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Financial resolutions: 2011

If you’ve been wondering why your life sucks the time has come to look in the mirror.

CAPE TOWN – If you have been feeding your brain with cynicism and wondering why your life sucks the time has come to take a long hard look in the mirror and realise that you are entirely the captain of your ship. To quote Roy Orbison: “Anything you want, you got it.”

And I hear you say, but I want to be rich and can barely get by, so Roy Orbison sucks.

Sorry friend, dreaming is very different to focussing your brain on an unbending goal and matching your behaviour to the goal.

And beyond goal setting, have you thought about the purpose of money. Is money simply a tool to help you get by in life or is it something that can be used for good? And knowing that it can be used for good, don’t you want to be able to help as much as possible.

Believe it or not, there are a few seemingly esoteric laws for the creation and containment of money. Money is energy. If you do not show it respect, it will not show you respect. If you treat it with fear and apprehension, it will hide from you.

Observe how the truly rich conduct their lives with discipline and faith?  The wealthy seldom settle for second best because they know they deserve better – learn to deserve more from life.

As much as Julius Malema may hate to hear this, it must be said that you need to learn to own your means of production. Commit to constant improvement and learning. Warren Buffett says education is a great hedge against inflation as it keeps you relevant and competitive.

Set a goal. I am a fan of BHAG’s (Big Hairy Audacious Goals – from the book “Good to Great”) because it opens up the possibility of landing among the stars.

Learn something new which applies to your goal. Harness an enquiring mind and be open to new possibilities. Think about what you know you know; and then how much more there is to what  you know you don’t know; and then try to conceive how large the gap is as far as what you don’t know you don’t know is concerned.

Finally, as far as financial planning is concerned, my wish is that you don’t confuse risk and short-term volatility and that when you sell you have something better to invest in.

*Stuart Kantor (BBuSc Finance Hons and CFP) is an independent financial adviser and member of Kanan Wealth CC.

“Good to Great” can be purchased from the Moneyweb Shop by clicking on /mw/view/mw/en/page297782

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