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Fun on Friday: New Year’s Resolutions Are for Suckers

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It’s a new year. That means it’s time for New Year’s resolutions!

By that I mean it’s time for other people to make some New Year’s resolutions. I don’t do that. Resolutions are for suckers.

Look. I could go through the motions. I could sit here and tell you that in 2018 I’m going to quit eating donuts. But my momma told me not to lie. And I know, as sure as I’m sitting here typing this, I am not, under any circumstances, going to quit eating donuts in 2018.

I know it.

You know it.

The lady at Krispy Kreme knows it.

It’s not that I don’t want to quit eating donuts – well – kind of. I mean, I know they aren’t good for me. I would like to drop a few pounds. Cutting the donut out of my diet would help achieve that goal. But let’s be honest. Making a pronouncement on Jan. 1 that I am not going to eat donuts isn’t going to accomplish anything. New Year’s resolutions don’t work.

In fact, only 8% of people who make New Year’s resolutions keep them. Most don’t even make it through January.

I don’t like to fail. So, I’m not going to bother.

But a lot of people make resolutions. I know this is true because I went to the gym on Jan. 1.

Understand, this was not part of any New Year’s resolution. As I’ve already established, I don’t do that. But I do go to the gym regularly. I eat donuts. Going to the gym is a must. And on Jan. 1, it was packed out. There was a big line at the desk – people signing up for new memberships. I didn’t get my first choice of cardio machines. It was way too peoplely.

In general, the gym is pretty annoying in January. But I can rest assured that when February rolls around, I won’t see most of those people ever again. Well, I might see them at Krispy Kreme, but not at the gym.

Experts in these sorts of things say the problem with resolutions is that they’re generally too ambitious. As a HuffPo article pointed out, “When it comes to health goals in particular, all-or-nothing goals ― which are usually based on unrealistic expectations and don’t leave any wiggle room ― are a setup for failure.”

The key, experts say, is incremental lifestyle changes. Instead of giving up donuts forever, maybe I could just cut back to one donut a week.

Another problem with resolutions is the hard start-date.  When I proclaim, “Starting Jan. 1, I will stop eating donuts,” that start-date implies an end-date, which is likely going to be around Jan. 4 when I see the “Hot Light” is on at the Krispy Kreme. Once you blow up the resolution, it’s hard mentally to get back on the wagon.

I think there is some truth to all of this, but I also think at some point you have to start. As the Nike commercials implore – “Just do it!” If you never take the first step, you won’t ever accomplish anything. So, I see some value in using the new year as a time of evaluation and reset.

The truth of the matter is, I don’t really want to stop eating donuts forever. But I do have some things I’d like to achieve in 2018. No, I didn’t make any hard-core “resolutions,” but I have goals, and I’m taking steps to take to get there.

While we’re on the subject of goals, have you thought about getting your investment strategy off the ground this year? Now is a good time to start. Not because it’s a new year, but because it’s now! If you never take that first step, you’ll never get to the second one. And as we’ve been reporting there are some pretty good indications both gold and silver are a bargain right now. SchiffGold’s precious metals specialists can help you get started investing in gold and silver. Give them a call at 1-888-GOLD-160. Don’t resolve to do it. Just do it.

Fun on Friday is a weekly SchiffGold feature. We dig up some of the off-the wall and off-beat stories relating to precious metals and share them with you – with tongue firmly planted in cheek. Click here to read other posts in this series.

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