80% of New Year’s Resolutions Fail. Here’s What to Do About It

80% of New Year’s Resolutions Fail. Here’s What to Do About It

A popular research shared by USNews found that only 20% of New Year’s Resolutions succeed. Let’s not talk about the why behind this failure rate, but try to find a way to do it right this year.

What can we do to set better goals, be more mindful, invest enough time and effort in it but not get overwhelmed at the same time, and be disciplined and consistent?

A recent episode of the Let’s Reach Success podcast covered this topic as well:

Here are the action steps:

1. Keep things simple.

Forget about bucket lists, forget about huge goals, forget about quick results, and fixing all areas of your life at once. All that leads to 0% progress. Instead, you want to be of the 20% of people who succeed with their new year’s resolutions.

2. Wrong expectations.

While I’m often again expectations in general as they have only made my personal growth journey harder over the years, you can have them sometimes. But they should be the right ones. And having the wrong type of expectations will lead to failure.

3. Mindfulness.

The next thing you can do to see success with your resolutions in 2018 is mindfulness.

What I mean is, we rush into things, we never slow down to enjoy the little wins. We want more, we don’t set the right intention or have a purpose, we don’t practice acceptance and gratitude. All these make our path much more difficult. And they can all go away if we’re mindful enough.

4. Get specific.

If your goal isn’t clearly defined, then you won’t achieve what you really want in the new year.

5. Trust yourself more.

Self-care is part of self-improvement. But often, people start being harsh to themselves, they expect more than they can do in a short period of time, then they feel bad about not achieving exactly what they intended to.

You need to relax, to give yourself some credit, enjoy the process and smile for the little achievements.

If you don’t do that, all this would be another thing you do in life filled with pressure and unpleasant emotions. So you’d just want to get it done. But that’s not the mindset you should have to succeed with your new year’s resolutions.

Building self-trust won’t happen in a day, but there’s a peaceful and easy way to get closer to that state. It’s by being kind to yourself.

6. Be passionate about the change you’re making.

One of the reasons why you’re part of the 80% that fail with new year’s resolutions is that you aren’t passionate about what you’re going after. But without passion, why do it in the first place?

Not only should businesses be built on passion and relationships started because of that, but the same goes for any goal you set. Especially a big one like a New Year’s resolution.

The aspect of life it’s related to must be something you deeply care about. Only this way can you be strong enough and consistent to keep doing it till you see results coming.

Another thing you can do to make sure your efforts are effective is to have a reason to do what you’re about to do.

I believe these 6 things are enough to help you try a new way to do new year’s resolutions and make 2018 better.

There are other reasons why 80% of people fail with that, and there are more actions to be taken to get in the right direction. But all that was included in this list somehow covers it all.

Don’t end 2017 the ordinary way. Do some brainstorming to find something you really want to dedicate time to in January. Make a plan. Keep it simple when setting it as a goal. Prepare. Then be ready to have fun while you’re achieving it.

That’s how you do New Year’s resolutions right.

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How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money

How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money - Interview with R.J. Weiss from TheWaystoWealth.com

This is an interview-style post with R.J. Weiss from The Ways to Wealth.

Hey R.J. What’s your background and what do you do?

I blog about all things personal finance at The Ways to Wealth.

Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.

During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.

How did you start your career in finance?

I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.

What made you start blogging?

The Ways to Wealth, which I started in 2016, has been my 5th blog.

The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.

The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.

I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.

I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.

How was The Ways to Wealth born?

I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.

I was actually thinking it would be a niche site, which was inspired by Pat Flynn’s niche site duel. Then, I came across the income reports of Michelle Schroeder-Gardner and wisely changed direction to a more traditional blog.

This change came about 6-months after starting to blog.  I did a timeline of the site in one of my income reports.

What worked best when trying to grow the site?

I had a decent knowledge of SEO. So at first, I started growing the site with email outreach. One of the first posts I had about best investing books of all time, had about 15 links to it.

This was nice to start with but was quite slow to build up, as it can take a while to earn Google’s trust.

The big turning point came when I started to understand Pinterest. I spent a few frustrating weeks on the platform, then it finally started paying dividends.

I went from about 100 sessions a day to 1,000, which was huge for me at the time.

How did you get to 3 million monthly viewers on Pinterest?

the ways to wealth pinterest 3 million monthly views

I lay out my Pinterest strategy here. But at the core the idea is to:

1) Write high-quality content that Pinners want to click through, read, and share.

2) Pin to my own and high-quality group boards, with a keyword-rich description.

3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.

One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.

What aspects of the online business are you outsourcing or automating and how?

The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.

Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.

I then went to Upwork and posted a job for a  graphic designer. I found a great team down in Argentina, who I’m very happy with.

I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.

I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.

What’s your main income stream and why do you think it works for you?

My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.

When did you start making more than $10K/month and what was the turning point?

My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.

What happened then in January?

First, personal finance is at its peak interest in January.

Second, I had multiple Pins go viral.

Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.

How do you balance work and family life?

I have a routine I stick to Monday through Friday.

When inside of my designated working hours, I work. When outside of these hours, I’m not.

This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)

What are you 3 best finance tips for newbies?

  • Focus on your savings rate. How much you save is the most important decision you’ll make.
  • Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
  • Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.

What books, blogs or podcasts help you stay motivated along the way of growing an online business?

I read a fair amount to keep fresh ideas in my head.

My favorite podcast is The Tim Ferriss Show.

Two blogs I enjoy reading are:

Farnam Street
Barking up the Wrong Tree

And as far as books. I try to read one a week. A few books I would recommend to online entrepreneurs would be:

Deep Work by Cal Newport
The Compound Effect by Darren Hardy
The Four Hour Work Week by Tim Ferriss

Pin this post if you enjoyed the interview.

Check out my interview with R.J. from TheWaystoWealth to see how he entered the finance niche, started making money blogging, began bringing traffic from Pinterest and monetizing it with affiliate marketing, and is now making $10,000/month from his online business. #blogger #interview #blogtraffic #incomeideas #income