Before the pandemic, going to the movie theatre was one of my favourite things to do! There’s something about being in a dark room in front of a big, loud, screen, watching the journey of a lovable character unfold. I enjoy everything about being in a movie theatre – the stories, the special effects, the soundtrack, and of course the snacks. Extra butter on that popcorn please!
Something I particularly enjoy doing after leaving the theatre with a companion is walking out still high on all the action and drama, and asking them… “So what did you think?!” We usually end up discussing the movie’s twists and turns all the way home.
The year 2020 has played out like something out of Hollywood, hasn’t it? Mystery viruses causing a global pandemic, leading to world-wide panic, lockdowns and economic crashes to say the least!
But just like any movie, the ending is what makes or breaks the entire plot. The good news is that unlike Hollywood, we actually have some control over how the story of our 2020 will end. Yes, even when it comes to our money.
So, in this post I would like to share 5 Ways to End 2020 Strong financially!
- Replace all negative thoughts with positive ones
I often hear people say things like: Throw out 2020, Cancel 2020. I’m not exactly sure how you throw out a whole year, but that’s besides the point! Don’t allow nihilistic thoughts like these to settle in your mind. For better or worse, thoughts will determine the decisions you make the rest of this year. So if you think 2020 is a piece of trash that deserves to be thrown out, then that’s exactly what it will turn out to be.
If you have already settled on this way of thinking, please suppress these negative thoughts by saying positive affirmations out loud such as, “I will make the most of what’s left of 2020” and “I will set new goals and accomplish them.”
- Pick ONE financial goal
In order to set yourself up for a glorious 2020 finale, avoid stretching your focus over too many ambitions. Pick ONE financial goal you would like to accomplish, and put your energy towards that. Now is not the time to save for a mortgage down payment AND buy a car AND pay off all your loans.
Pick one goal that will mean the most to you. Write it down, be as specific as possible, and give it a deadline (e.g. I will save $5,000 by December 15th 2020). I recommend doing this thoughtfully and prayerfully so that your goals are aligned with God’s purpose for you and the rest of your year.
Although your ONE goal should be challenging enough, make sure it is also realistic based on your circumstances. This will prevent the feeling of disappointment once the curtains are drawn at the end of 2020.
If you have the capacity, any extra goals you accomplish beyond this single one will just be the cherry on top of the cake!
- Many small steps = One big leap
I previously mentioned that your ONE goal should be challenging. However, it is human nature to lose motivation from time-to-time when working towards anything worthwhile.
The best way around this motivation hurdle is to break big goals into smaller milestones, making sure to celebrate each small milestone along the way.
Believe me, this little celebration, even something as simple as getting up and dancing for one minute (my favourite form of celebration), will go a long way to keep you motivated until the next small milestone!
- Establish a Plan
Now that you have the ONE goal broken into smaller milestones, how are you actually going to make it happen? You will need an actionable, written plan.
Do you need to negotiate a higher bonus based on your performance? (Yes, bonuses and raises are STILL happening this year).
Do you need to take one or two extra clients to make your goal achievable?
Can you bump up your household savings rate by cutting out unnecessary expenses?
Listing out your plan and placing it somewhere visible will prompt you to take the steps required to make your goals a reality.
- Share the goal with someone who will support you and keep you accountable
Be careful who you discuss your goals with! Please don’t discuss your goals with that one person whose approval you are always seeking. They are the same ones who will be the first to poke holes in your ideas and plans.
You know who I’m talking about!
One positive thing about the pandemic is it has forced people to seek community online. Social media spaces like Facebook groups have quickly become a source of accountability when used appropriately.
That’s it! These are the 5 steps I recommend if you are looking for a strong ending to your 2020!
I want you to imagine December 31st 2020 and the joy you will feel because you accomplished the goal that you set TODAY. Can you see the box office headlines already?
“Your 2020: A year deserving of accolades, ovations and awards!”
We love to hear from you, so don’t forget to like, leave a comment, follow us and tell a friend.
Have a great day!