You've likely heard that 80% of New Year's resolutions fail by February.

And some studies have even shown that less than 10% of individuals will have achieved their New Year's goals by year-end.

So then, what's the point, right?

Why do so many of us go through the trouble of setting goals if there's a low chance of achieving our desired outcomes in the end?

Well, it's likely because we all know that goal setting allows us to create a structure for the things we're trying to accomplish, gives us a sense of control, and orients our mind away from the past and towards the future.

To be sure, deep down, many of us want to experience a new and improved version of ourselves in one form or another. And so, milestones, like the changing of a new year, is a perfect time to try to give it a shot.

New year, new you, right?

It's just like Wayne Gretzky once said, "You miss 100% of the shots you don't take."

So then, how can you improve the odds in your favor and make lasting changes in the coming year?

Well, you can do so by creating resolutions anchored to your broader life purpose, focusing on actions that reflect your values, and developing resilience to meet setbacks head-on.

Sounds simple, right?

Simple, yes, but the truth is that by aligning your financial strategy with what truly matters to you, you'll create meaningful financial resolutions and likely be able to see them through to the end of the year.

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