The Art of Subtle Transformations

It's a new year with new resolutions. Gym's overflow and journals fill with goals. Unfortunately, to change everything at once leads to unfulfilled goals just as quickly. But let’s pause and ponder, is a radical overhaul in January truly the key to a prosperous year? History and experience suggest otherwise. Instead, the secret to lasting change, especially in our financial lives, lies in a more measured, reflective approach. Let’s embark on a simple journey of ‘Stop, Start, and Keep,’ a practical framework for growing financially in 2024.
Reflect and Stop: Looking back before leaping forward is a principle as old as time. It's vital to cast a discerning eye over the past twelve months. What financial habits have been more burdensome than beneficial? Perhaps it’s the habitual online shopping spree or that underperforming investment nibbling away at your portfolio. Just as one declutters a closet, removing financial redundancies is crucial. Start the year by stopping what hasn’t served us. It might be halting impulse buys or cutting down on needless subscriptions. Remember, pruning is essential for growth.

Initiate and Start: Now, with a cleaner slate, what should we start doing? In the myriad of possibilities, keep your list concise. Pick three financial actions - no more, so as not to overwhelm ourselves. These actions could be as straightforward as monitoring weekly expenses, initiating a fresh investment venture, or incrementally boosting your savings. The key here is to start small but start smart. For instance, dedicating an hour every weekend to financial literacy can compound into a wealth of knowledge by year-end. By choosing focused, achievable goals, we lay the groundwork for yearend success.

Evaluate and Keep: In our zeal to adopt new habits, let’s not cast aside the old ones that have proven their worth. Reflect on the strategies and habits that have yielded positive results. Did setting aside a fixed percentage of your income boost your savings? Did a particular investment outperform expectations? These are the practices to keep and potentially amplify in 2024. Continuity, as much as change, is a pillar of progress.

This process doesn't require an arduous, day-long retreat. A simple pen, notepad, and an hour of introspection can sufficiently equip you to bid farewell to 2023 and lay a foundation for 2024.

Remember, the allure of a fresh start often overshadows the fact that a year is a marathon, not a sprint. To truly revolutionize your finances, envision where you want to be at the end of the year. Then, take that first, small but significant step in January. This could be as simple as setting a monthly savings goal or consulting a financial advisor to discuss long-term investment strategies.

Start the year by embracing a more thoughtful, gradual approach to financial and personal improvement. The ‘Stop, Start, and Keep’ method isn't just a strategy; it’s a mindset shift. It reminds us that progress is a series of small, consistent steps. By taking this approach, we set ourselves up not just for a prosperous new year, but for a lifetime of financial wisdom and well-being.

Rich Flanery is a Certified Mortgage Planning Specialist and an Investment Adviser Representative. Branch location 600 S. Saint Vrain Ave #4, Estes Park, CO 80517. www.PeakCapitalMortgage.com PEAK CAPITAL MORTGAGE, LLC, 1045767 & 2347925, RICH FLANERY, 256117, PEAK CAPITAL MORTGAGE, LLC, CO-2347925, PEAK CAPITAL MORTGAGE, LLC, (970) 577-9200, CO-256117, WY-256117, WY-2347925 PEAK CAPITAL MORTGAGE, LLC, 970-577-9200, FL-2347925 FL-256117 SUBJECT TO BORROWER APPROVAL