A new year is a great time to refresh, reset and reinvigorate your goals, setting you on course to building or enriching your wealth plan.
A new year often brings with it a sense of renewal, a fresh page onto which we can set new goals or refresh existing ones. That newfound sense of promise can be an inspiration, lifting our energy and focusing our attention on a new pursuits, often centering on our own self-improvement or future success in life, health, business and finances.
The difference between a dream and a goal is a plan
Alas, there’s usually one problem with these resolutions: we rarely see them through, with our initial enthusiasm fading when the reality of the effort required to achieve them hits us. According to research from the popular running app Strava*, 80% of resolutions are dropped by January 19, lasting only slightly longer than the champagne bubbles on New Year’s Eve that likely inspired them.
However, the same research showed that those who established a plan significantly boosted their chances of achieving their goals. Important to a plan’s success is ensuing that it has clear, measurable and achievable goals, and that it is periodically revisited to make sure it is still working for you.
C.A.R.E.: Goal-setting and planning
C.A.R.E. is an easy tool to guide you through the goal-setting and planning process – and it may even inspire you to consider other goals and aspects to your planning:
While the list of questions above provides a broad guide to help you review your goals and priorities, you may choose instead to meet with us to initiate the process.
We can help
Through our Family Office Services team, we can access the expertise of over 200 professionals in areas such as financial, tax, business succession and Will and estate planning, as well as life care planning, aging and caregiving guidance. Talk to us today about how we can help you achieve your life resolutions and goals.
*Quitters’ Day: Why Strava thinks you’re about to give up your resolution, Madeleine Kelly, Canadian Running Magazine (January 2020).
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