MAP Strategic Wealth Advisors

Six takeaways:

Author and financial planner Tom Corley has spent years studying hundreds of wealthy people. One common denominator between them is that wealthy people cultivate “rich relationships,” spending time with people who are fulfilled, driven, happy, and successful. He provides some tips for taking account of your existing relationships, and for striving to bring more rich relationships into your life.

1. Make a List: Create a comprehensive list of your relationships. Utilize a notepad to record all individuals, such as mom, brother, best friend, and co-worker.
2. Identify Influence Relationships: Assess the amount of time spent with each person. Designate those exceeding one hour a week as “influence relationships,” which can exert either a positive or negative impact on you.
3. Score Your Relationships: Assign a plus sign to names representing enriching relationships and a minus sign to those indicating less productive connections in a third column.
4. Tip the Seesaw: Develop a plan to minimize the time spent with relationships that lack enrichment to less than one hour a week. Simultaneously, increase the time dedicated to nurturing enriching relationships to more than an hour a week.
5. Find More Enriching Relationships: Compile a list of individuals falling into the enriching relationship category, whether known or unknown. Join networking, civic, or nonprofit groups to expand your social circle.
6. Initiate Casual Connections: Connect with people by inviting them for coffee or a drink. These informal gatherings are remarkably effective in fostering the growth of your relationships.

By Shawn Carter for CNBC
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Five takeaways:

Our habits are building blocks of our identities. So: to make a new habit stick, we have to make it a part of who we are.

1. 1. Goals such as “I want to lose 20 pounds” or “I want to squat 300 pounds” are not identity-based goals. They are outcome-based goals, which provide an easier path to disappointment.
   2. Changing your beliefs isn’t nearly as hard as you might think. There are two steps: First, decide the type of person you want to be. Second, prove it to yourself with small wins. Incremental changes provide a feeling of momentum and growth.
   3. Choosing that new identity takes careful calculation. The power of choosing a new identity holds at any level—as an individual, as a team, as a community, as a nation. What do you want to stand for? What are your principles and values? Who do you wish to become?
   4. For instance, say you want to lose weight. Change your identity to be someone who moves more, every day. Achieve the small wins of buying a pedometer, then walking an extra 100 steps per day. Then 200. Continue ratcheting up.
   5. The identity-based habit approach forces you to become the type of person who can achieve the things you want to achieve. The identity comes first– the results can come later.

By James Clear:
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Six takeaways:

1. 1. 1. Why do Leap Years occur? Mathematically, the exact length of a year is not 365 days on the dot, but 365.2422 days. That small extra 0.2422 days adds up over time… every four 0.2422 days roughly equal one full day. So every four years, we add one on.
      2. If we didn’t account for this extra time, the seasons would begin to drift. This would be annoying if not devastating, because over a period of about 700 years our summers, which we’ve come to expect in June in the northern hemisphere, would begin to occur in December.
      3. Who made leap days? By the third-century BCE, Egyptians followed a solar calendar that spanned 365 days with a leap year every four years. Julius Caesar would later adopt this calendar, inspired by the Egyptians. Caesar’s math of 365.25 days was close, but it wasn’t the exact 365.2422 days the solar year contains- in fact its roughly 11 minutes short. As a result, the Julian calendar would be short a day once every 128 years.
      4. When Pope Gregory introduced the Gregorian calendar in 1582, he likely didn’t know that it too was not perfect: the Gregorian calendar falls short once every 3,030 years.
      5. What happens if you are born on leap day? With odds of one-in-1,461, a leap day birthday is the rarest one can have. At least 5 million people across the world boast a leap day birthday nonetheless.
      6. What are the upcoming leap days? On the Gregorian calendar, leap years occur once every four years. They will be Feb 29 2028, 2032, and 2036.

By Olivia Munson for USA TODAY:
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Five takeaways:

Studies show that only 16% of resolutions made are followed & implemented to completion. Here are some tips for setting New Years Resolutions more accessibly and realistically!

1. Set your New Year’s resolutions at the right time. setting New Year’s resolutions at the right time, especially when actively engaged in activities similar to those that will help you achieve your goal, is a great trick. Set workout-related goals, when you’re already high on the endorphins of exercise in order to create a positive neurological association.
2. Make an explicit plan for achieving your goal. This includes thinking through ways to eliminate potential obstacles. This will make implementation of your goals much smoother.
3. Choose a goal you’ll enjoy. Research shows that people have more success achieving goals if they use a method known as “temptation bundling.” If your goal is to get more exercise, link it with a pleasurable activity such as a favorite podcast or TV show. If you’re trying to eat more healthfully, take a cooking class or make a plan to prepare a healthful recipe with a friend.
4. Subtract things from your life, such as activities you are only loosely committed to, or that directly hinder your stated goal. Clear the path.
5. Forgive failures. Don’t define success as pass or fail. Celebrate the small successes, even if you don’t get all the way to your stated goal. Do not turn a partial win into a full defeat.

From Lindsey Bever for The Washington Post
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