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Make this year count! Where to start

New year Create New habits to Make this year count!

With so many options and so much information available by so many sources it is easy to become overwhelmed. 

There is no exact science or step by step plan. It is as simple as just starting.

Start to educate yourself. It is going to be a pretty turbulent year economically and this is a great time to watch and learn.  

Learn how international changes affect different markets you may be considering investing in both good and bad.

Learn which sources of information contain genuine market information and which ones enjoy sensational fear headlines and “following the pack” mentality.   Not all media is reliable and independent.

Where to start

I have provided 12 months of ideas to get you started to make this year count.

One thing is for certain it will be as great as you make it!

January

Firstly, Just get started! Every Dollar counts, so get a money box if need be and put $10 a week or whatever you can afford, it is amazing how fast it grows, so just start!

piggy-bankAlternatively, set up a direct debit from your pay preferably for 5% of what you earn if possible – you will be surprised after the first two months, you wont even miss it.

Keep in mind you would have to survive if work cut back your hours or you lost your job. When you get over the initial two months you will adjust to the change.

 

February

Identify areas you can save more by negotiating better rates on electricity, phones, shop around on your insurance ask for a better price, as a result you will reach your goal quicker.

 

March

Make a start learning a new area of investment shares, term deposits, gold and silver, property. The best investment you can make is in yourself

 

April 

Acknowledge your accomplishments so far.  Remember why you are doing it. Most of all Keep It Up – Are you on track to make this year count?

 

May 

Join a meetup group that shares your desire to accomplish more!

June

Make any necessary changes to your plan  – your investment portfolio is like a living thing. It is ever changing so don’t be afraid to alter it based on new experience or knowledge you have acquired.

 

July 

Jump into the new financial year. Look at more income opportunities, a second job, cut back anywhere, career advancement

 

August 

Apply for a share trade account and use the research resources they all provide.  Learn more about shares and companies in various sectors for a balanced long term portfolio

 

September 

Surround yourself with positive people and positive affirmations! The more the better! If you have negative people surrounding you learn to deal with and stop absorbing negativity.

What we think we are - positive thoughts

October

Viewing open houses. Even if your not ready to buy yet you need to understand the land sizes and the market you intend to buy into. This will help ensure you are comparing apples with apples.

 

 

November

Negotiate better rates. Whether that be interest rates, savings accounts, electricity rates, phone plans, purchase price on property, always negotiate a better price/rate or plan

 

December

Reduce any non income producing debt (car loans, credit card, store cards).

At this time of year think of ideas for gifts that don’t end up on the credit card (home made cooking, nights babysitting voucher) see our article on How are you paying for your Christmas Shopping

In conclusion and Most of all – Make this year count!

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