5 REIT Resolutions That Will Help You Sleep Well At Night by Brad Thomas

Summary

Saving money is one of the top five New Year’s resolutions and also in the top five for most commonly failed.
More than half of respondents said they fail their resolution before Jan. 31.
Women make health-focused resolutions while men pledge to find a new job and lay off the alcohol.
How about you? What are you hoping for in 2020?
This idea was discussed in more depth with members of my private investing community, iREIT on Alpha. Get started today »

Every year, all around the world, people make New Year’s resolutions.

These life goals vary, of course, depending on personal situations and personal objectives. But there are some very common ones out there nonetheless.

In preparation for this year, Inc. published “10 Top New Year’s Resolutions for Success and Happiness in 2019.” And while that piece is now a year old, something tells me it’s still timely enough.

After all, times may come and times may go, but human nature stays the same. So I’m more than confident sharing its intro that:

According to research on the topic, about 60 percent of us admit that we make New Year’s resolutions. But only about 8 percent of us are successful in achieving them. Regardless of whether we achieved our previous resolutions, most of us go right ahead and make a new set of resolutions – hoping for the best.

Here are a few more interesting facts about New Year’s resolutions:

Saving money is one of the top five New Year’s resolutions and also in the top five for most commonly failed. More than half of respondents said they fail their resolution before Jan. 31. Women make health-focused resolutions while men pledge to find a new job and lay off the alcohol. So…

How about you? What are you hoping for in 2020?

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Been There, Failed That

In case you were curious, here were last year’s “top 10 New Year’s resolutions according to a survey of 2,000 people.” Which, admittedly, isn’t that many. But you’ll probably resonate with at least one of the answers Inc. collected anyway.

Diet or eat healthier (71%) Exercise more (65%) Lose weight (54%) Save more and spend less (32%) Learn a new skill or hobby (26%) Quit smoking (21%) Read more (17%) Find another job (16%) Drink less alcohol (15%) Spend more time with family and friends (13%). Sound familiar? Like you’ve made some of those more than once? Maybe even every single year for a while, only to fail each and every time?

If that’s the case, as the article intro stated, you’re not alone. The vast majority of people fail in this regard. And perhaps for good reasons.

For one thing, we have a very bad habit of making lists. The more, the better, we think, and so we commit to many personal promises and pledges. Numerous ones, even!

Bring them on, we say. We can handle them. #newyearnewyou!

Right?

Perhaps. Then again, perhaps not considering how there’s only so much time and energy in a day to get so much accomplished.

We’re even more likely to fail when we make our resolutions too big. Take Inc.’s resolution No. 1: Eating healthier. Why do we declare we’re going to go cold turkey (or no turkey) into some “nutritional” plan?

“December 31, we’re going to eat, drink, and be merry, for tomorrow we diet!” is our rousing cry, thinking we’ll be perfectly fine giving up sugar for good once Jan. 1 rolls around. Or carbs. Or fats. Or everything but air.

Then along comes a cookie… or a buttery croissant… or a big, juicy, cheese-smothered burger…

Or anything but air.

...Originally Posted On Seeking Alpha

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