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🗓️ 1 November 2024
⏱️ 31 minutes
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It is never too early to start thinking about financial decisions you may need to make before the end of the year! Here are our top things you need to do before the end of 2024.
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Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.
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0:00.0 | Nine things to do before we close out. |
0:03.2 | 2024. |
0:10.0 | Brian, I am so excited about this because we know just how powerful, a little bit of planning can do. |
0:17.0 | And there are some significant decisions that you can make right here at the end of |
0:21.7 | the year that can have large impacts, not just this year, but well into your financial future. |
0:27.1 | But, Bo, I think there's actually, before we get into all these tips, tricks, and things |
0:30.9 | that they should do, everyone should subscribe to the money guys. |
0:34.8 | Oh, that is one thing you should do right now before another moment passes, because we love knowing that you are out there so that we can continue creating |
0:41.6 | content just for you. All right, Brian, you want to talk about some things that should happen |
0:46.9 | before the year. And as a tax guy, I got to believe that this is like near and dear and true to |
0:51.9 | your heart. Well, look, we've evolved because we used to do this year-end show, and let me go ahead and give you the Cliff Notes version. |
1:00.1 | We'd say defer income, if you can, accelerate your deductions, because all of it was the purpose of minimizing the taxes to be paid. |
1:07.9 | But we realize a lot of this stuff needs to be mindset stuff because we go through |
1:12.5 | that we close out years, we hit New Year's resolutions, people need something bigger that |
1:17.3 | actually brings you into focus what's going on with your financial life. And once again, |
1:23.0 | we land on the foundation of all good financial decision making with the financial order of operations. |
1:29.2 | That's exactly right. So as we walk through some of these steps, we're going to talk about |
1:32.8 | how it falls into the food. So even as we dive into the very first one, we think about the things |
1:37.9 | you want to do before year end, the very first thing we think you should do before you begin thinking |
1:43.0 | about building wealth and growing |
1:45.3 | and moving towards the future is you want to make sure that you have your risk covered. |
1:49.2 | So have you yet this year counted your cash? |
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