Unless you’re as self-motivated as Michelle Bridges, it’s most likely the well-defined financial goals you set out to achieve on 1st January have now been delayed or aborted thanks to Covid-19.

If anyone ever needed an excuse as to why they couldn’t achieve something “the year 2020” is about as good as they get. As the late, great Steve Jobs once said, “sometimes life is going to hit you in the head with a brick.”

But as 30th June looms we have two choices: a) continue to use 2020 as an excuse, or b) to do as Jobs would do when faced with adversity. Whenever Jobs would encounter a challenge seemingly impossible to overcome, he would tell himself this – “Don’t lose faith.”

So, in the spirit of Steve’s advice, here are three things you can do to take charge, and to get a six-month jump on your next set of new year’s resolutions:

  1. Identify three areas of your life where you can put your wealth building on autopilot. At times like these, when willpower is being put to a serious test, look for three things you can do to take willpower out of the equation.

    E.g. Consider increasing your voluntary contributions to super to offset any money you may have lost and automate the payments via direct debit.
  1. Change things up – in the same way you would adjust a personal training plan if you weren’t seeing results, the same applies to wealth creation. Notice I didn’t say come up with a new plan? Rather than trying to reinvent your investment plan, there are often small changes we can make that can have a big impact.

    The message here is to be careful not to ‘throw the baby out with the bathwater’ – analyse what’s working and do more of it, analyse what’s not working and get rid of it. 
  1. Put it into action! In a recent article on the importance of taking action – which you can read here – renowned business guru Jack Canfield summed it up best:

    “The truth is, while most of us know a lot about earning money, making things happen and bringing about change in the world, only a surprising few get to have all the abundance, glory and satisfaction this world has to offer—simply because they are the select few who consistently take action.”

If you’re unhappy with where your finances are today, follow the steps outlined above. Most of all be sure to avoid the biggest potential trap of 2020 – which is to do nothing at all. I’ll leave you here with some words of inspiration from Stephen Covey, author of The 7 Habits of Highly Effective People: “Your most important work is always ahead of you, never behind you.”

If you are ready to take action, book a complimentary appointment with one of our experience Financial Planning Specialists. We have offices in NewcastleErina and Sydney.


Canfield, J “Get Motivated By Learning the Importance of Taking Action “ https://www.jackcanfield.com/blog/how-to-take-action/

Covey, S. R. (2004). “The 7 habits of highly effective people: restoring the character ethic”. New York, Free Press

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