Are You Financially Ready For The New Year?

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 18 December 2016

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yep, it’s time of the year again for New Years Resolutions to kick-in and for many of us, that means getting your finances in order. Are you financially ready for the new year? As we slowly approach the new year, it’s a great time to financially prepared for what’s to come. Whether you want to save for a home, get a new job or start a side hustle, you need to financially prepare you and your family. Today the guys review their last year in business and finance and talk about how they are going to prepare for next year. A Financial Yearly Review Even though 2016 has come and gone, it is still important to reflection and review of the past year. Start by giving yourself a high five and think about all the things you did accomplish. What areas did you improve and what goals did you achieve? Now that you reached those goals, are there any things you need to do in the next year to maintain those goals? Next is the not so fun part. Look at what got pushed to the wayside bur don’t beat yourself up for going off track. Move into the new year with a renewed commitment. If your stay focused on what you want you will make progress going forward. Set Goals For Next Year It’s always a good time to write your goals down on paper. Once you know where you’re going, you can map out how you are going to get there. This holds true for any area of your life. Every year Andrew and I write down our resolutions on a post it and keep it in our wallets all year. It’s a good reminder of what you want to achieve and make sure you are on track. What do you want to happen in the coming year? Think about what do you want to happen in the coming year. Is there anything big you need to save for – a move, a baby, a home, a car? Is there anything missing in your financial plans such as retirement savings or life insurance? Setting financial goals for your future self (and family) will help lower stress and set your finances back on track. Planning it Out Although the new year is a perfect time to set financial goals, the challenge is sticking to them as the year goes on. It’s easy to write stuff down on a piece of paper but you need to plan out how you will you reach these goals. Carve out time for yourself and or partner to review your goals and financial progress regularly. Monthly check in’s will help you manage your budget and goals. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:58.0	Hiwa HIWA is that sounds that a beer it is a beer it is a Porter beer from the Maui gruinko.
1:07.0	I saw that on Instagram maybe you did to somebody send you that yes my good friend Arlin from Hawaii who what Hawaii.
1:20.0	You even friend Hawaii jealous I do know. Did you see Milana by the way no it was pretty good I saw it a couple days ago.
1:30.0	What is it about you wait you don't are you like kidding me right now no and I don't know if you're a little embarrassed.
1:40.0	Do you not go watch Disney movies in the theater no I didn't even know that was a Disney movie I wasn't sure if it was a movie.
1:48.0	Okay did you go see Frozen no but I pretty sure I know all the songs by heart you go see Zootopia no that one was my favorite actually probably like in the last several years Zootopia's been my favorite.
2:02.0	I mean I made a Disney movie but Milana is the heartwarming tale of a brave adventurous girl from a island around about Hawaii or that area or something like that.
2:14.0	And she asked go on a journey to find this big dude who's a demigod and it's cool.
2:19.0	Is this really what's his name is Maui yeah it's good movie.
2:25.0	So if you were if you were Rod and tomatoes what percentage would you give it.
2:32.0	Personally I would probably give it like a 90 to 95 ish like I saw a lot of the reviews were saying this is one of the best Disney movies in years if not the best in like the female lead princess genre ever.
2:49.0	I'm not sure if I liked it more than frozen I would maybe put them equal but I like to zoo to be a more how does it compare to so in the female lead princess genre how does it compare to the little mermaid.
3:03.0	I got to be honest I haven't seen the full little mermaid in so long oh my god I'm sorry I've seen it so I've never felt wider right now.
3:13.0	I've seen it it's just been a long time since I've seen it so I mean I like both of them I would probably say that I liked more than little mermaid and my absolute favorite Disney movie and favorite especially for like the princess issued lead whatever you want to call it is Milan so easily my favorite one still.
3:34.0	I did enjoy it it was good so how do I get on the tangent again oh yeah Hawaiian beer that's right here is good for tangents and you know what I'm okay with tangents because it's basically the end of the year I don't know when this episode is going live but we're recording it 10 days to Christmas and we're going to go over how to get your finances.
4:02.0	I guess we're going to do a review so we're going to do yeah review our finances we're going to talk about how we plan on getting them ready for the new year basically talk about goals see we did this year and maybe give some suggestions for how anybody listening can do the same but how to review your finances in your progress over this past year and how to prepare for your goals the future.
4:25.0	It's almost good and I mean this was your idea so I know I can't even take credit for it was actually loads I guess is became more complicated this year I know that because you're yeah yeah properties.
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