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Morning Brew Daily

2025 Investing, Renting vs Buying, $$$ Planning with ‘Money with Katie’

Jan 1, 2025
Get ready to strategize your finances for 2025! Discover expert tips on whether to rent or buy in today’s housing market. Delve into the FIRE movement and learn how remote work influences your savings. Explore ways to align your financial dreams with reality while tackling societal factors like the gender pay gap. Plus, equip yourself with essential tools like the Money with Katie Wealth Planner to enhance your financial literacy and power up your planning for the new year!
39:31

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Quick takeaways

  • Establishing a holistic vision for desired lifestyle while setting financial goals enables better alignment of spending decisions in 2025.
  • Evaluating the implications of renting versus buying in the current housing market is crucial for informed financial decisions amidst rising costs.

Deep dives

The Importance of Financial Vision

To improve financial health in the new year, individuals should develop a clear vision for how they want money to serve in their lives. Instead of merely planning a budget, it's essential to dream about the better life circumstances money could facilitate. For instance, someone might desire regular professional hair care, which, upon financial assessment, could be more attainable than first imagined. By establishing a holistic vision for their desired lifestyle, individuals can then align their financial goals and spending decisions accordingly.

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