The beginning of the new year is usually filled with so much promise, anticipation and optimism. It is a time for renewal and the start of new habits. t’s been well publicized how difficult resolutions are to keep, but that does not mean that you should give up on them. The new year presents an opportunity for change and there are particular things you can do to sustain the changes you would like to make. Starting a new habit is not difficult. Sticking to a habit is not as easy. The biggest reason people fail at creating and sticking to new habits is that they don’t keep doing it. Paying off debt, saving or even investing in real estate has to become a habit in order to build momentum. So, how do you keep a habit from not becoming a whim?
The new year presents an opportunity for change and there are particular things you can do to sustain the changes you’d like to make.
The key to forming a habit is not how much you do (saving $200 every month), but how consistent you are. The key is to get started. Let me emphasize that: the key to forming a habit is starting each day. What do I mean by starting? If you want to form the habit of saving, just do it by automatically allocating money to an account that is not easily accessible. If you want to purchase you r first real estate investment property, speak to and learn from people who are already doing it and copy their formula. If you want to pay down debt, understand how much debt you have and tackle the it one by one. Form the habit of starting, and you’ll get good at forming habits.