New Year's Resolutions: Understanding and Achieving Success

What is the 'fresh start effect' in the context of New Year's resolutions?

• A psychological phenomenon where people feel motivated to start anew on significant dates.

• A method of setting goals that are easy to achieve.

• A strategy to avoid setting resolutions.

• A type of resolution that involves financial goals.

Why do most New Year's resolutions fail according to the video?

• Because people set too many resolutions.

• Due to lack of financial resources.

• Due to the inherent difficulty of changing established behaviors.

• Because resolutions are not written down.

What does the SMART criteria stand for in goal setting?

• Specific, Manageable, Achievable, Relevant, Time-bound

• Strategic, Manageable, Attainable, Realistic, Timely

• Specific, Measurable, Attainable, Realistic, Time-specific

• Simple, Measurable, Achievable, Relevant, Timely

How can breaking down goals into smaller sub-goals help in achieving them?

• It reduces the overall time needed to achieve the goal.

• It makes the goals less intimidating and more manageable.

• It allows for more frequent celebrations.

• It eliminates the need for a timeline.

According to the video, what should you focus on instead of relying solely on motivation?

• Finding a mentor

• Building effective systems

• Setting more ambitious goals

• Increasing financial investment

What role does accountability play in maintaining New Year's resolutions?

• It helps in tracking financial expenses.

• It ensures that you have a backup plan.

• It provides support and encouragement to stay on track.

• It allows for more flexible deadlines.

What is a key benefit of writing out your goals?

• It guarantees success.

• It increases the likelihood of achieving them.

• It allows you to share them on social media.

• It helps in financial planning.

How can you make your environment work for you in achieving your goals?

• By changing it frequently.

• By making it more aesthetically pleasing.

• By organizing it to support good behaviors and hinder bad ones.

• By removing all distractions.

What is the significance of identity in achieving resolutions?

• It ensures financial success.

• It allows for more flexible goal setting.

• It reinforces the behavior associated with the resolution.

• It helps in setting more goals.

What should you do if you experience a setback in your resolution?

• Change your resolution to something easier.

• Acknowledge it and get back on track immediately.

• Give up and try again next year.

• Ignore it and continue as if nothing happened.