3 Ways Selling Your Structured Settlement Can Help You Keep Your New Year’s Resolutions

Have you managed to stick to your New Year’s resolutions for 2020? If so, you’re doing better than most Americans – according to studies, most of us have given up by January 12 and only 8% of us ever actually achieve goals set for the new year.

Most of us have made a New Year’s resolution we didn’t stick to; think about the last resolution you gave up on – what was stopping you from achieving your goal? Perhaps your resolution was just too hard to achieve (e.g. to make more money), or maybe you lacked the financial resources to really go the extra mile (e.g. to get a bachelor’s degree). Whatever the reason, this year can be different. This year, consider selling your structured settlement to help you achieve (and stick to!) your life goals.

Keep reading to discover the three reasons why selling your structured settlement could be the thing to make your new year notable, remarkable, and life-changing.

1. Set Realistic Goals That Will Propel Your Life Forward

Everyone wants to be in shape and/or rich—they’re certainly worthwhile goals. But these common resolutions are pretty difficult to make happen.

Why not set achievable goals that will have a much greater impact on your life in the long term?

For instance, if financial stability is an issue, consider setting a resolution to own your own home this year.You can sell your structured settlement and use the cash you receive as a down payment.

Homeownership may not make you instantly rich, but it can certainly help improve your financial situation over the long-term if your house goes up in value. A direct, measurable goal like that is much more likely to be achieved than a vague resolution such as “make more money”.

Think about the resolution, “buy a reliable car.” With new, reliable transportation, you can look for employment beyond the bus route and find something that could not only make you more money, but also make you happier. The newfound income and confidence that would come with such a change would be immeasurable.

2. Remove Barriers by Selling Your Structured Settlement

Sometimes following through on resolutions isn’t the problem – it’s having the funds to actually achieve goals.

For instance, losing weight is one of the most popular New Year’s resolutions; however, healthy food costs a lot more than junk food and gym memberships can cost hundreds per year. Another popular resolution is to get a better job or make more money – goals that are difficult to reach without furthering your training or education– a cost not many can afford.

If you’re receiving payments from a structured settlement, you can sell those payments for a lump sum and use that cash to overcome the barriers that are stopping you from achieving your goals.

Funds from selling your structured settlement can be used in many ways to help advance your life resolutions. For instance, you can use the money from selling your structured settlement to pay off debt or medical bills, leaving you with more disposable income to invest in your health and fitness. You could also buy a reliable vehicle, which may allow you to find better employment with more pay and better business opportunities. The funds could also be used to further your training or education or help you to transition into a new career entirely.

structured_settlement_back to school

3. Selling Your Structured Settlement Helps You Create a Plan and Stick to It

Failing to plan is planning to fail.

This saying may be cliché, but that doesn’t make it any less true. One of the main reasons people don’t follow through on their resolutions is that they don’t have a plan in place. It’s great to set goals for being a better person or doing better at work, but without a day-to-day plan for how you will achieve those goals, you’ll soon fall back into your old habits and abandon your resolutions once again.

Selling your structured settlement is different. You can’t simply sell your structured settlement on a whim without a solid plan for how the money will be used to better your life.

When you sell your structured settlement, a judge must approve the reason for selling to ensure that the transaction is in your best interest. In no uncertain terms, you’ll need to have a plan in place for how the funds will be spent.

Taking the time to put together a plan for your money may seem like an inconvenience, but it’s the best way to ensure you’re able to achieve your goals and won’t end up worse off in the long term.

Perhaps your goal for this year is to go back to school. It’s a great resolution, but without a solid plan it’s highly likely that December will roll around and you’ll realize you’ve done nothing to advance this goal. When planning to sell your structured settlement, you will most likely research programs of interest to you, potential salaries after graduation, admission deadlines, etc. Figuring out the program you want to take, when tuition is due, and how long you will be in school is necessary in deciding how much of your structured settlement you will need to sell in order to accomplish your goal.

Look Forward to Next Year by Selling Your Structured Settlement

Don’t let another year pass you by! Instead of heading into next year disappointed that you didn’t accomplish what you set out to, sell your structured settlement and be proud of all that you’ve accomplished.

Ready to sell your structured settlement? RSL Funding can help! We guarantee the biggest cash payout for your structured settlement or we’ll pay you $1,000* – you can’t lose! Contact RSL Funding today to find out how selling your structured settlement can help you achieve your goals and make this year your best yet.