The Next Big Idea Daily
"The Great Money Reset: Change Your Work, Change Your Wealth, Change Your Life" by Jill Schlesinger
Apr 15, 2024
Jill Schlesinger, CBS News analyst and author, shares tips on aligning financial goals with personal aspirations. She delves into the steps for conducting a financial reset, emphasizing the importance of diversification and long-term planning. Schlesinger discusses embracing change, financial resilience, and proactive planning for a more fulfilling and secure future.
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Quick takeaways
- Assess current financial standing by evaluating assets and liabilities for a successful financial reset.
- Diversify investments and maintain discipline to secure future financial stability during life transitions.
Deep dives
Understanding Your Financial Situation for a Money Reset
To make significant financial changes, one must first assess their current financial standing by evaluating assets and liabilities. It is crucial to identify liquid assets that can be easily converted into cash during transitions or unexpected expenses. Taking a detailed look at spending habits is vital, leading to mindfulness in consumption choices, which may pave the way for financial adjustments. Understanding emotional ties to spending and asking pertinent questions can help individuals curb impulsive purchases and guide them towards a financial reset.
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