Friday Coffee with MAP - Jan 26, 2024

Hello, and welcome to Friday Coffee with MAP, sent through our new newsletter client, Beehiv. We’d love to hear what you think of the new format!

This week article asks: is it true that New Year’s Resolutions never work? For many of us, resolutions frequently lead us to self-critical mental habits– and we often grade ourselves on a strict pass/fail scale. It is easy to forget that even partially implemented resolutions can yield significant life improvements. This article highlights that while resolutions may not lead to achieving our ideal bodies or doubling the number of books we read each year, they offer a chance to reassess goal-setting and our responses to challenges in bringing them into reality.

Happy reading!

_{Here’s a Better Way to Make New Year’s Resolutions 
by Lindsey Bever for The Washington Post}

Studies show that only 16% of resolutions made are followed & implemented to completion. Here are some tips for setting New Years Resolutions more accessibly and realistically!

• Set your New Year’s resolutions at the right time. setting New Year's resolutions at the right time, especially when actively engaged in activities similar to those that will help you achieve your goal, is a great trick. Set workout-related goals, when you’re already high on the endorphins of exercise in order to create a positive neurological association.  

• Make an explicit plan for achieving your goal. This includes thinking through ways to eliminate potential obstacles. This will make implementation of your goals much smoother. 

• Choose a goal you’ll enjoy. Research shows that people have more success achieving goals if they use a method known as “temptation bundling.” If your goal is to get more exercise, link it with a pleasurable activity such as a favorite podcast or TV show. If you’re trying to eat more healthfully, take a cooking class or make a plan to prepare a healthful recipe with a friend.

• Subtract things from your life, such as activities you are only loosely committed to, or that directly hinder your stated goal. Clear the path. 

• Forgive failures. Don’t define success as pass or fail. Celebrate the small successes, even if you don’t get all the way to your stated goal. Do not turn a partial win into a full defeat. 

So tell us: What is your tip for implementing new goals? Is there anything the list above is missing, in your eyes?

We’re looking forward to hearing from you! Have a wonderful weekend

Thank you,

The MAP Team

Manvir Manak, CFA, CFP®
Director of Operations | Investment Strategist
MAP Strategic Wealth Advisors
A Member of Advisory Services Network, LLC

10345 W. Olympic Blvd, Suite 110
Los Angeles, CA 90064
OFFICE: 310.601.4095
FAX: 310.388.5484
WEB: www.mapstrategic.com

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