Set Aside a Day for Financial Planning

Financial Planning Day

Financial Planning DayLast week, The Fool held a company-wide financial health day. Fools had the opportunity to attend classes on subjects like retirement planning and negotiating, and could meet one-on-one with our in-house financial planner, Robert Brokamp.

Robert blogs for Get Rich Slowly, and wrote a post about how your company can encourage employees to take a day to iron out their finances (or how you can set aside a day for this on your own). Check it out here!

By setting aside just a few hours to set up automatic payments, plan for emergencies, create a budget, and start saving for retirement, you can rest easy knowing your finances are taken care of!

Setting Goals for the New Year? Let Motivation Lead You to Success!

Goals

GoalsHow do you measure success in exercise? Do you measure it by X amount of pounds or body fat percentage lost? Or by X inches gained/lost, depending on your goal? How do you measure success in business or your personal life? Do you measure it by how many promotions or personal triumphs you’ve achieved? Success is incredibly relative to an individual but one common denominator that (should) define success is your effort level.

I recently read a great article in a popular health magazine, discussing what it takes to reach your absolute max potential in exercise. There is only a fraction of a percentage of folks who tap into their reserve, and literally give everything they have to whatever race, event, max lift, etc., they are attempting to complete. The example they provided was a physical stress test on a treadmill: Imagine you have nodes and a breathing apparatus attached to your body and you’re walking on a treadmill and gradually the doc increases the incline and speed to the point where you’re sprinting “as hard as you can go.” Are you in fact sprinting all out? Most likely, since this is just a stress test, you’d eventually give up as any normal person would. The example continues by asking the client what they would do if they were offered a million dollars to continue for another minute. Everyone in their right mind would do everything in their power to stay running for that extra 60 seconds. My point is that most people find themselves quitting before they really need to; I’m not advocating you push until injury, but there are many levels one can push themselves to between when they’d actually quit and their literal max.

If you aim to reach any of those levels in any aspect of your life, not just exercise, you’ll probably find yourself accomplishing a lot more than you thought was possible. I’ve helped mentor a handful of coworkers who have reached their personal success in very different ways. One Fool had the right mindset and wanted to get super healthy due to a risk of inheriting some unfavorable health traits. We came up with a 6% body fat reduction goal and he surpassed it by providing maximum effort every week, while shifting priorities and changing his lifestyle. Another Fool had a goal of working his dream job at TMF and,since I had recently lived this fantasy a couple years ago, I helped him realize his goal by doing everything in his power to succeed (volunteering on projects, putting in side work to help his cause, etc.) while letting the decision makers do the rest. Both Fools gave their 100% effort without knowing what the results would be. Both Fools happened to succeed.

With 2013 looming, we all have a great chance to start fresh through some New Year’s resolutions. Set yourself a few attainable goals and if you are 100%, without a reasonable doubt, giving your everything, you can live with the results whether good/bad; there is literally nothing else you could have done. Even upon “failing,” you have gained much more through maximum effort in terms of discipline and development. So let’s take 2013 as a time to lose the extra 10 pounds, or foster a better relationship with your coworkers, or spend more quality time with your family. Because if you’re not trying as hard as you can, why waste your energy and try at all?