Less Resolutions Equal More Success

New Year’s Day is the traditional start of resolutions. Like we could actually do something the morning after a New Year’s Eve celebration.

Not a fan of the annual start to your diet, saving money, and joining a gym. There is nothing magical about January 1^st. When you are ready to make a change, Start Now.

Two reasons most resolutions fail:

1. We try to do too much at once.

2. We don’t figure out why we want to change.

Warren Buffet’s method is to write down 25 professional goals, then focus on the 5 most important goals, and ignore the rest. He considers the other goals distractions from succeeding at more important goals.

My take is we can only accomplish up to 3 goals at a time. By limiting my focus to one or two goals at a time, am more likely to succeed sooner. Complete more goals in a year by focusing on fewer goals.

Most people are not focused, and lose motivation the first few times they meet resistance. The reason is they have not thought out their why.

Often make tweaks to my work routine. The reason these tweaks usually take is my motivation is to Do Meaningful Work Well. Like to be 1% better than yesterday. If this means have to drop some habits or start a new routine, so be it.

My strongest motivations are fairly simple.

Here to Serve Customers, Their Customers and My Coworkers. If it requires extra effort, okay.

My Brain Needs a Healthy Body to Carry It Around. Why you see me run pitifully on days off, and take frequent walks. Lost 10 - 15 pounds when necessary at 1 pound per month. Changes that last.

Do not to tie up every minute in a day. Free time is thinking time. This is where you can really make large leaps in innovation and productivity. Keep asking different questions when you do.

“Those who are wise won’t be busy, and those who are too busy can’t be wise.” - Lin Yutang

Have not changed my resolutions this year. My whys are a compass that guide me. What are your whys?

Holiday Expectations

Everyone has expectations for the holidays. From the simple “Santa’s coming” of the youngest to parents expecting adult children to come home to celebrate. All have expectations of the season.

A lot of these are expectations are unspoken. Worse, the other people don’t have your expectations. We are on a path for conflict.

Times change. Parents retire and their gifts shrink. Family members have health issues. Children become adults, date, get married, and have children of their own. They may have moved to work. Now they can’t all be together for the holiday itself.

Often families get together and act the way we did when growing up. Your relationships with siblings and parents fall back into habits, good or bad. Were you the rebellious child? The goody two shoes? The attention seeker? Second parent to a younger sibling? Until significant events happen, the family dynamic often doesn’t recognize the changes in your life. You have grown up!

What to do when this happens? Be nice.

They don’t mean to harm you. It may feel personal, but it is not. There is nothing wrong with sitting around with comfort food and old movies. It is okay to hear old stories again, because that is what you will tell your children about their grandparents, uncles and aunts. Everyone wants to know where they came from.

Things don’t go as planned. My wife and I were to vacation together. She got a last minute job interview in the middle of it. Changing flights 3 days before hand would cost $650 in the last few days before Christmas. Not worth it to either of us for what would become a long weekend for her.  Maybe she will enjoy the break from living with me. I will still enjoy warm weather.

Preparations were thrown astray this year. Last minute dental work and recovery time for me meant not putting up lights and decorations, not to mention shopping. This blog was not written on schedule last week, but done on vacation. After a long day helping my nephew rehab my sister’s trailer. It’s life.

Someone says the wrong thing. Your favorite comfort food is missing. Someone drinks too much eggnog. Decorations are missing. A loved one is not with you this year. It’s not only okay to miss it/them, it’s normal. Keep calm and carry on. What you and everyone needs are space, grace and patience.

Wishing everyone very happy holidays, rambunctious children, family and friends to celebrate the good things in life with. Blessings all.

Emergency Vacation Home Maintenance Car Replacement Budget

Life is not simple. Things go wrong and at the wrong time. This year replaced a car, paid for vacations, paid for 2018 trip to Alaska, replaced powder room vanity, and now have to have a crown plus a wisdom tooth extracted. 3 out of 5 were unexpected, and a 4^th was not planned for this year. Did not have to sweat how going to pay for these. Paid cash. Covered by several years’ savings.

~59% of Americans do not have $500-$1,000 to cover an emergency (Bankrate). They would have to put on a credit card or borrow from family/friends. Very uncomfortable position. Been there. How did I get free from those worries?

Any savings is better than none. Start small. Can you spend $5 - $20 less per week? What are you paying for you don’t need? What can you sell you don’t need anymore? Use the freed up income to start.

Spending less than you earn reduces your stress. Stash the cash separate from your spending money so not tempted to spend it. Windfalls go here too. The act of having to transfer the money discourages blowing it.

Put the surplus in a separate account once you have enough. Have a credit union savings account in addition to bank checking & savings accounts. This is where my fund goes separate from monthly expenses. If you are just starting out recommend you get a credit union checking and savings accounts. Put basic expenses plus entertainment spending in checking. Then deposit surplus into savings.

I use one account for Vacations, Christmas Shopping, Emergencies, Home Maintenance and Car Replacement. Not a strict budget. This year creating a HSA account for medical, but the same savings account covers any excess bills.

My budget is rule of thumb based. When my car payment was over, the same amount transferred into savings. Covers car replacement and repairs on older car. If was still paying for car, use to budget $100 per month. Clothes wear out or have to be replaced. Use my monthly average for last year’s spending. Gifts are number you buy for times people buying for. (Not an extravagant giver) Home ownership requires maintenance, so my parents budgeted an extra mortgage payment to cover improvements & repairs. This is my minimum goal for year divided by # paychecks. Simple, but works.

Most of us get a raise every year. My raises get split between increasing 401k contributions, increasing savings, charity donations, and covering increasing costs. If you move it before you see it, you won’t miss spending it.

Took me years to get ahead. Don’t be afraid to start today. Peace of mind is worth it.