With less than two months before the start of the new year and a new decade, reviewing where you are financially and where you want to be over the next couple of years is important.
I am not talking about New Year’s resolutions; I feel like people rarely accomplish the goals they have set before the New Year. Still, I believe it’s important to set goals and review the past year. At the end of each year, I typically review the year and I ask myself three questions:
This review helps me to also take an honest look at my financial groundwork. Whether it’s my investments, savings or reaching my goals for growing my business. Am I making strides to improve my financial foundation?
I encourage you to do this. Think about your successes and which have ones have been beneficial – especially for something as important as your money, and don’t wait until January to do this – the next month is going to bring chaos with the holidays, take some time to do this over the next few weeks.
For me, with over 25 years in the financial services industry I have learned a lot about helping people save and invest their money, protecting their loved ones and reaching their goals financially by sharing my knowledge.
I encourage you to create a realistic plan that will work for you – use these steps to make 2020 better than in 2019.
Reviewing these expenses can be eye-opening and can help you maybe find some savings.
Get in the habit of tracking expenses on a regular basis. If it’s too overwhelming to do it monthly, schedule it in your calendar every quarter on a specific day. Tracking your expenses gives you control of your money.
We all have goals for the future. Perhaps yours is to retire early or to travel out of the country. But while our goals often depend on money, few of us know exactly how much we’ll need or how much we have to save each month to get there. I hope I have inspired you to take on 2020 with a new financial plan.
Bryan Spencer, the Co-Founder of Secure Investors Group, has a long-established financial career in researching the financial services industry, finding partnership opportunities that create exceptional value for business owners and their consumers.
All written consent on this site is for information purposes only. Opinions expressed herein are solely those of Secure Investors Group and our editorial staff. Material presented is to be from reliable sources; however, advisory services are offered by Secure Asset Management, L.L.C., a Registered Investment Advisor.
Insurance services offered through Secure Investors Group. Advisory services offered through Secure Asset Management, L.L.C. Tax services offered through Secure Tax Services, L.L.C. Mortgage services offered through Secure Mortgage Funding, L.L.C. The aforementioned companies do not offer legal advice or services.