This show is for 20-somethings who want to expedite their journey to financial independence. Have you ever asked yourself, “If money wasn’t an issue, what would I do with my life?” If not, think about it because you’ll need an answer sooner than you think, but my guess is, you have. You’ve thought about an alternative career path, starting your own business, or spending more time developing your hobbies but the major factor holding you back is money. I want to solve that problem for you. On the show, we’ll answer questions like: *What are the best investment strategies for early retirement? *How much money do I need to retire early? *How do I negotiate a higher salary or raise at my current job? *What are some profitable side hustle ideas I can start today? *What are the best strategies for budgeting and managing my money? *What frugal life hacks can make everyday purchases more affordable? *How can I withdraw funds from retirement accounts penalty-free before the traditional retirement age? *What are some long-term strategies for building wealth and financial security?
https://www.podpage.com/the-struggle-is-real-with-justin-peters/
episode 129: 4 Realistic New Year’s Resolutions that Will Set You Up for Financial Success in 2024 (and beyond) | E129
I’ve noticed that New Year’s resolutions have been taking some heat lately. I get it, it is totally illogical that a single predetermined day is chosen for everyone to start a major life change and by February, most of us have given up on our grand changes and retreated back to our normal lives.
But there is something about a fresh calendar year that gives me hope and naturally makes me prioritize the changes that I’ve been putting off. I think with intentionality and some realistic level setting, New Year’s resolutions don’t have to be something you feel guilty about by February.
But what do I mean when I say intentional and realistic level setting? Have you heard the quote, “Most people overestimate what they can do in a year and underestimate what they can do in a decade?”
Well, that summarizes why New Year’s resolutions get their bad rep. We set unrealistic expectations - to completely reinvent our career path, pay off 6-figures in student loans, or to go from super spender to super saver. These goals are just impractical - at least in a short timeline such as a year.
Here is the thing - you don’t need to solve all of your money problems in one year. You just need to point the sail in the right direction. So what would be more practical New Year's resolutions related to money?
Well, that’s what we are going to talk about today. Here are 4 realistic financial goals that if accomplished in 2024 will set you up for a decade of success.
Key Takeaways:
- How to accomplish your 2024 New Years’ resolutions
- 4 realistic money goals you can set for yourself
- How to create a simple budget to manage your spending
- A simple side hustle that you can start this weekend
- How to save up for your first emergency fund
- The power of compound interest
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