Whether you are an employee or business owner, the end of financial year on 30 June, is a perfect time to reflect on your achievements, challenges, and growth. For many it’s been a demanding year and you’ve worked incredibly hard to stay afloat.
To set yourself up for success in the New Financial Year, use these tips to maintain momentum, empower your career trajectory, and enhance your financial wellbeing.
Reflect and celebrate: Take a moment to acknowledge your achievements over the past year. Celebrate the milestones, big or small, that contributed to your growth and success. Look at your personal goals, money matters, and progress at work. This process boosts confidence and reinforces your capabilities to move ahead.
Assess your work results: Evaluate where you stand in your career journey. Review your performance, professional development, and the goals you set for yourself. Did you achieve your objectives? What are your areas for improvement and growth? This self-reflection will help you create a clear roadmap for the next 12 months. As you contribute more at work, you boost your lifetime earning potential.
Set new goals: Based on your self-reflection, establish fresh, challenging goals for the upcoming year. Ensure they are specific, measurable, attainable, relevant, and time-bound (SMART goals). Avoid taking on too many goals. Set just one or two actions for each key area such as – work, family, fitness, and finances.
Invest in you: Continuous learning is vital for advancing your career. Are there opportunities for higher duties at work? How about course-based learning opportunities? Check out a TAFE course, or short course at a University. These learning opportunities will give you new perspectives, additional experience, and make you more valuable as an employee. You may also want to check out conferences and networking opportunities.
Optimise your personal finances: Your personal financial wellbeing is intertwined with your professional success. Take time to review your financial situation, including budgeting, savings, investments, and expenses. Lock in new healthier financial habits that will strengthen your financial foundations.
Build a financial buffer zone: Life happens, and unexpected challenges can arise at any time, so it’s crucial to have a backup plan. If you’re ready to make a leap in your career, the last thing you want is to feel trapped by your financial situation. Start with creating an emergency fund that covers 1 months’ worth of essential living expenses. Then extend this to 3-4 months’ worth over time. A safety net provides peace of mind, flexibility, and confidence.
Work-life balance: Maintaining a healthy work-life balance is essential for sustainable career success. Prioritise self-care activities, such as exercise, hobbies, and spending quality time with loved ones. Set boundaries between work and personal life to avoid burnout and ensure you bring your best self to both domains.
As we start the new financial year remember success is not a destination, but an ongoing process delivered by the right combo of habits and behaviours. Enhance your regular habits and actions to move the dial on your work and financial progress. The next level is already waiting for you.
Would you like help to take greater control of your financial future? Let’s talk soon.
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