Bob O'Brien
Head Instructor
bobrien@mywealth.com
Happy New Year from MyWealth.com!!! 2008 was a difficult year for most people, but 2009 is a brand new year and although things will probably still be rough, you can ease your pain by knowing your financial future will be different. Building wealth and financial security is a lot easier than you think and all you need is a little more education and direction.
Here are some resolutions that we recommend you tackle for 2009:
1, Tighten up your budget. I have been a financial planner for 14 years and I still re-evaluate my budget every year to make it better. If you don’t have a budget, start one. We go through this in great detail in our Financial Planning course. Keep in mind that a budget is simply a plan to get you where you want to go in life, not necessarily a restrictive plan.
2. Take inventory. Your net worth is a scorecard on how well you are doing financially. This has never been so critical. Anyone can add things up when things are going well, but if you are serious about your financial future, you will do it after a year like 2008.
3. Be honest about your financial situation. Most people are a mess right now. So be honest with yourself and look to establish hobbies that are inexpensive like cooking, walks in the park and reading.
4. Set realistic goals. Setting the right kind of goals that are attainable and yet stretches you, is a must. Then you will be able to build upon that goal after it is attained.
5. Get an investment strategy. Sounds real simple, but few people have a definable one. A lot of people never save because they just don’t believe they can make their money grow through investing. It’s a lot easier than you think, and we offer an investment course where we help people to develop their game plan.
6. Get a retirement plan together. This is not hard at all, and there are a lot of places on the internet where you can run the numbers yourself. Are you funding you retirement properly? Do you have an age in mind where it financially reasonable to retire? No one can work for ever. We go through this in great detail in our Financial Planning course.
7. Make certain you are properly insured. If 2008 taught us anything, it taught us that bad things can really happen! Make certain that you have adequate life, disability and health insurance.
8. Understand your taxes better. Taxes, for many people, are the single greatest expense of their life. So having a general understanding of the system will assure you that you are not overpaying but rather taking advantage of strategies, credits and deductions properly. Let us teach you how.
9. Get Educated! This is probably the most important resolution of all. Sign up for a course or two, and our free blog while you’re at it. After all the financial blunders we have seen in 2008, you can’t afford to just have blind faith in others. Knowledge is power and understanding your finances is the key to taking control of your future.
What does all this mean?
This is a pretty big list, but it is just a small sample of some of the things that you need to stay on top of! Make certain you tackle at least three of these resolutions in 2009 and build from there. Remember, it takes time to master your finances. The sooner you get started, the easier it will be.
What should I do now?
I hope some of my points have made a lot sense to you and that I’ve inspired you to learn more. No one will care more about your money and financial future than you! This is why we created www.mywealth.com in order to empower, educate and give you the tools to be in charge of your financial future. You can’t beat a $25 investment like this (that also comes with a risk-free money back guarantee)!
I look forward to personally answering your questions in the course. Finally, I want to wish you a happy and prosperous New Year!
Bob O’Brien
Sr. Instructor
