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Money Guy Show

How To Actually Win Financially In 2024! (Ignore Everything Else)

Jan 29, 2024
Learn how to assess your financial situation, the importance of emergency funds, the differences between buying a car and a house, considering the role of a financial advisor, and understanding index target retirement funds and risk allocation.
25:37

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Quick takeaways

  • Assess your current financial situation by creating a net worth statement to track your progress.
  • Seek guidance from a financial advisor when transitioning from target index funds to custom portfolios for personalized investment strategies and comprehensive financial planning.

Deep dives

Start the Year with a Net Worth Statement

To set yourself up for financial success in the new year, begin by assessing your current financial situation. Create a net worth statement that lists all your assets and liabilities, showing your starting point. Even if you're just starting out with a checking account and some debt, it's important to document this information. As you make progress and learn more about personal finance, you'll be able to look back and see how far you've come.

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