Informed Decisions Financial Planning & Money Podcast

Podcast67: Why Resolutions Don't Work (& What To Do Instead!)

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Sinopse

We kick of 2018 full of optimism, gratitude and excitement for the year ahead. After what was hopefully a nice Christmas break we all are raring to go, and apparently as many as 50% of us (myself included!) feel that customary urge to set some resolutions for the year ahead. The top resolutions that we make (the 50% that do!) are; weight loss, exercise related, smoking/alcohol related and money related. So even as a broad estimate this suggests that 15% of the population in Ireland try to motivate themselves into better money management habits at the beginning of the year. According to Professor John C. Norcross Ph.D of University of Scranton Psychology USA, 10% of all resolutions result in sustainable change. Pretty poor that therefore 90% of all resolutions crash and burn! We are keen students and readers of all things performance, behaviour and success related here. Never-mind it's impact on how we deal with our money, the ability to perform, behave or succeed has such huge impact on our life and the lives