the long-term and why gyms are flooded with new members in January and February but return to their usual crowd sometime after the first week of February.  We don’t look for simple solutions to life’s problems we look for extreme, yet easy solutions.  The same is true for goals and resolutions about money/quality of life.  To achieve wealth (just like health) it is a daily habit of spending less than you make and investing the rest.  In theory this isn’t hard and we all know this, but once again we look for a miracle solution that allow to buy everything in sight while still paying all of our bills and having a comfortable retirement.

While there is a limit to the amount of food we can eat (and remain healthy) there is no limit to how much a money a person can make.  Any person, no matter what their profession, career or job has the ability to increase their income.  In my book Achievable Wealth I call this Income Replacement or replacing your primary income with passive investments and turning what are now hobbies into income sources.  Being a guy, I can say this, guys have so many activities that are nothing more than time wasters and actually take money away from your families budget that could be easily converted into a profitable mini-business.  I know guys who rebuild car, motorcycles and boats and then just add them to the collection.  Why not let one car pay for the next, plus put some money in your pocket.

Many times your profession can open up possible income streams.  In Achievable Wealth I talk about teachers, which most people would think is the most unlikely career to make additional money from.  An effective teacher has developed methods of teaching and controlling their class that other new teachers would be interested in.  E-books, books, subscriptions to website/blogs are all possible ways to share you wisdom and increase you income at the same time.  Maybe you have a game you play with your students that could be developed and sold to other teach to use in their class rooms.  A teacher might offer coaching, classes or seminars to other teaches as a way to share their knowledge and make money.

To make next year better than this year, keep it simple.  Look to improve by making realistic steps in the right direction.  It’s quite a leap to go from a 3 meal a day fast food eater to becoming a vegitarian that only eats organic.  It’s hard to go from a minimum wage worker to a semi-retired business owner/investor.  The best advice ever given about setting goals is to select a goal that slightly out of reach, but not out of sight.  Whether you goals are set for your health or your wealth I hope that your 2010 will be a great year.


~ by jeffsmithbooks on December 26, 2009.

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