2008 Resolutions

My three important files
(Sorry for the mess as I was also doing some spring cleaning in my office last month)

I did my yearly financial resolution every year. I started in 2004 without putting much thought in it until I saw the results of writing my resolutions on a paper in 2005. I made two wise and significant investment in 2005 as a results of making a resolution end of 2004. Since then, I have never failed to make a resolution list every year.If you have not started one, this is my best advice for you this year. Have a resolution written down on paper. Whatever it is, personal, financial, career, love life or whatever, you will benefit from it.

Let me share just a bit to you.
I believe all of you have a resolution. I had, have and still having them. Life is no meaning without one. ( you can also call resolution a dream)

To be more organized, get at least three new files and categorize them into these three;

1. FILE FOR YOUR RESOLUTION

2. FILE FOR YOUR INVESTMENT

3. FILE FOR YOUR DEBT/BILLS

p.s I'll post the investment and debt/bills file content much later

I divide my resolution in three categories.

MY RESOLUTION FILE

p.s I have more on my list. Here i will share some of them and i also have some for you to consider putting on your list.

1. Short Term Goal

Short term goal is a one year goal. This is valid for 2008 only. Example:

1. Start an education plan/saving for my baby. RM500/month

2. Improve my wedding cake making/decorating skills

3. Earn extra RM500 a month.

4. Reduce other debts. My car debt will soon end this February!!! yea..next moth.

My last three payments of my car loan

Other than that, examples of short term resolution are;

6. Save for RM200 a month for year end travel to Bali

7. Learn a new skill like swimming, dancing etc

8. Buy a new car ( only if you don't have one)

9. Buy an apartment for investment

10. Start a family

2. Medium Term Goal ( 2-4 years)

1. Save RM1000 a month

2. Buy a new car

3. Buy another property

4. Bring my parents to Australia

5. Write a book on cake decoration

Other medium term resolutions are;

6. Start a tuition class

7. Further study

8. Add another child to the family

3. Long Term Goal (5- 10 years)

1. Sell current house and build my dream house

2. Europe travel with children

3. Change career

4. Buy a land or other property

Review your goal after 6 months. You will be surprised if some of your goals is already halfway achieved. Try it. It works for me and I am sure it will work for you too.

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