• Sharebar

It's that time of year again. Christmas is behind us and 2012 is coming to an end. That means two things:

1 - Time to go out and celebrate another year gone by

2 - Time to put some together some New Year's Resolutions

In my view, there are good and bad ways to handle both matters. Read on to see how I tackle them.

The New Year's Eve Party

New Year's Eve in New York City can honestly feel like more of a burden than a reason to celebrate. When you start to lay out all of your options, you realize that most of them involve spending a lot of money, waiting in long lines, or both.

I've done the bottle service thing in the past, but only out of necessity. My friends and I, young and naive as we were, assumed that buying tickets to the club meant we'd be able to get in with no problem. Not even close. We got to the club a little over an hour before midnight to find a massive line spanning around the block. Rather than wait and risk getting in after the ball dropped (and hypothermia), we threw down some cash for a bottle and got right in. The night was fun, but it's not something I'd ever want to do again.

Since learning that lesson several years back, I've committed myself to only spending New Year's Eve at house parties. Clubs cost too much and bars are way too crowded. I've gone to friends' house parties the last few years and have had a blast and will be doing the same this year.

New Year's Resolutions

They range from silly and inane to serious and profound. One thing is for sure, virtually everyone makes them.

Personally, I try to stay away from typical resolutions, like swearing to go to the gym more or to lose 10 pounds, and try instead to list out a few things I can realistically accomplish in the new year. It doesn't need to include any staggering achievements, because Lord knows they'd be the first to be dropped. I aim for things that are feasible and that I'd ideally be able to use going forward. In many ways, what is most important is that it is feasible, so you can't easily toss it by the way side.

This year, I've made a list of a few things I'd like to accomplish. Chief among them is learning to be a decent cook. While I'm not totally helpless in the kitchen, I might as well be. And, frankly, it's a little embarrassing (though I know I'm not alone amongst guys my age.)

What about you guys? How will you be spending your New Year's Eve? What sort of resolutions are you making? Aiming for a new job? Want to learn a new skill? Something totally different? Leave them in the comments.

Last but not least. Everyone have a safe, happy, and fun New Year's Eve.

The WSO Advantage - Land Your Dream Job

Financial Modeling Training

IB Templates, M&A, LBO, Valuation. Learn More.

Wall St. Interview Secrets Revealed

30,000+ sold & REAL questions. Learn More.

Resume Help from Finance Pros

Land More Interviews. Learn More.

Find Your Mentor

Realistic Mock Interviews. Learn More.

Comments (36)

  • Falcon's picture

    What I have found to be helpful in sticking with new years resolution is to start practicing it before the new years. (ex. end of november/ beginning of december) instead of starting it right when the new year starts.

    This year I just want to spend as much time with my family and friends as I can. I missed out on a lot this year and don't want to do the same next year. As well as stick to my workout schedule, making sure i hit the gym for 3 months straight 3x a week without missing a day without a lackadaisical attitude. in addition to that, hopefully land a summer position by march, that would be pretty nice.

    I usually spend new years with my family and after the ball drops, go out with friends.

  • Asatar's picture

    Gym / fitness has got to be a main one. CFA Level 1 as well.

  • inkybinky's picture

    I resolve to pass CFA Level 2 on my first attempt.

    That involves several subresolutions like a more rigid schedule, intense discipline (since I also work full time while a more than half time MBA student), a rigid gym schedule (at least three times per week studying while doing cardio), less drinking, less sex (which isn't a problem since I'm married), healthier eating (which also shouldn't be a problem because my high maintenance wife is obsessed with Whole Foods), and more sleep.

    In reality, I'll probably just fail it.

  • droking7's picture

    1) Keep chiseling away at my six-pack. I'm surprised it's still noticeable after 3.5 ish years of college.
    2) Get 700+ on GMAT (got Manattan GMAT study guides for Xmas)
    3) Maybe take CFA Level 1 in June. Would have to decide very soon.
    4) Try and not party more than 2x a week. Go to huge party soon, my friends don't exactly take their studies seriously.
    5) Lock down this girl as my "main bitch" who just got back from studying abroad. Had a crush on her forever but have completely blown it like 3 separate times.

  • midtowngal's picture

    Thank you for sharing, OP! I will be at a popular gala venue on 42nd st that night so I expect suffering. My resolution: not to socialize less, not to party less, not to travel less.

    I'm feeling like a star, you can't stop my shine---Ridin' Solo

  • ocpitmaster's picture

    From an old guy; take the time to thank God for all I have, and not just material posessions. My family's healthy, we are financially secure, and I'm comfortable in my work enviorment. I'm never gonna be a CEO/Big Dog on the Street; yet I answer to myself and (knock on wood) consistently beat the market in returns.
    I have all the material goods and toys any sane person could desire; more importantly, a loving and healthy family, many, many good friends, and the ability to sleep soundly thru the night.
    Next year..............more charitable work, more BBQ'ing, and just enjoy life!

  • okay24's picture

    I have been giving this some thought over the last few days and this is what I have (in no particular order):

    1. Read a book for ~30 minutes before bed... although might be difficult given hours
    2. Learn to cook (started already, just want to continue learning)
    3. 700+ on GMAT
    4. Eat healthier, work out consistently (on the list every year, might as well keep the tradition going)

  • The Situation's picture

    I want to elongate enough to "helicopter" by year end.

  • In reply to TNA
    TheKing's picture

    TNA:
    Become more right wing. I've been far too liberal lately.

    Hahaha. You need to be to the right of Herman Cain.

  • In reply to TheKing
    TNA's picture

    TheKing:
    TNA:
    Become more right wing. I've been far too liberal lately.

    Hahaha. You need to be to the right of Herman Cain.

    Herman Cain = Rachel Maddow

  • Oscar_chow's picture

    Take a step back and take life a lot less seriously, I tell myself this every few weeks and yet I find myself just spending hours thinking about my career and the future. The more I muse about the future the more the present seems to be slipping by. This and increase the creative writing.

  • In reply to Oscar_chow
    BTbanker's picture

    Oscar_chow:
    Take a step back and take life a lot less seriously, I tell myself this every few weeks and yet I find myself just spending hours thinking about my career and the future. The more I muse about the future the more the present seems to be slipping by. This and increase the creative writing.

    If you don't want to succeed as much as you want to breathe, you'll have a hell of a time reaching your goals.
  • In reply to BTbanker
    Oscar_chow's picture

    BTbanker:
    Oscar_chow:
    Take a step back and take life a lot less seriously, I tell myself this every few weeks and yet I find myself just spending hours thinking about my career and the future. The more I muse about the future the more the present seems to be slipping by. This and increase the creative writing.

    If you don't want to succeed as much as you want to breathe, you'll have a hell of a time reaching your goals.

    YOU GOT THAT RIGHT SON posted that line on my blog before entering my prior year of uni...proceeded to kick ass by the end of it. But, it is nice to take a breather (lol) once in a while compadre.

  • In reply to inkybinky
    Cruncharoo's picture

    inkybinky:
    less sex

    This is the only thing in the whole thread that I don't understand. What's the problem with sex?

    This to all my hatin' folks seeing me getting guac right now..

  • In reply to Oscar_chow
    BTbanker's picture

    Oscar_chow:
    BTbanker:
    Oscar_chow:
    Take a step back and take life a lot less seriously, I tell myself this every few weeks and yet I find myself just spending hours thinking about my career and the future. The more I muse about the future the more the present seems to be slipping by. This and increase the creative writing.

    If you don't want to succeed as much as you want to breathe, you'll have a hell of a time reaching your goals.

    YOU GOT THAT RIGHT SON posted that line on my blog before entering my prior year of uni...proceeded to kick ass by the end of it. But, it is nice to take a breather (lol) once in a while compadre.


    Yeah buddy. I think Lincoln said it best though.

    "Good things may come to those who wait, but only those things left by those who hustle."

  • In reply to Callus
    The Situation's picture

    I don't know who you are. I don't know what you want. If you are looking for ransom, I can tell you I don't have money. But what I do have are a very particular set of skills; skills I have acquired over a very long career. Skills that make me a nightmare for people like you. If you let my daughter go now, that'll be the end of it. I will not look for you, I will not pursue you. But if you don't, I will look for you, I will find you, and I will kill you.

    Callus:
    good luck
  • In reply to Cruncharoo
    inkybinky's picture

    Cruncharoo:
    inkybinky:
    less sex

    This is the only thing in the whole thread that I don't understand. What's the problem with sex?


    More sex = more thinking about sex = less thinking about cfa = failure = no sex ever again
  • WayToWealth's picture

    TNA, we all support you... A few of us support you.

    I resolve also to score beyond 700 on the GMAT. Also will learn to golf, make new friends that don't suck, and finally dunk a basketball (still on the list).

  • West Coast rainmaker's picture

    Hmm, not sure. I'm happy enough with my fitness routine. I like my job, and appreciate the stability of ER as a lot of HFs are returning capital. That said, I wouldn't turn down a good opportunity.

    Maybe treat my girlfriend better - she manages to be very thoughtful, despite working insane hours in a post-grad arts program. And she is way out of my league appearance-wise.

  • In reply to inkybinky
    OMS's picture

    inkybinky:
    Cruncharoo:
    inkybinky:
    less sex

    This is the only thing in the whole thread that I don't understand. What's the problem with sex?


    More sex = more thinking about sex = less thinking about cfa = failure = no sex ever again

    ? I don't get it. If you have less sex wouldn't you be horny all the time?

  • newfirstyear's picture

    Get a girlfriend. Somehow, this has been much harder than I thought.

  • Patient Skeptic's picture

    Hit the auto qualifier for the 2013 NYC Marathon (1:19 half or 2:45 full).

  • westsidewolf1989's picture

    To unlock this content for free, please login / register below.

    Sign In with Facebook Sign In with Google

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!
  • In reply to Cruncharoo
    SirTradesaLot's picture

    adapt or die:
    What would P.T. Barnum say about you?

    MY BLOG

  • In reply to LBObuyout
    Febreeze's picture