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Money Guy Show

9 Things You Need to Do Before 2023 Ends!

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Business, Investing

4.73.1K Ratings

🗓️ 6 October 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

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 2023. Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Nine things to do before you close out, 2023.

0:09.8

Brent, I am excited about this because we love a little bit of good planning.

0:15.0

They can have big effects in the future and there's no better time to think about,

0:19.3

okay, here we are, we're winding up, we're coming close to the end of the year.

0:22.8

Are there things and decisions that I could be making that come tax time next year,

0:28.3

January of next year, I've set myself up well to move into the future.

0:32.8

Well, I find it interesting that most people wait until New Year's resolution time to make all

0:37.6

their goals and plans, but the reality is, is if you can attack the year end, you actually get

0:44.0

much more immediate benefits. Think about this, you might actually get lots of tax savings

0:48.4

that when you file your taxes in April, you'll be pleasantly surprised. Also,

0:52.4

everything that you do here in the fourth quarter could accelerate how much more money you have

0:57.2

going towards retirement and getting your army of dollar bills to catch traction.

1:01.6

Now, for those of you that are brand new to the money guy show, maybe you've not hung out with us,

1:05.3

we have this little thing that we like to talk about a lot called the financial order of operations.

1:10.3

It is a nine step tried and true way to walk through how to figure out what to do with your

1:16.6

next dollar. If you want the free deliverable, you can go check it out at moneyguide.com slash resources.

1:21.3

But as we're thinking through some things and ideas you ought to be noodling on as we move towards

1:27.2

the end of the year, we thought, man, wouldn't it be interesting if we use the financial order of

1:31.6

operations kind of as our metric, as our rubric to walk through. Okay, what are the things that I'd

1:37.6

be thinking about? How do I make sure that nothing slips through the cracks? Well, it makes sense because

1:41.5

there's a better way to do money. And this is, in a lot of ways, the financial order of operations

1:45.9

is your instruction manual on how to do money better. So I want to jump right in because

...

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