Capital Advisory Group January 2020

And Set Alternative Goals for the New Year What’s Coming in 2020? THROW AWAY YOUR RESOLUTIONS TECH OF TOMORROW

Here we are in the future.We may not have flying cars yet, but 2020 promises to be an exciting year for multiple tech industries. Judging by predicted developments for this year, this new decade could see many of our sci-fi fantasies come to life. Here are a few of the most promising trends we have our eyes on. EXPANDED 5G ACCESS While the long-coveted 5G mobile network became a reality in 2019, it was by no means widespread. Now, with many cellphone companies upgrading their equipment at the beginning of this year, it’s likely the average American will soon have access to this latest generation of mobile internet. If it’s anything like the rollout of 4G, we may not see much of a difference in our connectivity right away. However, as access increases, 5G devices will become more common, paving the way for some very high-speed experiences in 2021 and beyond. EXTENDED REALITY Extended reality, or XR, is an umbrella term covering virtual reality headsets, Instagram filters, augmented reality devices, and more, and it is expected to become a household term this year. While price and hardware limitations have made this technology little more than a novelty until now, interest in XR is burgeoning in major industries like architecture and education.The line between digital and physical worlds may While devices like pacemakers and artificial hips have been around for decades, a new generation of implanted care devices has begun to emerge. For example, Stimwave’s micro- stimulators made a splash in the medical world last year when early tests showed they were an effective means of pain relief. As an alternative to drugs, these wireless implants block pain signals using an electrical field.This breakthrough alone may bring an end to the opioid epidemic. No one can say for certain what the future may hold, but with so many promising new technologies being implemented and improved upon today, the sky’s the limit for what we might see tomorrow. truly start to blur this year. MEDICAL IMPLANTS

At the start of each new year, about half of all Americans set at least one New Year’s resolution, a promise to themselves that they will thrive in the coming year. Unfortunately, research from YouGov Omnibus, an international market research firm, found that only 1 in 5 Americans stuck to their resolutions.The fallibility of New Year’s resolutions is why few successful CEOs or leaders bother making them. Around this time of year, plenty of articles pop up with hot takes like, “Don’t set New Year’s resolutions; make goals instead!” Unfortunately, if you haven’t been making goals already, you’ve likely been setting yourself up for failure. Setting goals, achieving them, and making new ones should be a habit all year long, not just something you do on Jan. 1.The start of a new year is still a great time to reflect and strategize, but rather than fall on an old cliche, take a page from two of the most successful people in business. REFLECT ON 2019WITHTIM FERRISS. For decades, entrepreneur and best-selling author Tim Ferriss made New Year’s resolutions every year.Then, he developed a better strategy. “I have found ‘past year reviews’ (PYR) more informed, valuable, and actionable than half-blindly looking forward with broad resolutions,” Ferriss said in a 2018 blog post. At the start of each year, Ferriss spends an hour going through his calendar from the past 12 months and making a note of every person, activity, or commitment that sparked the strongest emotions, both positive and negative.The most positive events get rescheduled immediately for the new year. Meanwhile, the negative ones get put on a “Not-To-Do List” and hung up where Ferriss can see them. PICKAWORDOFTHEYEARWITHMELINDAGATES. “I do believe in starting the new year with new resolve,” says Melinda Gates, co-founder of the Bill & Melinda Gates Foundation, “but instead of adopting a resolution, I choose a word of the year — a word that encapsulates my aspirations for the 12 months ahead.” Gates says that words like “spacious” or “grace” have helped her center herself and serve as a reminder about what she really wants to focus on. In 2019, Gates chose the word “shine,” stating that, “It’s a reminder for all of us to turn on the lights inside of us, lift each other up, and shine together.”

2

CapitalAdvisoryGrp.com

Made with FlippingBook flipbook maker