My END of the Year Money Moves (Time To Wrap Things Up)

So 2021 is almost over, so I thought it would be great idea to sit with you guys and talk about the end of the year money moves. And there are a few steps that I haven’t taking that I know are important. So I said why not make a video about it and make everyone that watches it accountable and also feel guilty if they don’t it.

So lets get these done before the end of the year so we don’t have to worry about my new year goals or the new year new me, but you still haven’t done what you set out to do last year.

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Chapters:
0:00 Intro
3:03 Review The Damage
5:42 Short Term & Long Term Goals
14:05 Don’t Forget To Upgrade Your Skills
16:56 Outro

1. Review the Damage so far ( pull your credit card statement and Bank statement: look at what you made, what you spent and what you have left)
– This is going to be slap in the face for a lot of us, because day by day $20 bucks doesn’t seem like a lot
– But when you add everything up, that’s when things get kind of crazy
– If you see that you made $30k so far this year but all you have to show for it $237, that’s embarrassing

After that my Tip:
– Answer these questions:
– Are you happy with how you spent your money no BS excuses yes or no and why ?
– What could have you don’t differently?
– And how does it make you feel? I know this is a soft questions but its real questions.

2. Set up some short- and long-term goals (and revisit old strategies)
– People don’t say often enough
– But your short term options are going to be the ones that determine your long term results
– Its like if all you do is live in the moment you’ll pay for that in long term

So Here are three Main Places you want to Establish Some short term Goals in:
– Savings: You should only Save for Three things life ( Emerngecies, Sinking Fund, and Big expenses ) and you shouldn’t be worried about inflation
– Investing: the actions are short term but the results are long term and last a last a lifetime. I always recommend people invest 10-20% of their income towards retirement. ( so do me a favor go open up a Roth Ira at M1 Fianance, Fidelity or whatever you want to use )
– Paying off debt: Pay off your deb, I owe 21k in student loan debt, and I have never used my degree how crazy is that. The lessons is study for something you really are going to use. ( pay this off first ) – do me a favor and write down all your debt and their interest rates, and use the avalanche method to pay them off)

So quick little plan:
– Save $500-1000 bucks
– Pay off your debts
– Save emergencies
– Start investing and saving for those big things

3. Don’t Forget to Upgrade Your Skills
– Im going to be taking a course on stock analysis, reading books on it and studying it to increase my income ( but that’s what want to do )

But for real:
– If you’ve been in your job with the same salary for the pass 2-4 years
– You gotta upgrade your skills, ask for a raise and keep hustling .

Bonus Things I need to get done:
– Health insurance
– Life insurance
– Selling all the things I don’t need

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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