ENCORE: 10 Financial Moves to Make in 2019
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 18 March 2019
⏱️ 14 minutes
🧾️ Download transcript
Summary
Learn my top 10 money strategies to advance your income and net worth in 2019.
In summary, here are my 10 Financial Moves for 2019:
1. Review your asset allocation
-Rebalance, diversify, adjust as you age, don't use target date funds
2. Contribute more to your 401k and 403b, and IRA's
-Contribution limits increased $500 this year.
3. Reduce high interest rate debt (hopefully you are already debt free), but if not pay off your highest interest rate debt first and then your highest utilized amount of debt (debt to total credit ratio).
-I do not recommend paying off mortgage debt because it is only 3% or 4% debt and the opportunity cost of what you could earn with that money is much higher.
4. Dollar cost average into the stock market.
5. Don't get too overweight in real estate because it is very late in the cycle.
6. Think over large purchases that can cost you tens of thousands of dollars, like new cars, other vehicles/boats, electronics, high ticket designer shoes/handbags, and moving homes too often.
7. Update wills and beneficiaries on retirement plans and insurance policies, especially if you've had a major life event like marriage, divorce, new baby, illness, or death.
8. Consider starting a side hustle for extra income.
9. Look into new cycles such as Cannabis stocks, artificial intelligence (AI), Infrastructure, Defense stocks, the younger (FANG stock replacement) tech companies. Should you consider the two big IPO's next year?
10. Keep following the "6 Steps to Wealth" and check out my Wealth Heiress book. Men and women are loving it!
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THE CONTEST IS BACK ON!
You have a great chance to win 25 prizes in March! It's easy to enter. Just leave a podcast or book review.
A podcast review = your name entered in the drawing 5 times.
A book review on Amazon purchased on Amazon (says "verified purchase" review), your name entered 7 times.
A podcast + book review = your name entered in the drawing 10 times.
Prizes are:
- 11 Sets of Wealthy Mindset Blueprint audios (value $197 ea.)
- 11 Wealth Heiress books, personalized by Linda.
- 3 winners will have a 1/2 hour wealth mentoring session with Linda (value $500).
Drawing will occur March 31, 2019 and will be announced on the following podcast.
Leave a review on Amazon here.
Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!"
Available on Amazon.
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I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible!
Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to a special episode. I'm calling it the Holiday Sizzle Contest Results episode. |
| 0:06.4 | But first, I want to wish you happy new year! |
| 0:09.8 | I'm so excited for 2019. This is going to be an amazing year because I think there's unlimited |
| 0:16.4 | potential for wealth building and the internet makes it so easy and less expensive |
| 0:21.7 | than ever before to generate wealth. |
| 0:24.0 | So I encourage you to include some kind of online business |
| 0:29.0 | in your potential side hustle if you haven't already. And I mentioned the side |
| 0:35.5 | hustle in my 10 Financial Moves to Make in 2019 podcast. So if you haven't |
| 0:40.1 | listened to that one yet, go back and listen to that because I do suggest a side |
| 0:45.2 | hustle, particularly an internet side hustle if you can. There's lots of different ways to do that, |
| 0:51.4 | but it's an easy easy inexpensive way to generate more income for yourself and I think everybody should |
| 0:58.4 | think about what they could do as a potential side hustle. |
| 1:02.1 | But this is a special episode where I give the results of the contest |
| 1:06.2 | that we've been having, but before I do, I want to say a big thank you to everybody who left a |
| 1:11.9 | podcast review or an Amazon review about the book or both. |
| 1:17.0 | I've learned so much from reading your reviews. |
| 1:20.0 | It's amazing how you're using Be Wealthy and Smart to Pay Down debt, to save more, to invest better, |
| 1:27.6 | get a wealthier mindset, increase your net worth, and even retire early. |
| 1:32.4 | And I'm hearing people say things in common about the podcast like the men are saying |
| 1:37.5 | they're playing it in the car with their wife and for the first time their wife is |
| 1:41.5 | loving a financial podcast and the women are saying |
| 1:45.1 | they love the podcast and they're playing it for their family and their friends |
... |
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