What motivates you most in life? According to a recent poll over half (56%) of adults say improving their financial situation is their prime motivator, including reducing debt and increasing their disposable income1. Interestingly of those making money-related new year’s resolutions, 67% gave up by 1 April and 80% by the end of April!
Amongst the poll of 2,000 adults, the main blockers to being successful in achieving these financial goals were specified as being unrealistic when setting the goals (16%), laziness (10%), a lack of motivation (8%) and too many distractions, cited by 7% of respondents.
It is hard to keep motivated when you’re tackling things alone, it can be easy to lose focus and dedication to goals and long-term objectives.
Adopting the mindset of an Olympian to achieve your financial goals
The research was conducted in conjunction with Team GB, to give people a motivational boost this summer ahead of the Paris Olympics. Six-time Olympic champion, Sir Chris Hoy commented, “As a professional athlete, I know first-hand the significant role motivation plays in achieving your goals. During my training for each of the Olympic Games, my coach’s words of encouragement and the unwavering support… were a huge part of my motivation… so whatever your goals are, you have the motivation to strive for the finish line.”
If you need help getting back on track with your financial goals and objectives, you don’t need to go it alone – we can help.
1NatWest, 2024
It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.