8th Wonder of the World: compound interest
5 Financial Proverbs of Life
- live on a written budget
- get out of debt & stay out of debt
- cultivate & maintain quality relationships
- save & invest
- be incredibly generous (givers glow)
3 steps to success
- Finish High School
- Get a job
- Get married before having children
Deadline: December 31st
The following items must e completed by the end of the year to count toward your finances for the current year.
- Make charitable donations.
- Contribute to your 401(k) or other workplace retirement plan.
- Take required minimum distributions on retirement accounts.
- Use flexible spending dollars, if your company does not have a grace period or carryover.
- Sell investments at a loss to offset capital gains taxes on other investments.
Review your expenses
Assess your savings goals
Understand your tax situation
Look at your retirement contributions
Consider your charitable donations
Evaluate your flexible spending dollars
Review your insurance contracts
Prepare for next year
