Life Kit Start a financial self-care routine
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Apr 2, 2024 Explore the idea of financial self-care routines, comparing them to daily health practices. Discover how to define success by aligning financial goals with personal aspirations for true security and freedom. Learn to set clear financial goals, manage debt, and prepare for taxes. Understand the emotional relationship with money and how to foster a healthy mindset. Finally, integrate financial wellness into your daily life with practical strategies and affirmations for ongoing growth.
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Values-Based Financial Goals
- Define your life goals before financial ones.
- Ask yourself what would make the next few years wildly successful, without mentioning money.
Maximize Savings Interest
- Secure a competitive interest rate on your savings.
- Check if your bank offers 4-5% interest, ensuring FDIC or NCUA insurance.
Investment Check-Up
- Annually review investment returns, compare them to the S&P 500.
- Rebalance your portfolio if underperforming; prioritize low expense ratios (under 0.5%).