New Year, New Habits, New YOU!

With every New Year, comes renewed optimism. As we bounce back from recharging the batteries during the Christmas break, there is no better time to set new good habits in motion for the coming year.In order to make room for new habits in 2022, be sure to wring out any bad practices. And, yes, procrastination is on the list, so reading this now instead of later is a great first step in the right direction! By focusing on habits, you will adopt simple, sustainable behaviours that will put you on the path to achieving bigger and better goals in 2022 and beyond.Try these simple tips:

1. Put off procrastination…now.
2. The hardest part of doing anything, particularly something new is actually getting started, so it’s understandable to feel overwhelmed. The thing that often holds you back is the mental dialogue that goes on in your mind. My advice - START doing and STOP thinking. The answer to procrastination is often not to think about things, just start some action.Having a Financial Planner may be a good starting point. It’s important to find one that you feel comfortable with to get the most out of the experience. By finding the right financial planner, there’s a greater chance of you heading on your way to new financial habits.You may get the most out of your Financial Planner by allowing them to get to know you better and understand your personal circumstances.
3. Have a goal in mind.
4. Having a specific goal to work towards can help maintain your new habits and give you a challenge to work towards. Make sure your habit-related goal is SMART: specific, measurable, achievable, realistic and time-based. For example, ‘start saving more’ is a goal, but it’s hard to know when you’ve achieved it and what ‘more’ looks like. Instead, setting a goal such as “Save $30,000 by 31 December 2022 for a house deposit” is a SMART goal and therefore easier to work towards. It’s specific, measurable, hopefully appealing and realistic, and it’s time-based.Have absolute clarity on your top 3 financial goals. We may also help you assess your goals and put a plan in place by booking an appointment with us.
5. Find your motivation.
6. To give yourself the best chance of creating a sustainable habit, ask yourself what motives you first before you even start working on this new activity. Let’s use the above example on saving money for a house deposit. Your motivation for doing this might be to give your growing family a bigger and better space to live in.
7. Start small.
8. Doing a little at a time is usually easier than tackling a whole project at once. Starting small and increasing the frequency of the habit will make it far easier to sustain in the long run. For example, you want to get into a new exercise habit i.e. running regularly, throwing yourself into a rigorous running regime before you’re ready could result in injury and set you back more than it helps you.
9. Stick with it.

Sticking with new habits is not easy. However, if you’ve committed, stick with it. In time - the results will come! Setting smaller goals will keep you on track and make sure you measure your progress for extra motivation.

Whatever new habits you’d like to create, whether they are financial, health or relationship, there’s no better time to start than the New Year… New Year, new habits, new YOU!

Start 2022 with a plan for success

Include financial fitness to your New Year's resolution this 2022. Challenge yourself and re-evaluate what’s important to you financially.Make your appointment to speak with an RJS Wealth Management professional for the New Year today by calling 1300 27 28 29.Book an appointment!Email:info@rjswm.com.auThis blog has been prepared by RJS Wealth Management Pty. Ltd. ABN 24 156 207 126. RJS Wealth Management Pty. Ltd. is a Corporate Authorised Representative (No. 438158) of Modoras Pty. Ltd. ABN 86 068 034 908 an Australian Financial Services and Credit Licensee (Number 233209). The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals personal circumstances have been taken into consideration for the preparation of this material. Any individual making a decision to buy, sell or hold any particular financial product should make their own assessment taking into account their own particular circumstances. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Pty Ltd recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog can change without notice. Modoras Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication.