As a blogger, I have been writing so many things to do for the New Year's. But last night, while we were waiting for the countdown, during a casual sharing with my family and friends of what's the best thing that happened to us in 2015 and what we would want to achieve in 2016, I realized one thing.
The importance of financial awareness is actually the best thing that happened to me.
Because of it, I had a paradigm shift and the light at the end of the tunnel was brighter than ever. I see now my purpose (my daughter) and I am blessed this year with ways on how to bring security to me and my family.
So many people say money is the source of all evil or money is not as important as happiness. Everybody is entitled to their opinion and it's interesting what makes them say so. But my opinion goes as far as: it is an essential tool to bring forth happiness. Your intentions will shape its efficiency. And your integrity can take you a long way. So this year, with my plan to carry out what I wanted to achieve, which is to add a fundamental amount in addition to my usual savings, I am planning to follow the 52 week challenge. Simple as it may seem, I'll borrow the image so that you'll have an understanding of how to earn an additional HK$5,000 in 52 weeks. For whatever reason you may have for this money, I'm sure it'll give you a sense of possibility. That if you will something, there's a way to make it happen!
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| This guy maybe targeting US$5,000. But let me tell you, HK$5,000 may not buy you a house, but it's still a big amount of money. |
It is challenging because the sustainability of the act will be tested in time. But the good part in here is that it gives you something to look forward to at the end of the year. This will develop a good habit in you. This goal is a S.M.A.R.T. one too.
How?
S. SMART
It is money after all. Picture Christmas happening each year. And picture how much money you are able to produce a month before just to buy presents for your loved ones. It does give your wallet a huge hole by New Year's! Of course, you would deny that. There's just a couple of things why. It's because you used your credit card. Anyway you went for an instalment plan for most of your Christmas gifts. Or, you are too proud to admit so.
So why not reverse the idea, this HK$5,000 may be used for your Christmas shopping without getting much from your November salary. Get the picture?
M. MEASURABLE
The image is a clear table that suggests measured amount for a specific week with the total amount to expect at each week plus the total amount at the 52nd week, highlighted.
A. ATTAINABLE
Unless death comes upon inevitably (knock on wood), all of these are made attainable because the amounts each week are not too much. For a medium class worker, this is very possible. Now of course, the *poor, technically are more of expected to even make it than the middle class because they don't have as much expenses as the medium class. So don't underestimate their capacity to save as well. These are all but a challenge to anyone but the truth of the matter is, it is attainable, if you will it.
R. REALISTIC
On top of it being attainable, it becomes realistic when you see your piggy bank getting filled up and the monetary price is tangible enough for your palms and fingers to get to touch.
T. TIME BOUNDED
The chart specifically designates each amount with the corresponding week. So, knowing that 5,000 can be attained before the year ends, it can actually be adjusted. You can add more to it by extending your time frame. Or shorten it by increasing the amount as you lessen the number of weeks. Knowing that there are 4 weeks in a month gives you a perfect sense of how much to expect at a certain specific time.
So, support the idea by achieving the goal with me or by sharing it to someone who needs a template sample just like the one above. Happy New Year's and may you be financially free as soon as you will.
*POOR - The terms was aimed to be used to specify classes of people depending on their financial resources. Nothing else.
Related posts:
1. HOW FINANCIALLY FIT ARE YOU? - You want to know if you are financially stable right now? Take this simple test to find out.
2. MY ADVOCACY FOR A FINANCIALLY FIT SOCIETY - How I was called to educate and serve.
3. RICH DAD, POOR DAD - A post about how this book inspired me to choose financial freedom over fast riches.
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