Fun fact, the month of January is named after the Roman god Janus. Janus had two faces – one looking backward, and the other looking forward.
The ancient Romans imagined that on the 31st of December each year, Janus looked simultaneously backward to the year that was, and forward to
the year that would be. And thus became the tradition of the new year’s resolution when every January, we reflect on past failings and resolve
on a better future.
But how many Januaries have you spent promising to sort out your finances and start investing only to find yourself back to square one come 31st December
– dissatisfied with your bank balance and uncertain about your future? Seeing that January is the time for reflection and reset, we have 17 tips
to help you create a more prosperous 2017 and beyond. In no particular order:
Tip 1: Don’t bother with new year’s resolutions
As well intending as new year’s resolutions are, more often than not, they turn out to be nothing more than post-holiday whims. Investors who join APIA
in January are 57% more likely to let their membership and investment efforts lapse at the end of the year than those who join at any other times of
the year. Temporary motivation does not lead to permanent change. If you want to start investing in 2017 then do it because you have made a commitment
to become financially independent, not because it happens to be January.
Tip 2: Invest for a purpose
A booming market is a breeding ground for FOMO investors – those who invest purely because they do not want to miss out on the perceived gains being made
by other...
