Finance & Fury Podcast

[Financial] New Year's Resolutions: how to get ahead in your finances and be in a better position this time next year

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Sinopsis

Welcome to Finance and Fury   Welcome to the New Financial year – looking back on the year, are you in a better or worse financial position than you were this time last year? Today’s episode we’ll be looking at how to be in a better financial position this time next year.   Ways to get ahead in your finances The compounding effects of the little changes in behaviour and things you do everyday   What does a “better position” actually look like? In general terms – there are categories we can look at Build wealth – start investing Reduce tax Save money Increase income – Salary, investments Hard to generalise with these broad goals: That is where having predefined, specific goals comes in   What are your goals? “New Year’s Resolutions” Not many people stick to new year goals – Why? There can be too many. Normally people think this is good, to have a lot of goals But if these are similar to last year and you didn’t make it, why might that be? Hard to go from 0 to 100 overnight – Inertia – something contin