Is it necessary to make new year resolutions for financial breakthroughs?

[Ishicryptic]

Towards the end of the year to the eve of a new year people make all sorts of resolutions to become better financially and have improved lifestyles. The question is what is the percentage of people that actually live up to their expectations? From my observations I believe that the number is less than 30% and if you go by my calculation you will wonder what happens to the rest of the 70%. I think that talk is cheap, it is easy to make plans on paper but execution is where work lies, after planing action should follow.

Why wait till the end of the year to make plans about how you want your new year to be, it seems like a quick fix or a lazy strategy. Some people have been having the same or similar new year resolutions for years and they never quite get it right till the next year's eve then another resolution.

We should have short term and long term achievable goals, don't plan to move into a big house within one year time when you don't have a feasible plan to achieve it within one year. You can have an 8 years plan to own a house that you cannot afford now, start now to work towards achieving it. Since your income cannot afford it then think about investing a part of your savings into a store of value like Bitcoin. Think about increasing your income, learn new skills. Search for opportunities to earn more instead of making empty promises to yourself.

If you haven't been working towards a plan to actualize financial breakthrough in a new year don't make a resolution to achieve it. It is not necessary to make new year resolution but if you must let it be only on achievable goals.

[Don Pedro Dinero]

Towards the end of the year to the eve of a new year people make all sorts of resolutions to become better financially and have improved lifestyles.

I don't think it's ideal to start thinking about it at the end of the year. It might work out, but I decided a long time ago to improve my financial situation, drew up a plan, learned more and more about it, and was consistent in my actions. I don't remember exactly when I started, but it definitely wasn't on New Year's Eve, it was more like in the summer.

On New Year's Eve, people tend to review the year, but it's better to review your life and think about the things you can improve on a constant basis. Don't wait for that moment because it's usually like going to the gym: in January, everyone signs up because of their New Year's resolution, and by March, less than half of them are still there. If you want to start going to the gym, any time is a good time, and the same goes for this.

[Lucius]

It always seemed to me that New Year's resolutions are more a form of creating a good personal mood on the eve of the Christmas and New Year holidays, than resolutions that someone will stick to. In addition, someone who waits for the new year for any important decision is actually looking for an excuse not to implement the same decision.

However, perhaps most of these resolutions fail because people get so drunk during New Year's Eve that they forget what they promised themselves before

[Furball808]

Towards the end of the year to the eve of a new year people make all sorts of resolutions to become better financially and have improved lifestyles. The question is what is the percentage of people that actually live up to their expectations? From my observations I believe that the number is less than 30% and if you go by my calculation you will wonder what happens to the rest of the 70%. I think that talk is cheap, it is easy to make plans on paper but execution is where work lies, after planing action should follow.

I would even say that the number is lower than that because during the new year's, everyone is noting down their own financial goals. Even those who are already considered rich have their own financial goals be it invest better, save more, or something similar. But only a few (those really disciplined and with better opportunities) succeed for the year. If we do not succeed this year, we keep going to the next and the next.

[Alpha Marine]

Most New Year's resolutions are performative. People just set them so they will look serious.
Others actually want to achieve them, but they cant work towards it, while some just set unachievable goals. I talked about something similar a few days ago. There is no point in going all in and not giving up when you set unachievable goals or pursue the goals the wrong way.
Work brings results, and if you're not doing the work the right way, no matter how much you believe and how hard you work into it, there will be no results. 
New year resolutions are good, of course, but we need to have a clear understanding of where we are and where we want to be. When everything is clear, all that matters is how we get there and how much time it will take. Our goals need to be realistic.

[DaNNy001]

As the years go by new year resolutions are beginning to seem very unnecessary to me, the most important thing you need to succeed in lifenis motion because there is no way that you can make progress without it...it doesn't stop at having a resolutions if you don't take necessary steps to make a change you would remain at a particular spot for a long time...you don't need a resolution for financial breakthrough you just need to work

[Richbased]

If you haven't been working towards a plan to actualize financial breakthrough in a new year don't make a resolution to achieve it. It is not necessary to make new year resolution but if you must let it be only on achievable goals.

New year resolutions ain't only about financial breakthroughs, it is an all round achievements that you wish for the new year and it doesn't necessarily mean that you must achieve everything you want for the year but it gives you a direction on how to operate and at least achieve some of your resolutions. However, new year resolutions also involves things that you don't want for yourself anymore, it could be a bad habit that you wish to stop, maybe if you spend money recklessly in previous years you might make a resolution that you will be accountable and spend money judiciously.

[ColdLava40]

If you haven't been working towards a plan to actualize financial breakthrough in a new year don't make a resolution to achieve it. It is not necessary to make new year resolution but if you must let it be only on achievable goals.

Haven't, you heard about planning? There's nothing wrong In making new year resolution before the year years out. It's just a way for people to prepare themselves for the coming days.

Anyone can make resolution based on the financial mistakes they have noticed in the past year. A good planner would eventually be able to evaluate himself and see where he might have gone wrong that made him not to meet up with certain goals during the year..

[Royal Cap]

For many people, New Year's resolutions are not a tool to achieve their goals but a way to keep hope alive. Everyone knows they may not be able to but when the new year comes they feel like something will change this time, It's human nature. I think the problem is not laziness but not accepting reality. People set big goals because small goals don't excite them. But life moves slowly it doesn't make sudden leaps, so the same resolutions come back year after year. And financially speaking not everyone gets the opportunity to invest or learn skills, it takes time and mental strength. So I don't blame anyone but what is true is that nothing happens with resolutions alone. Change comes only when people understand their limitations and take small but regular steps accordingly.

[Dunamisx]

Everyone deserves the best, we all have to plan and position ourself for the best offer and opportunities, no one will have to willingly request for failure, we need to apply change to how we live our lives, plan for new things, adjust where necessary, think positively in everything we do and try to make better version of ourself than the worst one, maybe things could change for better if at least we are able to plan it out for a new year resolution and work towards it.

[Hewlet]

Towards the end of the year to the eve of a new year people make all sorts of resolutions to become better financially and have improved lifestyles. The question is what is the percentage of people that actually live up to their expectations? From my observations I believe that the number is less than 30% and if you go by my calculation you will wonder what happens to the rest of the 70%. I think that talk is cheap, it is easy to make plans on paper but execution is where work lies, after planing action should follow.

it is better to try out something and fail at it rather than not trying it at all just because you think that the majority of the people that have been trying it always fails at it. a new year resolution does not by itself bring about financial breakthrough, the thing it does is that it becomes a sort of accountability package such that you get to use it as a means of pushing yourself beyond your normal limit. if every new year you just sit back and do nothing about your life with zero plan of improving at the things you are doing, you are on a part of stagnation.

[7juju]

It is good to plan and prepare for the year by figuring out those things you felt that held you down in the previous year. Resolutions  focused on fixing old habits we observed is helping us down work better than focusing on things don't have control over. It could be that you are making money already but you are someone that hardly save or invest, and you know too well that it is some of your habits that are eating up your money, you can make a resolution to  eliminate some of those old habits that are eating your money so you can boost of a better savings that can help you invest better in other avenues that can help you make more money. Most people fail to live by their resolutions because they neglect the little things that are holding them down and be making big plans they know they can't live up to.

[Fortify]

No.. in fact making a resolution can actually be counter productive to many people because we have a tendency to set the bar so high and just feel like a failure when we cannot reach it. You'd be better off making more general goals and don't pressure yourself too much. In fact learning and securing your financial future should be incremental, you're not going to magically solve all your money aims overnight or even in one year. Working towards it step by step, making use of the many resources out there which can educate you on the complicated world of companies that want to extract money from you and taking your time is key. You mention having an 8 year plan, so I don't see how that even fits in with a resolution that most people usually consider as a target for a single year.

[slapper]

The resolution thing is procrastination in the guise of ambition. That's really what it is. December 31st, the calendar flipped. You're the same person with the same habits and now you're going to be different? How does that work exactly.

There you go If you're saying people shouldn't make resolutions unless they already started working on them. Which... Then what's the point of resolution? You're just carrying on with what you're already doing. That's not a Tuesday's resolution.

People treat resolutions like wishes. They're not. Wish is "I hope I get rich" and you throw a coin in a fountain. A decision is "I'm putting $200 monthly into something" then you actually do it or you don't. Most people are wishing.

Also the Bitcoin advice is whatever. Some people need to repair why they're broke first before they start thinking about where to put money that they don't have. The volatility would have stressed them out more if it had any help.

[DYING_S0UL]

I don't, it's not that necessary imo, but hey, everyone can have different opinions.

I never gave it much importance from my perspective. With or without a new year's resolutions, I believe the outcome will be the same. So I personally, don't think much about it. I always had a clear set of goals that I wanted to achieve and I'm still working towards it. And, it's not like having it gonna give me some magical powers to make my financial breakthroughs! No it's not, then why think about it wasting time.

But if I really needed to make one than I wish I can work more harder and live a little better than the previous year. And maybe save a little along the way. That would be my wish.

[rachael9385]

Towards the end of the year to the eve of a new year people make all sorts of resolutions to become better financially and have improved lifestyles. The question is what is the percentage of people that actually live up to their expectations? From my observations I believe that the number is less than 30% and if you go by my calculation you will wonder what happens to the rest of the 70%. I think that talk is cheap, it is easy to make plans on paper but execution is where work lies, after planing action should follow.

Why wait till the end of the year to make plans about how you want your new year to be, it seems like a quick fix or a lazy strategy. Some people have been having the same or similar new year resolutions for years and they never quite get it right till the next year's eve then another resolution.

We should have short term and long term achievable goals, don't plan to move into a big house within one year time when you don't have a feasible plan to achieve it within one year. You can have an 8 years plan to own a house that you cannot afford now, start now to work towards achieving it. Since your income cannot afford it then think about investing a part of your savings into a store of value like Bitcoin. Think about increasing your income, learn new skills. Search for opportunities to earn more instead of making empty promises to yourself.

If you haven't been working towards a plan to actualize financial breakthrough in a new year don't make a resolution to achieve it. It is not necessary to make new year resolution but if you must let it be only on achievable goals.

Having resolutions isn't really the only thing that is necessary for financial breakthrough but it is good to have plans at the beginning of the year that you intend to work with instead of being aimless. Having resolutions without taking a step to work on the things that you want or trying to change. financial breakthrough doesn't just happen you must do your part to make sure you can get to achieve this

[Mhizlove]

As the years go by new year resolutions are beginning to seem very unnecessary to me, the most important thing you need to succeed in lifenis motion because there is no way that you can make progress without it...it doesn't stop at having a resolutions if you don't take necessary steps to make a change you would remain at a particular spot for a long time...you don't need a resolution for financial breakthrough you just need to work

Honestly I get your point. Because writing a resolution does not mean that much if it's no action is taken into consideration, you see progess only comes when you move and you're also put in consistent effort and I don't think you need a resolution to be successful. Rather you have to work hard, stay disciplined and if you really want change always stay in motion and believe in yourself and you will see great wonders in your life .

[hyudien]

Maybe for some people making New Year's resolutions is like a tradition, but for me personally it's no longer necessary, it's not that resolutions are not important, it's just that resolutions are just a theory, the most important thing is the action, the action that I will be able to be better in the new year and that my resolutions are truly realistic and can be realized with my abilities. These are important things if we want our lives to change for the better.

[Davidvictorson]

In my estimation, anyone who had to wait until first of January to make a resolution about their finances will break the resolution before the 10th day of the month. Those things are not sustainable. They are just trends that people follow to make them feel good and make it look as if there is a change, meanwhile they didn't make any. It was all smoke without fire. Financial breakthroughs are backed up by core finance principles that only the self-disciplined can sustain and in it not in lofty words or text but in SMART goals and execution.

[Hispo]

People do those resolutions because they see the change of year as a before-and-after, so they take advantage of that perception in order to try to commit in reaching their goals by the next year. It may sound unreasonable or lazy to some people but to me it makes sense when we consider it has become rather a tradition for people in the west to start working on their new objectives from January, in hopes on seeing results by December.
It is economically valid, though I don't know how effective it is in terms of helping people to improve their economical situation when compared to the previous year, as breaking old habits and keep new ones is very difficult.