8 Big Ideas to Rescue 2025 Investment Resolutions RECLAIM YOUR INVESTMENT RESOLUTIONS BEFORE IT’S TOO LATE
BIG IDEA NO. 3: INVESTMENT RESOLUTIONS AREN’T RESOLUTIONS WITHOUT RESOLVE. Only you can decide what matters to you. You shouldn’t bother with “lip service” faux resolutions, made to appease or satisfy others. Honesty with oneself is a prerequisite for investment success. BIG IDEA NO. 4: RESOLUTIONS REQUIRE INVESTMENT RESOURCES. Almost anything you decide to do, any change you make, and any goal you set out to achieve requires new or different investment resources. That might be getting involved in Heartland Investment Partners and our Fund, owning a larger 100-plus unit property, or investing in a property at a predetermined discount. You aren’t serious about any investment resolution unless you invest in and gather the required resources. Sometimes, investment motivates follow-through, too. BIG IDEA NO. 5: INVESTMENTS REQUIRE DAILY PROGRESS. Take the investment objective and break it down to a timeline and to-do list for each day, or at worst, each week. Do you remember the Bill Murray movie, “What About Bob?” with the psychologist who advocates “Baby Steps”? It’s good to approach investing that way today. Rarely does anything get done in occasional big leaps. BIG IDEA NO. 6: WHO MOTIVATES THE INVESTOR? Paul Meyer, founder of Success Motivation Institute, posed this provocative question. In your day-to-day life, who motivates you? For the most part, you must create self-motivation with structure, like Big Idea No. 5. But you can also find like-minded investors here with us! Sometimes, it makes sense to partner with someone who holds you accountable, to whom you report progress, and who gives you an “atta-boy!” Any professional sports coach will tell you: Measurement automatically improves performance, and measurement monitored by someone else further improves performance. BIG IDEA NO. 7: IT’S NOT TOO LATE FOR AN INVESTMENT REGROUP! You may already have let your 2025 investment resolutions slip away. Doesn’t matter . Today, tonight, tomorrow morning at the latest, block out at least 30 minutes, bolt the door, unplug your phone, and regroup. Review your investment resolutions. Pick one or two or three that mean the most, and apply the above six ideas. BIG IDEA NO. 8: MAKE BETTER USE OF YOUR TIME. Investment resolve weakens under pressure and stress when you feel your time is out of your control. That’s the set of circumstances that allows procrastination to gain a foothold. If you want to be more resolute about keeping your investment resolutions, you must become unwaveringly resolute about controlling your time. Again, your financial future depends on it. Especially in this economy! –Darin
Resolve comes easily on Dec. 31. By February of the new year, the resolutions are frequently in disarray, compromised, and abandoned. And the resolute determination to make this year the year you stick to ‘em, forgotten altogether. This is not about making you feel guilty about abandoning them. Instead, it is about the real reasons why resolutions and the determination to achieve them are lost year after year, and how to change this year and get on track to systematically set and achieve new goals.
Of course, I am talking about investment goals!
So, here we are — already in June of this year — overdue for a check-in on your investment resolutions. For investors needing a nudge right now, here are eight ideas to consider between now and the end of the year. BIG IDEA NO. 1: YOU CAN’T ACHIEVE NEW INVESTMENT GOALS OR MAKE DESIRED CHANGES WITHOUT ALLOCATING TIME TO DO SO. In talking with investors, I find that a big reason their investment resolutions never become reality is that there is no room in their schedule for them! If your days are already full, and you resolve to spend half an hour a day on the treadmill or working on a project, that half hour has to come from somewhere. Something’s gotta give! You have to find something currently consuming your time and cut five, 10, or 15 minutes from it to work on your investing. BIG IDEA NO. 2: INVESTMENT PRIORITIES SHOULD GOVERN THE SCHEDULE; THE SCHEDULE SHOULDN’T GOVERN INVESTMENT PRIORITIES. Sometimes, as an investor, it is easy to operate like a worker instead of an investor. They report to a workplace, then let people, events, and interruptions come at them, taking control of their day. You must wrest control away from others’ priorities and govern by your priorities — it’s your financial future.
2 DARINGARMAN.COM
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