Be Proud of Your Financial Accomplishments

Be proud for all you have achieved this year, writes Peter Watson.

The holiday season is a perfect time to be proud of all you have achieved during the year. Take satisfaction of your most significant life goals that you are working towards.

Yes, most work hard at a job, cope with the high cost of living, hopefully paying off debt and building a nest egg for the future. For many these are challenging times but giving yourself a pat on the back during the holiday season is a good idea.

Many will have worked hard on their career. This could include education and job training plus a strong work ethic that can lead to job security and potentially higher paying jobs.

The number one issue for many this year has been the high cost of living. I do not think this is an economic term, but my own observation is that “life is crazy expensive.”

Despite that some will have had success in reducing their personal debt, saved some money that is now invested and hopefully have a written financial plan that includes your life objectives and how they can be successfully achieved.

All your effort this year has been the result of hard work.

Give yourself a pat on the back for what you have achieved. It can be a human tendency to focus on the challenges of life but the cumulative hard work that is been done is a necessary step to achieving your life’s objectives. Celebrate your success.

Your future life requires a certain amount of cash flow. Life is expensive and some day you will retire and no longer receive a paycheque. The formula for generating that cash flow is to work hard at all you do, pay down debt, invest and manage those investments.

This is a perfect time to time to celebrate your accomplishments of the year.

Peter Watson, of Watson Investments MBA, CFP®, R.F.P., CIM®, FCSI offers a weekly financial planning column, Dollars & Sense. He can be contacted through www.watsoninvestments.com