Today, I’m going to take the opportunity to brag on Amanda’s financial progress. From July 31, 2017 to July 31, 2018, she was able to increase her net worth by 7,307%. I think that’s pretty incredible.
Goals
Can money buy happiness? It depends on what you do with your money.
XY Planning Network published an article this week titled Can Money Buy Happiness? Maybe Says Elizabeth Dunn which made me think of a couple of similar conversations that I had this week. One of those conversations was with a friend who is my age and one was with a gentleman at the gym who I talk to most days of the week and who is about my father’s age.
Is Buying a New Home Built Into Your Long-Term Goals?
One of the most important aspects of the job of a financial planner is to help people manage their emotions and stick to their long-term goals.
Telling Friends “No”
One of the hardest parts about being intentional with your money and trying to be financially wise is having to tell others “no”.
Track Your Net Worth
We only have a couple more days left in March (2018 is already ¼ of the way over). My favorite way to track my progress towards my financial goals is by updating my net worth statement on the last day of each month, which is something that, Jared Defore, taught me to do.
Personal Finance Isn’t a To Do List
We all procrastinate sometimes – doing laundry, taking out the trash, going to the gym, handling personal finances.
Break Down Goals Into Smaller Goals
I think it’s important to identify realistic financial goals and break them down into smaller goals to help ensure that you’ll accomplish what you’d like and that you will be able to adequately pay for them.
What do you know about your debt?
Do you know how much debt you have and when it will be paid off?
Keeping up with the Joneses
Remember the commercial where the guy talks about how great his life is with his nice 4-bedroom house, his new car, and his country club membership?