Do you have big or small goals that you want to achieve in 2023? Whether you want to improve your health or your finances, setting and working towards goals can be a powerful way to make positive changes in your life.

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Put Your Money to Work for You

If you’re reading this and feel like you have little to no control over your money, let’s make this year different. Regardless of your goal, the first step is the same. Take an honest look at your numbers as they are now. Grab your finance tracker below.

It may be uncomfortable at first but there’s no way to improve something you never look at. So get looking!

Once you choose which goal you want to work on, you need to create a plan to achieve that goal. We’ll talk about how to get going in a bit. First, let’s consider some financial goals you might want to set.

Building up Your Savings

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.”

T.T. Munger

Saving is an important habit to cultivate because it allows us to plan for the future and protect ourselves against unforeseen circumstances. By setting aside a portion of our income each month, we can build up a financial cushion that can help us weather economic storms and pursue our long-term goals. What is the one thing you’re afraid of happening that would throw off your financial goals? Rather than fear it, save up for it.

Where would you keep those funds? In a high-yield savings account (HYSA).

Saving also gives us the freedom to make choices about our lives and the flexibility to take advantage of opportunities as they arise. So if you want to take control of your financial future, start saving today. Every little bit counts, and the sooner you start, the more time you’ll have for your money to grow.

READ MORE: How to Save Money and See Results!

READ MORE: The Best Way to Successfully Build An Emergency Fund

Debt Management & Elimination

Having debt (in most instances) means you are taking money from yourself and handing it over to your debtor. It’s also very stressful. When you are debt-free, that money that you used to pay to your debt can be used toward the things you want for yourself.

In addition, being debt-free means a better credit score which frees up opportunities for loans and credit cards that will fuel the future you rather than anchor you down.

There are two popular approaches to debt repayment: debt avalanche and debt snowball. Debt avalanche saves you the most money overall as you attack the highest interest first. Debt snowball is great to decrease the number of debts you have faster as you focus on your smallest debt first and work up to your largest debt.

Which one should you pick? It doesn’t matter as long as you pick the one that fits your personality the best.

READ MORE: 4 Steps to Being Debt Free

Establish and Grow Your Wealth

If I haven’t said it enough, you have to start investing. Like today! If you have a workplace retirement account or an IRA, start there.

Investing is a powerful way to grow your wealth over the long-term. When you invest your money, you have the opportunity to earn returns on your investment, which can help your money grow faster than if it were just sitting in a savings account earning minimal interest.

If you haven’t already, either listen to or read The Simple Path to Wealth. It’ll help you implement a simple method for investing that literally ANYONE can do no matter how much you know about investing.

Investing also allows you to benefit from the power of compound interest, which is the concept of earning returns on your returns. The earlier you start investing, the more time you’ll have for your money to grow and compound over time. So if you want to increase your wealth and secure your financial future, consider investing a portion of your money.

READ MORE: How to Invest – What You Need to Know About Using Mutual Funds

READ MORE: Investing with Stash – a Great app for Beginners

Your Body Deserves the Best Too

Alongside your finances, improving your health is one of the most important things you can do to enhance the quality of your life. There are many simple steps you can take to get started on the path to better health.

First and foremost, focus on eating a well-balanced diet that is rich in fruits, vegetables, and whole grains. Eating well will provide your body with the energy and nutrients it needs to function at its best.

READ MORE: 5 Reasons You Need to Start Meal Prepping Today

Additionally, make sure to stay hydrated by drinking plenty of water throughout the day. Make it easy to succeed by having a water bottle or thermos with you at all times so you can drink all day long.

READ MORE: How To Drink More Water When You Hate it?!

Exercise is also essential for maintaining good health, so try to incorporate physical activity into your daily routine. This could be as simple as going for a walk or jog, or participating in a favorite sport or fitness class. The most important thing to focus on is sustaining an increased heart rate for 30 minutes 5 times a week.

READ MORE: Home Workout Equipment – how to make your home gym successful

READ MORE: 6 Reasons Why Working Out at Home is Better Than the Gym

READ MORE: How to Get Motivated to Work Out When You Hate It!

Make your preventative care appointments. This includes your primary care, your eye doctor, your GYN (if applicable), and your screenings. If you are supposed to see your doctors more often, just do it. Getting sick is always more expensive than doctor visits.

READ MORE: Why should we have and see a primary care doctor?

READ MORE: Men’s Health: How to Increase Awareness and Improve Your Well-Being

Finally, don’t forget the importance of getting enough sleep, as it is crucial for both physical and mental well-being. By prioritizing your health, you’ll be setting yourself up for success in the new year and beyond.

READ MORE: How To Make the Most of Your Sleep – It’s Important

Steps to Accomplishing your Goals Successfully

It’s not always easy to know where to start. So here is a list of tips and strategies to help you set and work toward your goals in the new year.

1. Start by setting clear, specific goals. Instead of saying “I want to be healthier,” try setting a goal like “I want to run a 5K in under 30 minutes by the end of the year.” Specific goals are easier to track and measure, which can help you stay motivated and on track.
2. Make a plan. Once you’ve set your goals, take the time to plan out the steps you’ll need to take to achieve them. This might involve breaking your goals down into smaller, more manageable tasks or setting goalposts along the way to make sure you’re on track.
3. Find accountability. It can be helpful to share your goals with someone else, whether it’s a friend, a family member, or a coach or mentor. Having someone to hold you accountable can help you stay focused and motivated.
4. Celebrate your progress. Don’t wait until you’ve achieved your goal to celebrate – recognizing your progress along the way can help keep you motivated and on track.
5. Stay flexible. It’s important to be open to adjusting your goals or your plan as you go along. Life can throw unexpected curveballs, and it’s okay to pivot or change course if you need to.

By following these tips, you can set yourself up for success in the new year. So go ahead – set those big goals, make a plan, and get started on your journey to achieving them!

If you’re interested in having me coach you toward financial freedom, click HERE. I’ll see you there!