359: 10 Financial Moves to Make in 2018
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 1 January 2018
⏱️ 16 minutes
🧾️ Download transcript
Summary
Learn 10 Financial Moves to Make in 2018.
Here are some suggestions to improve your finances in 2018:
1. Review & rebalance portfolio
- Make sure you are diversified
2. Consider strategic investments in high growth areas
What can you buy low? Commodities? Uranium? Miners?
3. Reduce debt
Refi or pay off
4. Save and invest more
- Savings accounts have low interest rates, investment accounts offer potential of higher compounding, but have more risk.
5. Think over large purchases
Do you really need a new car?
Do you need to move?
Could you invest instead?
6. Time, Money, Compounding Rate are the 3 things that effect your wealth.
Time = years to retirement
Money = amount to invest
Compounding rate = % you compound money
7. Consider how big picture changed and how it will affect you
New tax law, lower taxes?
Interest rates rising
Cycles are changing
8. Things that didn't change
Your work? Income? Mortgage?
Your goals?
Your retirement age?
9. Start a side hustle for extra income?
- Never easier to start a business
10. Make time to learn about investing.
To get "11 Quick Financial Tips to Boost Your Wealth", go to www.lindapjones.com.
Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 359. |
| 0:02.8 | I'm gonna live no rich life. |
| 0:06.8 | Rich life. |
| 0:07.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.6 | Yeah, I'm full of faith |
| 0:16.0 | I'm gonna live a good life |
| 0:20.0 | I'm gonna live the good life |
| 0:21.0 | and beautiful and financial freedom without budgets, boredom or bosses on |
| 0:31.2 | be wealthy and Smart. |
| 0:33.9 | And now here's your host, Linda P. Jones. |
| 0:37.6 | Welcome to Be Wealthy and Smart. |
| 0:39.0 | I'm Linda P. Jones, America's Wealth Mentor, |
| 0:41.3 | Empowering women and men worldwide to financial freedom. |
| 0:45.0 | On this episode, we're going to talk about 10 financial moves to make in 2018. |
| 0:50.0 | And this is a variation of a very successful podcast that I did last year. |
| 0:54.4 | So some of the points I'm going to cover are similar, some are new. |
| 0:58.3 | And I just thought that this would be a good time for you to review about your finances, you're probably |
| 1:04.7 | making New Year's resolutions and thinking about this on your own anyway. |
| 1:08.9 | So maybe some things here can help nudge you along in the right direction and maybe give you some ideas |
| 1:14.9 | that you hadn't thought of. The first thing you want to do is review and |
| 1:18.8 | rebalance your portfolio. So you want to look at what did you do right during the year and maybe what didn't |
| 1:26.2 | you do so right. You also want to make sure that you're diversified. |
... |
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