As the year 2021 draws to a close, it’s tempting to start slowing down and preparing for the holidays. However, the year’s final quarter is the best time to lay the foundations for success in 2022.
Over the past 10 months, most of us have had to overcome several challenges that were difficult to foresee. The ongoing Covid-19 pandemic has changed many aspects of our lives and forced us to adjust to a new way of life.
If you feel that you have not been able to achieve the goals and milestones you set for yourself this year, it’s not too late. More importantly, now is an ideal time to prepare yourself for a successful 2022.
The first step to ensuring a successful 2022 is knowing exactly where you are likely to be at the close of 2021. Take some time to do a thorough audit of your financial position.
Once you know the answers to these questions, you can start to make informed decisions about what you want to achieve in the year ahead.
Make a list of all of the things that you have done well this year. It’s a good idea to reflect on your wins first. When you think about your achievements, don’t only think about how you have performed at work or at school, but also about the relationships you have built, the good habits you have maintained, and the things you have learned.
However, no matter how hard you work or how good your intentions are, there is always room for improvement. Make a list of the things that you wish you had done better. While it can be uncomfortable to think about areas where you have underperformed, remember that we often learn more from our mistakes than our successes.
Once you have a good idea about the areas of your life where you could be performing better, think about what action you can take to make progress in those areas before the end of the year. If you have the opportunity to retake an exam or make an additional payment on your credit card, take action now.
We often fail to maintain our new year’s resolutions because we decide on them impulsively. It’s far better to set goals for the coming year with care. If you want to further your education or move to a better neighborhood in 2022, now is an excellent time to start finding out exactly what you will need to achieve that goal.
Once you have decided what you want to achieve in 2022, start planning how you will achieve those goals. The best way to achieve a goal is to identify what you need to do and who can help you get there. Break larger tasks down into small manageable steps and assign yourself daily tasks to complete. By taking one small action every day, you will set yourself up for success in 2022.
If you are the beneficiary of a structured settlement or annuity, you can sell some or all of your future payments to a third party for a lump sum of cash to help you achieve your goals for 2022. If you would like to further your education or purchase a new home, for example, contact us at Rising Capital to discuss your options.