Plan for uncertainty

Unfortunately, turning the calendar past 2020 hasn't erased all the problems that we've been facing for the past year. If feelings of uncertainty and anxiety are starting to get between you and your 2021 goals, use this three-step process to plot a better path forward.


1. (Re)Identify your purpose.


A big reason that so many New Year's resolutions and goals fail this time of year is that they weren’t clear and actionable. In other cases, some folks get so caught up in the positivity of a new year that they set too many targets that aren't important enough to follow through on.


If you've lost sight of your annual objectives, take a moment to refocus and reassess the goal you were so excited to achieve at the beginning of the year. Did you aim too high at something you can't realistically accomplish? Did you aim so low that you aren't really motivated anymore? Are external events such as financial market fluctuations and COVID-19 clouding your perspective on what you can and cannot do?


When so many things feel beyond our control, it's important to refocus on what you can control. Use your recalibrated expectations for 2021 to home in on one or two goals that will make this year a success.


2. Make a microplan.


So, you've decided this is the year you're going to start saving for a new home, in anticipation of a big 2023 move? That's a good goal! But what you don't have yet is an actionable plan. If you just tell yourself, "I'm going to spend less every month and put more into a dedicated savings account," it's likely you won't be happy with that account balance at the end of the year.


Microplanning is a strategy that can help you break down annual goals into actionable short-term steps.


Let's say your dream house is RM800,