Should we be making New Year’s resolutions?
Given that it’s the beginning of a new year, a lot of people like the structure of having a set time for making goals and resolutions but the truth is, you can set goals for yourself at any time that is meaningful for you.
How should we factor in things such as money and career into our resolutions and planning for the year ahead?
Since money affects almost every area of our lives, it’s important to factor it into your goals and intentions for the coming year.
So much of the work I do with my clients is on their money mindset, how they see themselves and their worth.
I would always recommend setting financial and career goals, we spend most of our time at work so it makes sense to ensure that we’re doing things that feel fulfilling and rewarding.
Making the kind of money that you want allows you the freedom to pursue other goals as well.
Resolutions about our finances are easy to make but hard to stick to. What advice would you give to someone who has lots of good intentions but finds it hard to stick to the goals that they’ve set themselves?
Get coaching. Having someone hold you accountable to your goals is one of the most powerful things you can do for yourself. A good coach or mentor will also be able to offer you guidance, feedback and strategy to help you move through your limiting beliefs and do things in a new way.
If I’ve already got a business plan mapped out for my business or my side-hustle, doesn’t that cover everything? Should I be making New Year’s resolutions on top of that or is that just setting myself up for failure?
A business plan is great, but goals are what really make things come to life. What sort of income would you like to create for yourself in the next 12 months? How many people would you like to work with? What project would you love to launch?
You can set goals any time that you want to, so if New Years doesn’t feel good for you, then don’t do it.
One thing I’d add is the importance of your dialogue around this time. Instead of focusing on giving something up, focus on cultivating the state that you want to be in.
For example, if you want to stop undercharging, I would coach you on proactively charging what you’re worth and marketing yourself in a way that works for you.
What are some of the biggest mistakes that people make when it comes to New Year’s resolutions?
I’d say the two biggest mistakes that people make are focusing on the things they don’t want. If you make a resolution to give something up, you’re going to be constantly focusing on it which can create anxiety. As I mentioned above, focus on the state that you want to be in. Instead of making a resolution to stop over-spending, choose to focus on building a certain amount in savings, creating a new income stream, or putting your rates up.
The other mistake I see a lot of people make is not having the right support systems in place. Do you have people in your life that are supportive of your goals? Do you have daily habits that support what you want to be true for you ?
Ask yourself what changes you can make to your lifestyle to be more in line with what you want.
What if I don’t know where to start with my New Year’s resolutions when it comes to finances and my business – where can I get help?
The first question I would ask is “What change would I love to make?” Give yourself some time to think about that and write down what comes up for you.
I have a number of books and courses on my website which can help a lot with this, you can find them on www.josephjamesmentoring.com.
I also host a podcast called Money, Mindset and Strategy. You can subscribe via nearly all platforms and get coaching and mentoring on a variety of subjects from money, business, self-confidence and releasing limiting beliefs.