perspective http://www.wisebread.com/taxonomy/term/12155/all en-US 3 Reasons to Make Your New Year's Resolutions Today http://www.wisebread.com/3-reasons-to-make-your-new-years-resolutions-today <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/3-reasons-to-make-your-new-years-resolutions-today" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/writingresolutions.jpg" alt="Writing New Year&#039;s Resolutions" title="Writing New Year&#039;s Resolutions" class="imagecache imagecache-250w" width="250" height="300" /></a> </div> </div> </div> <p>One more cookie? OK, January 1st is when you&rsquo;ll start your diet. Spend another $25 on a gift? Why not, you&rsquo;ll turn things around next year.</p> <p>It&rsquo;s the end of the year, and we all tend to compromise with ourselves at this point in the game. Why? Because we&rsquo;ll set resolutions soon, and next year will be different.</p> <p>However, I propose that mid-December is actually the best time to sit down and sketch out your goals for next year. Here&rsquo;s why.</p> <h3>You'll Put Life in Perspective</h3> <p>Chris Gillebeau at Art of Non-Conformity advocates <a href="http://chrisguillebeau.com/3x5/how-to-conduct-your-own-annual-review/">conducting your own annual review</a>. It&rsquo;s not just about setting goals for the next year, it&rsquo;s about reconsidering the past. Right around the holidays it can be difficult to put your life in perspective because so much time is spent with friends, family, and coworkers, comparing your life to theirs. For instance, think of some of the holiday letters you get &mdash; you know the people &mdash; &ldquo;Happy Holidays &mdash; We hope you&rsquo;ve had a wonderful year! This year we celebrated our 30th anniversary on a private island surrounded by piles of money and our oldest son got married to a supermodel...&ldquo; Don&rsquo;t compare yourself to them. A healthier perspective is comparing your own life to your own goals.</p> <h3>You&rsquo;ll Slow Down</h3> <p>It doesn&rsquo;t matter if you&rsquo;re encountering year-end work deadlines, taking finals for school, shopping for last minute Christmas gifts, or shoveling out from a giant snowstorm &mdash; this time of year is busy for everyone. When each day passes so quickly, it&rsquo;s necessary to stop and enjoy the moment. Writing your goals will help you do just this.&nbsp;Need more inspiration for slowing down? I love Gretchen Rubin&rsquo;s video <a href="http://www.theyearsareshort.com/"> &ldquo;The Years are Short.&quot; </a></p> <h3>You&rsquo;ll Eat Less, Spend Less, or Do _____</h3> <p>If you want to set a resolution that actually sticks, you can&rsquo;t just reboot on January 1st. If you set your goals today, you&rsquo;ll find yourself making conscious choices over the holidays.&nbsp;Yes, maybe you&rsquo;ll eat the extra cookie or spend that extra $25, but you&rsquo;ll be more likely to take a walk around the block afterward or sell that extra microwave on Craigslist (that you&rsquo;ve been meaning to list for months).</p> <p>So go ahead and enjoy the splurges or the holiday season &mdash; just make sure that you're aware of your goals and making conscious choices.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/elizabeth-lang">Elizabeth Lang</a> of <a href="http://www.wisebread.com/3-reasons-to-make-your-new-years-resolutions-today">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-self-improvement-apps-to-make-you-smarter-stronger-and-happier">10 Self-Improvement Apps to Make You Smarter, Stronger, and Happier</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/you-can-too-7-amazing-things-people-have-accomplished-in-under-a-year">You Can Too: 7 Amazing Things People Have Accomplished in Under a Year</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/successful-new-years-resolutions-have-this-one-thing-in-common-does-yours">Successful New Year&#039;s Resolutions Have This One Thing in Common — Does Yours?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/25-small-new-year-s-resolutions-you-can-start-today">25 Small New Year’s Resolutions You Can Start Today</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-self-discipline-tricks-i-learned-from-the-marathon">4 Self-Discipline Tricks I Learned From the Marathon</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Development goal setting new year's resolutions perspective Mon, 20 Dec 2010 14:00:11 +0000 Elizabeth Lang 395046 at http://www.wisebread.com Your Job as a Personal Finance Literature Reader http://www.wisebread.com/your-job-as-a-personal-finance-literature-reader <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/your-job-as-a-personal-finance-literature-reader" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000001934992XSmall.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="166" /></a> </div> </div> </div> <p>Once upon a time, there was a businessman named Richard. He was very smart, and built a thriving business from scratch. Everyone was jealous of him, but he wasn't happy. As the business grew, so did his expenses and ultimately his lifestyle. He was living large, and though he can afford it, the high income / high expense lifestyle made him very aware of the fact that he could lose it all. As a result, he was obsessed with his companies' every decision, and his actions not only stressed him out, but his family and subordinates too.</p> <p>His company's janitor, Poris, almost seemed to be living in a completely different world. He was married, and makes about 5% of Richard's income. Obviously, he couldn't afford nearly the same lifestyle as Richard. As a result, he was very frugal but he was stressed too. Poris is stressed about making ends meet, stressed about whether he'd get laid off and stressed about whether he could ever afford an actual retirement.</p> <p>Usually when you read these stories, the author will ask you to point out the one with the better life. But the reality is that we don't want to be either of them. When we look from the outside, it's easy to spot that neither of them has a life we should envy. You make a bundle and you could be stressed. You made nothing and you could be stressed. You spend a bunch and you could be stressed, but you are frugal and it could still be stressful. <strong>Just nitpicking about one aspect of money matters tell you nothing.</strong> </p> <!--more--><!--more--></p> <p>One of my neighbors has a $200,000 2-door Bentley sports car. Does it make him rich, and can we automatically conclude that he's a shopaholic? Another neighbor has two very old Hondas. It's so old that the paint is starting to rust. Does it mean that the family is having a hard time making ends meet, or does it show that they are just frugal?</p> <p>Due to the length of our articles, we usually write about one side of personal finance. Sometimes, we talk about and why it helps. Other times, we talk about making money with rental properties and REITs. By reading them one at a time, it is easy to forget that personal finance is all about balance. <strong>At the end of the day, the key is to make more money than you spend.</strong></p> <p>We write about all the tips, tricks, and habits because they either help you save or make more money. We (at least I) won't tell you whether it's right or wrong. After all, someone who is making $1 million dollars a year may think that all those latte factor articles are a big waste of time, while the same article may make so much sense for the family with a household income of $30,000 a year. <strong>If you read personal finance articles regularly, it is <em>your</em> job to know your own situation and figure out what's best for you.</strong></p> <p>Making your own coffee will <em>guarantee</em> you at least a couple bucks a pop, but you still have to figure out whether it makes economic sense for you. I personally don't watch too much TV because I can use that time to run my business and make quite a bit of money. If you take my advice and cut your cable but end up surfing the web for three hours a day, you are just changing the chair you sit on. If you feel miserable after you stop watching the NBA finals, it might actually hurt your finances. Every time you try to change your habit, it is critical to mind the big picture.</p> <p>Personal finance literature is general, but it is your job to make it personal.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/david-ning">David Ning</a> of <a href="http://www.wisebread.com/your-job-as-a-personal-finance-literature-reader">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-3-best-pieces-of-financial-wisdom-from-oprah-winfrey">The 3 Best Pieces of Financial Wisdom From Oprah Winfrey</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-cpas-say-you-must-make">8 Money Moves CPAs Say You Must Make</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-8-classic-personal-finance-books-you-must-read">The 8 Classic Personal Finance Books You Must Read</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-money-secrets-of-the-amish">9 Money Secrets of the Amish</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-more-classic-personal-finance-books-you-must-read">8 More Classic Personal Finance Books You Must Read</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance advice money habits money stories perspective Wed, 26 May 2010 12:00:03 +0000 David Ning 98708 at http://www.wisebread.com