New Year’s Resolutions:
Be healthier, wealthier and wiser
Here’s to the New Year and being a better you!
Forget about winning the lottery. You probably won’t. The start of a new year, however, is a great time to set goals for reasonable achievements, financial and otherwise. You don’t have to count on luck if you make a list of New Year’s resolutions for three significant areas in your life:
- Your health (mental and physical well-being).
- Your wealth (freedom from financial worry).
- Wisdom (the realization that there are few free lunches in the world).
Strive for a healthy lifestyle
Which small steps can you take over the next 365 days that will lead to better health? Avoid going overboard by resolving to lose 50 pounds in one year. It probably won’t happen. Instead, set some sensible guidelines that will keep you feeling better mentally and physically. For example:
- Park far away from entrance doors wherever you go. You’ll get extra steps in every day.
- Replace sugar-based snacks, such as cookies, cakes or candy, with naturally sweet fruit like raisins, grapes, mandarin oranges or pineapple chunks. Keep serving-size cups of each within easy reach.
- Wash or sanitize your hands often throughout each day to reduce your odds of colds or flu.
Build enough wealth to sustain you
Turn waste into wealth. Make a list of all the things you currently use your money on each month, along with the costs. Cut out $50 to $100 each month in discretionary spending. Put what you save into monthly investments instead. Your list should look something like this:
Expense/Item Quantity Est. Cost Potential Cuts __$Savings
Dining out 8 times per month @$25 each ($200) – 2 meals out $50
Coffee/Drinks 2 drinks daily @$3 each/$6 a day ($180) – 1 drink daily $90
Movies/Popcorn 2 times monthly @25 each ($50) – 1 movie monthly $25
To save enough money to invest at least $100 per month, most Americans don’t have to completely give up anything. Expense items vary with lifestyle, but most of us can find a few things we can live without. Possibilities are endless: drive less to save on gas money, limit purchases to necessities, style your hair yourself, do your own home repairs, serve less steak and salmon – and so on. Invest the difference and watch your wealth grow.
To start a monthly investment plan with your savings, call Ron Van Surksum at Advanced Asset (616-531-5220)
Wise up to reality: If it’s going to be . . . it’s up to me!
To grow wiser next year, all you need to do is put your physical and financial health into your own hands. No one’s going to do it for you. You probably won’t win the lottery, so your financial future is z up to you.
Manage Your Money . . . helpful financial facts provided for you by Advancd Asset Management LLC Follow our blog: aamllc.com Ronald Van Surksum, CFP 4555 Wilson Ave SW – Suite 2 Grandville, MI 49418 For permission to reprint: email@example.com P: (616) 531-5220 C: (616) 450-8439 firstname.lastname@example.org