MM019: 15 Personal Finance Resolutions for the New Year

15 Personal Finance Resolutions for the New Year

We come into January energized and refreshed to conquer the world. We set ambitious resolutions so we can better ourselves and achieve our goals. And then, almost as quickly as we made the resolutions, our resolve falters and we give up on our New Year’s Resolutions. But, WHY do we have a hard time sticking to our resolutions? HOW can we set ourselves up to accomplish our resolutions? And WHAT are some attainable personal finance goals that we can strive for this year? That, and more, in this episode!

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MM018: The Importance of Reflecting at Year’s End

The Importance of Reflecting at Year’s End

This time of year, specifically during the week between Christmas and New Year’s, I always like to take a beat to reflect on the previous year and do some heavy planning for the upcoming year. It’s usually pretty quiet at work and at home (with the exception of school kids running around the house), but my headspace is usually pretty clear. So, I wanted to talk through some of my own reflections in the hope that they might inspire your self-reflections as well.

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MM017: How We Cut the Cord Without Losing Our Sanity

How We Cut the Cord Without Losing Our Sanity

Almost exactly a year ago, we cut the cord and ditched our cable. Along the way, we learned a few things that might be helpful to you as you consider cutting the cord. The fact is, nobody needs a 200-channel cable package; you’re just paying for extra channels that you’re never going to watch. So, why not streamline your budget and only pay for the TV that you actually watch. Come join the groundswell of cord cutters that are challenging the status quo and getting the same series, sports and movies they were used to, but for only a fraction of what they were paying to the cable company. This episode talks about how to do it.

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MM014: The Simple Math of Calculating Inflation in Retirement

The Simple Math of Calculating Inflation in Retirement | The Modest Millions Show

Figuring out how to calculate how inflation affects your retirement savings is made out to be a super-complicated process, requiring advanced math skills. What’s frustrating is that calculating how your retirement savings is impacted by inflation isn’t all that difficult. In today’s episode, we talk about the simple math of calculating inflation in retirement. 

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MM013: The Power of Small Dollars for Personal Finance

The Power of Small Dollars for Personal Finance | The Modest Millions Show

There’s this misperception out there that you need to have a bunch of money socked away before you can invest in either a retirement account or taxable account. Some of this advice comes from popular pundits who promote a debt-free-first lifestyle, some of it comes from the legacy model of investment advisors that only work with clients with a minimum threshold of investable funds. The fact is, the sooner you start investing, no matter how small that number is, the more exponential the growth of your nest egg. The math is crazy!

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MM012: Price is What You Pay Value is What You Get

Price is What You Pay Value is What You Get | The Modest Millions Show

As a proud budgeteer, I’ll be the first to admit that I say “no” more often than I say “yes” when it comes to budget decisions. But sometimes, you need (or want) to flex your budget to make room for various purchases. So, how do you figure out the best option? It’s easy to look at the bottom line and make a decision from there, but it’s more important to make a decision based on what’s the best value, rather than the best price.

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MM010: Setting SMART Personal Finance Goals

Setting SMART Personal Finance Goals | The Modest Millions Show

That which is measured improves. Easier said than done when you’re trying to figure out your personal finance goals for the next 30 years. So how do you keep you personal finance goals on track? It all starts with SMART goal setting. In this episode we’ll work through the foundations of setting big and small SMART personal finance goals so you can stay on track to reach your modest millions.

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MM009: Being Happy with “Having Enough”

Being Happy with "Having Enough" | The Modest Millions Show

Society encourages us to work hard so we can keep working our way up the corporate ladder so we can ultimately find success at the top. Along the way, we’ll see our income increase and almost inevitably so will our lifestyle. But, as we’re chasing happiness and always looking for more, what happens when we realize that happiness might have been at our heels the entire time. It’s time to put our personal and financial goals ahead of what society tells us our goals should be.

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