80. 5 financial steps to take to powerfully wrap up the year and prepare for a prosperous new year

Nov 29, 2024

Explore key financial strategies to wrap up the year and prepare for a prosperous new beginning. Learn how to review your finances and set intentional spending goals that truly reflect your values. Discover the importance of tax planning and preparing for the upcoming season. Dive into the transformative power of identity shifts to unlock greater abundance. This insightful guide encourages a deeper relationship with money, making year-end planning an empowering and fulfilling experience.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

ADVICE

Year-End Financial Planning

Prioritize financial consciousness before year-end to set yourself up for prosperity.
Five key actions can save money and create a more prosperous new year.

ADVICE

Financial Wrap-Up

Conduct a two-part financial wrap-up: quantitative and qualitative.
Calculate income, expenses, savings, and progress towards goals; assess spending alignment with values.

ADVICE

Tax Planning

Meet with your CPA early in Q4 for a tax return mockup to avoid surprises.
Implement a system to consistently set aside a percentage of business income for taxes.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Are you ready to wrap up the year with intention and step into a more abundant financial reality? In this episode, I’ll walk you through simple, actionable steps to help you feel clear, empowered, and aligned with your money as you prepare for a thriving new year.

In this solo episode of The Plenty Podcast, I’m sharing the five key financial steps I personally use to close out the year with clarity and ease. Together, we’ll explore how to do a financial wrap-up that doesn’t just focus on the numbers but also honors your relationship with money on a deeper level.

I’ll guide you through practical strategies like reviewing your finances, preparing for tax season, making intentional spending decisions, and setting meaningful goals that reflect who you’re becoming. Along the way, I’ll also share insights on how shifting your identity can unlock even greater abundance and alignment.

Let’s make this year-end process a powerful foundation for your thriving future—I can’t wait for you to dive in!

“Ask yourself, who do I need to be in order for this goal to become my reality?” -Kate Northrup

🎤 Let’s Dive into the Good Stuff on Plenty 🎤

(00:00) Introduction to Financial Awareness
(00:42) Year-End Financial Planning
(01:26) Quantitative Financial Wrap Up
(04:28) Qualitative Financial Assessment
(05:06) Tax Planning and CPA Meetings
(07:36) Strategic Spending for Tax Benefits
(15:36) Identity Shifts for Achieving Goals
(16:07) Summary of Year-End Financial Steps
(17:08) Conclusion and Call to Action

As we approach the end of another year, I invite you to embrace a more spacious, abundant way of being. Instead of getting swept up in the seasonal hustle, let’s slow down, savor each moment, and focus on what truly matters.

Imagine setting the stage for a thriving, prosperous 2025 by bringing intention and ease into how you close out this year. By joining the Relaxed Money Wait List, you’ll get a head start on this transformation. While the next live cohort opens in Spring 2025, signing up now unlocks exclusive end-of-year gifts, bonuses, and hand-selected treats just for early members.

This is your opportunity to welcome abundance and peace into your financial life. Join me on this journey toward a more relaxed, prosperous relationship with money. Visit relaxedmoney.com/plenty to add your name to the waitlist and begin experiencing the magic of a relaxed approach to money today.