01/21/2022
What is your word of the year? We are 20 days into the New Year and at this point, 64% of us have lost focus or given up on our resolutions. So instead of a resolution, I am picking a word or theme for the year. I want to get a lot accomplished this year and finish goals that I have been putting off. So, my word of the year is PERSISTENCE.
Persistence is defined as firm or obstinate continuance in a course of action in spite of difficulty or opposition. I think this is totally appropriate after the last couple of years. We all need to be persistent right now. Sometimes it would easier to walk away from those dreams and our financial responsibilities. But If we put the same energy into our financial goals, as we do our riding goals where would we be?
Changing habits of any kind takes about two months according to research. So, when we talk about financial goals we need to be persistent and give ourselves time. We need to prioritize our goals. Start small. Select one or two to accomplish first. Just like when we teach someone to ride. We can't fix it all at one time. Maybe we work on leg position to start. And then fix the hands. We all know how to do it with someone on a horse. Look in the mirror. The same applies to you and your money.
Each week set a mini-goal. For example, this week analyze the cost of keeping boarders on your property. Make sure you include all costs like property tax, insurance, and a salary for you. Next week, get that budget done. This way it is not so overwhelming. And the more of these small tasks you complete the better you will be able to manage your business.
There will be weeks that you slip. We all have those weeks. Just move your mini goal to the following week and be PERSISTENT.
Let's try it this year. Let's all be persistent in our business goals and our financial goals.
