Forget New Year’s Resolutions and Conduct a ‘Past Year Review’ Instead

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Im often asked about how I approach New Year’s resolutions. The truth is that I no longer approach them at all, even though I did for decades. Why the change? I have found “past year reviews” (PYR) more informed, valuable, and actionable than half-blindly looking forward with broad resolutions. I did my first PYR after a mentor’s young daughter died of cancer on December 31st, roughly eight years ago, and I’ve done it every year since. It takes 30-60 minutes and looks like this:

  1. Grab a notepad and create two columns: POSITIVE and NEGATIVE.
  2. Go through your calendar from the last year, looking at every week.
  3. For each week, jot down on the pad any people or activities or commitments that triggered peak positive or negative emotions for that month. Put them in their respective columns.
  4. Once you’ve gone through the past year, look at your notepad list and ask, “What 20% of each column produced the most reliable or powerful peaks?”
  5. Based on the answers, take your “positive” leaders and schedule more of them in the new year. Get them on the calendar now! Book things with friends and prepay for activities/events/commitments that you know work. It’s not real until it’s in the calendar. That’s step one. Step two is to take your “negative” leaders, put “NOT-TO-DO LIST” at the top, and put them somewhere you can see them each morning for the first few weeks of 2019. These are the people and things you *know* make you miserable, so don’t put them on your calendar out of obligation, guilt, FOMO, or other nonsense.

That’s it! If you try it, let me know how it goes.

And just remember: it’s not enough to remove the negative. That simply creates a void. Get the positive things on the calendar ASAP, lest they get crowded out by the bullshit and noise that will otherwise fill your days. Good luck and godspeed!

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What I Learned in 2016

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Year in Review

“If you’re having trouble thinking bigger, just think stranger.”

This episode is a review of the past year, as well as a look at how I plan for new years.

I haven’t written New Year’s resolutions for roughly six years. Instead, I do a post-game analysis with a series of exercises and odd questions.  This episode describes that, as well as a few lessons I’ve learned.

All of the links and resources I mention in the audio can be found below.

Thank you for listening, and wishing you and yours all the best in 2017!

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Want to hear another podcast with an end-of-year review?  — Listen to my last podcast of 2015. In this episode, I share 25 of my favorite learnings from 2015: tips, gadgets, and quotes from podcast guests that I’ve incorporated into my own life. (stream below or right-click here to download):

#126: 25 Things I've Learned from Podcast Guests in 2015
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This podcast is brought to you by Four Sigmatic. I reached out to these Finnish entrepreneurs after a very talented acrobat introduced me to one of their products, which blew my mind (in the best way possible). It is mushroom coffee featuring chaga. It tastes like coffee, but there are only 40 milligrams of caffeine, so it has less than half of what you would find in a regular cup of coffee. I do not get any jitters, acid reflux, or any type of stomach burn. It put me on fire for an entire day, and I only had half of the packet.

People are always asking me what I use for cognitive enhancement right now — this is the answer. You can try it right now by going to foursigmatic.com/tim and using the code Tim to get 20 percent off your first order. If you are in the experimental mindset, I do not think you’ll be disappointed.

This podcast is also brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service, led by technologists from places like Apple and world-famous investors. It has exploded in popularity in the last 2 years and now has more than $2.5B under management. In fact, some of my good investor friends in Silicon Valley have millions of their own money in Wealthfront. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it’s all through smarter software instead of retail locations and bloated sales teams.

Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they’ll show you for free exactly the portfolio they’d put you in. If you want to just take their advice and do it yourself, you can. Or, as I would, you can set it and forget it. Well worth a few minutes: wealthfront.com/tim.

QUESTION(S) OF THE DAY: What was your favorite quote or lesson from this episode? Please let me know in the comments.

Scroll below for links and show notes…

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Recommendations and Resolutions for 2016

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(Image from Fanpop)

This episode is ~99% serious recommendations and resolutions for 2016.  But I am joined by tech entrepreneur and investor, Kevin Rose, so it’s at least 1% shenanigans.

[Here is the Stakes resource/PDF I mention in this episode]

The conversation is also a new experiment for The Random ShowO-tanoshimi dane! Stream below, or you can listen in iTunes or right-click (“save as”) here for MP3.  Enjoy…

#129: Recommendations and Resolutions for 2016 - Kevin Rose and Tim Ferriss
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For all previous episodes of The Random Show, including the infamous China Scam episode, click here.

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If anyone would like to add show notes with links in the comments, I’ll choose the best 1-2 early submissions and thank you with a link back to your site.

QUESTION OF THE DAY:  What would you like to hear in future episodes of The Random Show? Please let us know in the comments!

This episode is brought to you by Headspace, the world’s most popular meditation app (more than 4,000,000 users).  It’s used in more than 150 countries, and many of my closest friends swear by it.  Try Headspace’s free Take10 program —  10 minutes of guided meditation a day for 10 days. It’s like a warm bath for your mind. Meditation doesn’t need to be complicated or expensive, and it’s had a huge impact on my life. Try Headspace for free for a few days and see what I mean.

This podcast is also brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service, led by technologists from places like Apple and world-famous investors. It has exploded in popularity in the last 2 years and now has more than $2.5B under management. In fact, some of my good investor friends in Silicon Valley have millions of their own money in Wealthfront. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it’s all through smarter software instead of retail locations and bloated sales teams.

Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they’ll show you—for free–exactly the portfolio they’d put you in. If you want to just take their advice and do it yourself, you can. Or, as I would, you can set it and forget it.  Well worth a few minutes: wealthfront.com/tim.

201 Comments / Leave a comment or question