Money Life Wax NY Resolutions

On average, 80% of New Year’s Resolutions will fail by February. Of the 20% that make it past February, only 8% will actually succeed in accomplishing their desired goal.

So if you missed Tuesday’s post, this is actually the second part of a two part series for maintaining and accomplishing your New Year’s Resolution. Before reading this I would recommend clicking this link to read part one.

In a nutshell, part 1 included steps 1-3 that got you thinking differently about your New Year’s Resolutions. Today, I aim to expand on steps 4-7 that will for once empower you to keep your resolution and not fall into the 92% who don’t.


Step 1: Read Compound Effect

Step 2: Don’t set the bar so high

Step 3: Have a plan



#4 Tracking

Track your goals by writing, logging, journaling or keeping track daily. Yes, you will have to keep track daily in order to accomplish your goals. Remember 92% people don’t accomplish their goals because they set the bar too high and they also don’t keep track of their progress.

The most important part about tracking – it will keep you consistent and true to your goals.

For example, let’s say you want to lose weight by eating 2,000 calories a day and working out 4x a week for 30 minutes. Use an app or journal to log your calories and workouts. You will hold yourself accountable.

Once you track for 30 days you will develop the habits and routines you need to accomplish your goals. Want to save more money? Track every dollar you spend. Want to be a better husband/wife, track all the great things your significant other does for you.

Tracking can also keep you focused and help you avoid distractions. Here is a video that elaborates on tracking. 

Read more about steps 1-3 here.

#5 If you slip up, just bounce back

Chances are you might slip up or have a mental lapse in regards to your new goals. But don’t let the define or break all your progress.

Unfortunately, in most cases what happens when people fall back to old routines or bad habits they give up on their goals. Just having awareness you might slip up will help you bounce back quicker.

Forget to work out one day? Don’t make it a habit, just get back at it the next day. Remember, change takes time and will not happen overnight.


 take action

#6 Don’t wait until January 1st

Just a few days prior to the New Year, step 6 pertains more to the idea that you don’t have to wait for the New Year every year in order to start a new habit, goal, or activity.

In fact, setting dates to start something can have a negative psychological impact because they often imply an end date. There is no end date if your resolution is to become healthier, more financially disciplined, and so on.

I actually started a resolution in February one time, no more soda. I just decided one day that I was done and stopped drinking diet coke. I did not wait for 10 months to start my new goal.


#7 Learn to not be easily distracted

Life happens and distractions will arise. However, using these distractions to justify why you are not accomplishing something is only impacting one person, YOU! Bluntly put, everyone will have something come up in the next year that can easily put us back into our old routines and habits.

Don’t let things like the all too common “busy badge” distract you and stear you off course. Part of setting new goals or habits revolves around the idea that you will not make justifications as to why you can not continue.

One way to avoid distractions is to be solution seeking not excuse making. For example, give yourself non negotiables such as no TV until you work towards your new goal.

Additionally, coinciding with step 3 – having a plan, write down the 3-5 possible distractions that make take you off course. Now that you are aware of these, you will be more mindful when they come up!



Results may vary…


I hope these steps help you join the 8% club. Personally, I know every year I say I am going to accomplish all these great things and most of the time I don’t.

Breaking through the first 30 days is vital to your success as well as following these simple seven steps.

At the end of the day, change is not easy. Saying what your going to do is easier said than done. In the past, I have accomplished silly goals like no soda for a year or no energy drinks for a year (not sure why I always focus on what I drink).

After getting through the 30 day mark, you almost forget your old ways and your new subconscious takes over.

One tip I read was to put your goals in writing and to tell someone, to hold you accountable, so here are my goals for 2018:

  1. Consume 125 calories less a day, 13,125 a week

  2. No soda (there it is again)

  3. Pay off $75,000 in student loan debt (we paid off $60,00 this year, I wrote about it here)

  4. Transition to 3 posts per week on the blog

  5. Exercise 4 days a week with at least 2 cardio

  6. Say something really nice to at least 5 people a day


I hope this helps and I want to wish you a Happy New Year!!! 2017 has been awesome and 2018 will be even better.


Q: What is your 2018 Goal?


Your future self will be glad you read.            – Josh

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