Blog Layout

Why Do Resolutions Fail?

talessi@ariesfoundation.org

This is a subtitle for your new post

Research has shown it is more effective to make resolutions at New Year’s than at any other time of the year.

 

In fact, one study found that people who made resolutions on

January 1st were 10 times more likely to stick with them 6 months later than

people who made their resolutions at other times of the year.

 

But now the bad news: even a resolution made at New Year's will

most likely fail, which is why gyms are packed in January, but they start to

clear out by March. Research has found that only around 8% of people can stick

with their resolutions through the end of the year.

 

So why is this? And, how do we avoid that trap?

 

Part of the misconception with any planning or goal-setting is that most of us think that in order to make big changes in our lives, that we have to make some sort of really big effort, in order to achieve the goal. Let’s use the example of trying to run a marathon for the first time; you might start out with the plan to run 7 or 8 miles three times a week, that seems kind of proportionate to your goal. In the beginning there will be excitement, which will add to your motivation, so you will do it for the first few weeks. But there comes a time when the excitement wears off and the motivation will start to lag, and running those 7 or 8 miles is going to feel…hard to do and maintain. And what happens? We stop. Or find a reason as to why we can’t continue or go out and do the run today. Being overly ambitious with our goals is one of the ways we fall into the trap of not being able to stick with them and accomplish what we set out to do.

 

Let’s try and fix this.

 

The truth is you're much better off if you pick small targets

that you can hit consistently. In James Clear's book "Atomic Habits"

he presents the idea that if you can get just 1% better every day at something,

it will take a minimum amount of effort, but over time the effects will

compound, sort of like the concept of compound interest. The author proposes

the two-minute rule: 'pick something that you can do in just two minutes'. That

way you can't say you don't have the time, or it will take too long to do. Once

that habit sticks, then you can try to extend it and overtime you build up the

momentum to accomplish what you set out to do.

 

One of the biggest problems that most of us face is that they are often too vague. The most common resolutions every year are to lose weight, exercise more, and to eat better.

 

The problem is that these goals so nondescript that it's hard to

know if you're making progress, and it becomes really easy to regress into your

old habits. Goal-setting and the science behind it says your goals

(resolutions) need to be specific AND, you need to write them down. People who

write down their goals are 40% more likely to achieve them. That is pretty

significant just by taking that step of putting pen to paper.

 

The other important piece is being able to track your progress.

 

It should be in an obvious and very visual way. Whether you have a calendar, spreadsheet, or online tool that you can use, it needs to be something that helps you see that you are making progress to your goal.

By Thomas Alessi November 22, 2024
7 Smart Shopping Tips for Black Friday
By Thomas Alessi November 11, 2024
Completing these financial tasks before year-end can help set you up for financial success in the New Year.
By Thomas Alessi August 19, 2024
This is a subtitle for your new post
By Thomas Alessi May 13, 2024
And You're Not Alone!
By Thomas Alessi May 1, 2024
The S&P 500 returned 26.34% last year
By Thomas Alessi April 18, 2024
Now It Looks Like No Landing At All...
By Thomas Alessi April 10, 2024
When a (jobs) report doesn't tell the whole story...
By Thomas Alessi March 26, 2024
The stock market is so bright that you're gonna need to wear shades...
By Thomas Alessi November 8, 2023
T he projection was to spend a record 12.2 Billion (that's a lot of candy...)
By Thomas Alessi November 3, 2023
Hey, Mr. (Fed) DJ - Can you play something else for a change?
More Posts
Share by: