New Year; New You?

Debbie Harris
Dec 2024  •  1 min read

New year; New you?

I wanted to write about the value of New Year’s Resolutions, so obviously I took to ‘the Google’ to see what the internet thinks!

I was mildly surprised that the vast majority of articles that appeared in my search provided reasons why we should NOT make New Year’s Resolutions.

So I guess I’m in the minority on this; because I think they’re a great idea!

The 1st of January represents a finite moment when you can set some goals for the coming twelve months … but then I also love Mondays (much to the disbelief of my colleagues), clean bed linen, a new notebook – all of which represent a fresh start; a new beginning.

So what do the naysayers say about ‘resolutions’?

  • They’re too broad and we are therefore bound to fail
  • We don’t consider ‘why’ and therefore we don’t address our real challenges/motivations
  • We aren’t ready for the change we vow to make
  • We include things that are beyond our control
  • We don’t tell anyone what they are (not verbalising them means they don’t really exist!)

Suffice to say – there are a myriad of other reasons why you shouldn’t bother with them, but there are a lot of folk who are in agreement with me that they are still worthwhile!

For me – my goals are small and achievable (yet challenging) and, importantly, some of them do not require me to ‘last a full year’!  So there may be things I want to achieve in January or in July.  I don’t verbalise any of them to anyone (I don’t imagine anyone is that interested!) but they are meaningful to me and I do write them down.

Whichever camp you sit in on this; all that matters is that it works for you!

Here at Solomon’s – we like being prepared and organised; we enjoy planning (obviously) in all its guises and we value having goals and objectives; something to aim for.

What will your plan for 2025 look like?

New Year; New You?2024-12-19T13:23:59+00:00

NEW YEAR, SAME OLD PROBLEMS

TODAY’S BLOG

NEW YEAR, SAME OLD PROBLEMS?

The year finally draws to a close, thoughts turn to resolutions for 2021. Perhaps thinking 12 days ahead is easier than 12 months. Yet we all hope that the vaccine will be rapidly and successfully deployed so that we can pick ourselves up and face a new year, with some degree of reduced anxiety.

This may take a while and so can I urge to you complete your 10 Minute Challenge items. If you really cannot bring yourself to tick off these important tasks, can I ask you to simply jot down on a piece of paper your plans for 2021. Then send it to me as an email (preferably placing it on the portal).

HAPPY NEW YEAR

FORGET THE RESOLUTIONS – MAKE IT EASY

I am not interested in resolutions. Most of us find these rather like hopeful pie-crust promises – easily made, easily broken. No I am after some of the practical goals and tasks that you want to get done this year, things that I can have input into or help with… so that’s things like (and of course any such list it not exhaustive and needs adapting to your circumstances).

  • Your bank balance – rates are awful, but what is your comfort cash balance?
  • Your monthly savings level (how much you want to squirrel away each month)
  • When you intend to retire
  • If you are retired, what challenge are you facing in 2021?
  • What income you need
  • Clearing or reducing your mortgage
  • Your job or career – any changes to work patterns, promotions, redundancy concerns?
  • Expectations for your business or perhaps starting one (or another one)
  • Where you live – any plans to make alterations to anything that requires finance?
  • Any big purchases? Electric car? Alternative energy?
  • How you will measure 2021 as a successful year.

You will appreciate that some of our clients work in the NHS, we also advise a few teachers. Most of us will have some time to note down some thoughts. PLEASE send these to me. This is precisely what proper financial planning is all about – where your life, values and money all meet. You may think your plans are not terribly ambitious or hanging on the hopes of “normal life resuming”. I offer no judgement, simply want to know so that we can do an even better job for you in 2021.

Enjoy New Year’s Eve and the zoom calls with your friends and family. We will be ready to go again on Tuesday and I look forward to it.

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk

GET IN TOUCH

Solomon’s Independent Financial Advisers
The Old Mill Cobham Park Road, COBHAM Surrey, KT11 3NE

Email – info@solomonsifa.co.uk 
Call – 020 8542 8084

7 QUESTIONS, NO WAFFLE

Are we a good fit for you?

GET IN TOUCH

Solomon’s Independent Financial Advisers
The Old Mill Cobham Park Road, COBHAM Surrey, KT11 3NE

Email – info@solomonsifa.co.uk    Call – 020 8542 8084

7 QUESTIONS, NO WAFFLE

Are we a good fit for you?

NEW YEAR, SAME OLD PROBLEMS2025-01-28T10:06:07+00:00
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