The Best in Wealth One-Word Challenge, Ep #160

Forget about New Year’s resolutions. 87% of people make New Year’s resolutions, but by the end of January, 50% have already failed. By summer, most people forget about their goals. You end up feeling like a failure when you do not reach your goals. That is why I do not think we should set ANY goals for 2021. You heard me right—zero goals for 2021. Why? I think you should focus on one word instead. In this episode of Best in Wealth, I will talk about a concept shared in the book—The One Word That Will Change Your Life. I will walk you through how to come up with your one word for 2021.

Outline of This Episode

• [1:11] Just keep digging, digging, digging
• [4:02] The one-word challenge for 2021
• [10:23] How to come up with your one word
• [13:57] What do you do once you have your word?
• [17:50] My one word for 2021

The proven way to create clarity, power, passion, and life change

The one-word challenge is a proven way to create clarity, power, passion, and life change. We need to embrace our word and live our word, right? I believe it will have a powerful impact in 2021 on the 6 dimensions in your life: spiritual, physical, emotional, relational, mental and financial. When I read the book, I thought it sounded a lot like the cornerstones that I talk about in this podcast. The goal is to find this one word that will have an impact on all of your cornerstones.

How to come up with your one word

The first step is to prepare your heart and commit to the investment that you will make to this word. Secondly, unplug! Spend time alone praying, meditating and thinking about the word. Ask yourself these questions:

• What do I need?
• What’s in my way right now?
• What needs to go in my life?

If you are a spiritual person, talk to God—then listen. Think about who and where you are today—and who and where you want to be at the end of 2021. What do you need to do to get from here to there? What word will help bridge the gap?

You can write down some goals, do a brain dump, create a mind map—just get everything out. Then create a list of words that describe what you need to do to meet your goals. What will help you be a better person in 2021?

Take your favorite words and mull them over for a few days. Choose the word that speaks to you. Choose the word that you can say over and over in your head and still feel inspired by. I get it, it sounds fluffy. Do not overthink it. If you spend just a little time on it, your word will hit you in the face, just as mine hit me.

What do you do once you have your word?

Live out your word. How? Write it down in prominent places. Create a screensaver with your word. Craft a sign and hang it somewhere. Keep a journal. Talk about it with other people. Create a weekly challenge. Find a song that relates to it. Write a poem or prayer about your word. The more you think about it, the more you will take 2021 to the next level. Is that not what we all want?

All of your big plans, goals and promises are narrowed down to this one word. How can you live out your word in 2021? What word sums up who you want to be? What word can you focus on all year long? Think of the great things that could happen. This one word could shape who you are forever. It will become the compass that directs your decisions and guides your steps.

My one word

You will have to listen to the episode to hear my “One Word”

Resources Mentioned

• The Big Basement Video on the DIY Network
• BOOK: The One Word That Will Change Your Life

Connect With Scott Wellens

• Schedule a discovery call with Scott
• Send a message to Scott
• Visit Fortress Planning Group
• Connect with Scott on LinkedIn
• Follow Scott on Twitter
• Fortress Planning Group on Facebook

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Podcast Disclaimer:

The Best In Wealth Podcast is hosted by Scott Wellens. Scott Wellens is the principal at Fortress Planning Group. Fortress Planning Group is a registered investment advisory firm regulated by the Securities Act of Wisconsin in accordance and compliance with securities laws and regulations. Fortress Planning Group does not render or offer to render personalized investment or tax advice through the Best In Wealth Podcast. The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.

About the author, Scott Wellens

Scott Wellens, CFP® is an investment advisor and founder of Fortress Planning Group. After earning his Bachelor of Science degree from the University of Wisconsin-Oshkosh, Scott quickly ascended to become a Vice President of North American Sales at a major regional provider of telecommunications infrastructure. While financially successful in this role, Scott searched for ways to pursue his passion related to financial literacy and providing financial freedom for both his own family and others. During his search, Scott became curious about the significant gap he found in the financial services sector: he was unable to find a comprehensive financial planner that maintained a family stewardship lens without being attached to financial products. Scott decided to fill that gap by creating his own planning firm that maintains a strong passion for comprehensive, unbiased wealth planning that is genuinely client-centered.

Scott resides in Menomonee Falls, WI with his family. He is the father of three active and independent daughters who keep him on his toes. Scott is an active community member, serving on the Hamilton Education Foundation Board, serves as a Dave Ramsey Financial Peace facilitator and leads the All Pro Dad’s group at their local elementary school. Scott enjoys spending his free time visiting state parks with his family, reading, and watching the Milwaukee Bucks and the Green Bay Packers win ball games.

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