We all know how 2020 was filled with ups and downs, some good, some bad, and it had a tremendous impact on our financial lives and business. Many businesses and individuals like me decided to take a payday loan in Montreal to get through it. But it’s 2021! It’s a new beginning – another milestone that promises amazing opportunities and sets the stage for your success.

This year is your chance to start with a new financial foundation to support your business or career. If you plan to start in the right way, strive to avoid mistakes, and develop good financial habits, enlisted below are four financial planning actions that you can take right now for your success in the coming year.

A financial foundation is about having money to spend and creating wealth for the long-term future. With enough wealth, you can fulfill your dreams and have a sustainable business that is always great and profitable. So, if you wish to start 2021 with a good foundation, take the actions below into account:

1. Repurpose Your Savings:

Resolve not to use your entire $1,000 bonus from work on a new car, home appliances, or a trip. Instead of cashing-out to get some new things, use it to grow your savings. Financial experts recommend that you put aside 10-20% of your monthly income for savings. Since you can’t put aside $1,000 this month, decide how to prioritize, and start with $100/month.

2. Tune Out the Advertisement Noise:

It easy to get sucked into advertising promising a better you. But advertising agencies know that money and desires go hand in hand, so beware of holiday advertising promising you the world. Instead of relying on advertisements, it’s wiser to spend your time and energy on practical things that will improve your financial life. Invest your hard-earned money in your future and in yourself. Learn, grow, and develop yourself professionally and personally because this will be the building blocks of your future financial success. Remember that time is money.

3. Be Realistic Yet Optimistic:

Resolve not to compare yourself with other people. There is always someone who is richer, smarter, prettier, better looking, or more successful. This is why social media posts aren’t a reflection of reality. It’s easy to get caught up in unachievable lifestyles. So instead of complaining that you have no time for yourself, think of your unique abilities and use them to build new streams of income. Though it’s not possible to have a perfect financial life, it’s time to believe in yourself and make those improvements that you’ve always dreamed of.

4. Check in With Your Advisor:

If you’ve recently set up a savings account, make it a priority to check in with your advisor to know how you’re doing and assess what you’re doing well. Now that your new year resolutions are in place, it’s never too soon to check in with an advisor. It’s important to develop good financial habits such as saving and checking your credit score to know your financial standing.

It’s great to know that the future is ahead of us and that we’re the masters of our own fate. It’s our choice not to let the past hold us back and our resolution to take charge of our personal finances to correct our mistakes and turn them into the experience.

Always remember to live your life to the fullest and achieve your destiny, it’s not easy, but if you’re willing to work harder than other people, it’s achievable no matter where you’re at.