Making New Year’s Resolutions
The word resolve comes from the Latin verb solvere which means to loosen or to dissolve. In modern terms, we’ve stretched this definition to mean taking on a big or tough project and little by little “dissolving” it. Resolve also has a second meaning: to make clear and unambiguous, to bring to conclusion. Here the emphasis is on focusing in on the exact outcome you want. Taking both meanings together, you can craft some pretty potent resolutions.
Let’s say you want to get organized. Focus in on exactly what you mean by get organized. Maybe it’s to dig out of a complex, disorganized physical mess. Maybe you want to develop regular, long-term habits and routines that keep you on top of things. Or perhaps your resolution is to become a better time manager. Focus first; then dissolve it, break it down: Square foot by square foot, habit by habit and daily plan by daily plan.
Realize that many resolutions require behavioral changes over time. Such changes always work best when you get some help. Find a supportive, non-judgmental family member or friend to help you with your resolve, or consider hiring a professional organizer or an organizing coach at www.napo.net.
Resolving to Get Rid of Your Stuff
High on the list of New Year’s resolutions is getting rid of excess stuff. For many disorganized people, this is not as easy as it sounds. Some people lack information about the many options available for getting rid of stuff. Others just can’t seem to get the logistics to line up including finding the time, applying the effort, or preparing stuff to go. Most, I think, get stuck on the decision-making process itself.
I developed a set of Get Rid of Your Stuff flashcards. Because they are colorful, graphic and tactile (as well as informative) the flashcards give disorganized folks a simple tool for making what I call “de-acquisition” decisions. “The flashcards helped me learn all the different ways to get rid of stuff,” my client said. “Donations, eBay, CraigsList, consignments, yard sales, giving things away for free to family or strangers – the list goes on and on.”
Professional organizers use them out in the field to help sort stuff, improve decision making, discuss de-acquisition options, and plan the logistics. But the flashcards are designed for anybody who wants to reduce clutter. They make excellent gifts and can be ordered at www.squallpress.net.
Resolving to Plan Your Digital Estate
Recently, I addressed the American Association of Daily Money Managers (AADMM). My AADMM colleagues report that estate planning is high up on their clients’ resolution lists. I’m not a money manager, accountant, tax or financial professional of any kind, so it’s not my role to give you specific advice about your estate. But I would like to tell you a story by way of introducing you to digital estate planning.
My client Maxine died suddenly. I was helping organize her digital and tangible documents. Maxine’s executor notified the banks and other financial institutions of her death. But there were passwords and user codes and security questions to answer to access Maxine’s accounts that took weeks of hard work to untangle. And just when the family thought the estate was well on its way being settled, digital assets emerged. There was a web-only checking account Maxine had in the cloud with no paper trail and a PayPal account without any hardcopy statements.
We all have tangible and digital assets and information. I read about a guy who owned a “digital sword” he purchased for $17,000 to play high-stakes, international video games and legally it was considered an estate asset. I’d like to suggest in 2015, that you:
- Create a password-protected document (like an Excel spreadsheet) of your login information so your executor and family can settle your account with less fuss and muss. In addition to your online accounts, consider “invisible” (web-only) accounts like Emigrant Direct and Voya and other places money might stowed, like PayPal accounts.
- Next, inventory your digital assets and list how to gain access to them. Include the aforementioned accounts plus Bitcoins, royalties you may have coming in from the sale of eBooks on Kindle and Nook, seller’s accounts you might have with eBay, digital swords – you’d be surprised how many assets you have when you sit down and think about it. Even your domain name might have value to your estate. Find out at sedo.com.
- Consider the Excel spreadsheet or other document you create a part of your final documents. Lock it down with a password, disclosed only to your executor, of at least 15 mixed characters and numbers. Keep a hardcopy with your Will. Download it to a flash drive and hand it to your executor. Keep a copy for yourself on a flash drive and consider not having a copy on your hard drive at all. Some folks also like to store a copy in the cloud at www.legacylocker or www.finaldeparture.com.