Are You Better or Worse off Financially in 2020?

Are You Better or Worse off Financially In 2020?


One of the fun parts of being a financial planner is getting to
field and answer questions from clients and readers all around
the country. In these Work Your Wealth episodes I’ll be taking
time to address and answer questions I’ve come across from
readers and clients throughout my career. Today I’m answering the
above question.


HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:


Why the end of the year is my favorite time of year for
clients

Questions I consistently receive as the year is closing out

A way to gauge if you are better or worse off financially
this year

First step in measuring your financial progress

The measurement to use when evaluating your financial health

How to calculate your net worth

A good way to evaluate your debt situation for the year

The check you should be doing on your debt every January

Why you should review your spending throughout the year

How your savings goals play into your financial health

Different savings vehicles you can utilize to grow your net
worth

A few things you should consider when talking about your
retirement savings

The role a change in income can play in figuring out if
you’re financially better off this year

How “lifestyle creep” could potentially hurt your financial
health

Why employer benefits must be evaluated each year



LINKS WE MENTIONED ON THE SHOW


Abacus Wealth Partners

Mary Beth



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