254.Financial Planning for the New Year with Greg and Deb

Financial planning for the New Year is top of mind for many. With the noticeable surge in the cost of daily essentials it is necessary to review spending habits and budgets and the start of a new year is a good opportunity to do so. Make sure you get the free downloads in the article How to Survive Inflationary Times. (link below)

Here are some principles to consider:

First: Determine your existing budget and ascertain the debt increment for each month. With this knowledge you can strategically curtail spending and reduce credit card debt, ultimately aligning spending with income.

Second: Identify and curtail legacy spending, particularly focusing on long-term subscriptions and insurances. This especially applies to business SAS subscriptions, which can easily pile up.

Third: Assess eating and drinking habits. Many are spending significantly on consumables like coffee and dining out. This not only impacts budgets but also health issues with obesity levels at an all-time high.

Fourth: Honest communication is important. Living accurately and making mindful spending decisions cannot be overstated. Financial trouble often arises from excessive spending on houses, cars, and dining out. Evaluate carefully the borrowing for assets that appreciate versus those that depreciate in value.

Fifth: For encouragement, disciplined spending over five years can significantly improve financial stability and lead to surplus income in the future. See article here: https://goalsforyourlife.com/how-to-survive-inflation

Most Recent Episodes

May 6, 2024

274.Celebrating Moms with Deborah Johnson

In this podcast about celebrating moms, I re-read a letter I wrote to my dear mother in 2019, some years ago before she graduated to her heavenly home some months later. As I read it again, it...

Listen · 16:50

May 2, 2024

273.Zone of Genius with Kimberly Spencer

What would it be like to be the queen of your own life? When thinking of a queen, we may think of someone high on a throne, above all her subjects. But a true queen (kings too!) understands her...

Listen · 46:38

April 29, 2024

272.Benefits of Stretching and Strength Training with Greg and Deb

As our bodies gradually grow older, it becomes increasingly important to prioritize activities that promote flexibility, mobility, and overall well-being. In this podcast Greg & I together will...

Listen · 27:20

Load More Episodes

Deborah Johnson Podcaster

Up for multiple GRAMMY Awards and spending over 20 years in the entertainment industry, Deborah Johnson, M.A., built multiple self-driven businesses. While many discuss career transitions and achieving success in a second act, few offer comprehensive guidance on leveraging automated content with core values and purpose. She is an expert on how to constantly reinvent yourself in a gig-economy, working mainly with those at mid-career and halftime of life. A creative powerhouse, she has released multiple books, albums, published hundreds of songs, has a thriving podcast and has written three musicals. Deborah speaks and performs for both live and virtual events.