The Money with Katie Show #10: 3 QUESTIONS YOU SHOULD ASK YOURSELF FOR 2022: Annual Financial (and Life) Planning
Dec 8, 2021
They walk through three big planning prompts for the year ahead: imagining life one year from now, taking stock of current finances, and picking a single guiding word. Topics include visualizing specifics like home and income, calculating net worth and monthly cost of living, aligning budget to priorities, and choosing focus areas to steer decisions and momentum.
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Motivation Is Personal Not One Size Fits All
- People are motivated by different financial visions; some chase FI while others want lifestyle upgrades like a second home.
- Katie shares a Thanksgiving anecdote about a relative who values a Vail second home over early retirement.
From Discover Card Crapshoot To Tracking Net Worth
- Katie recounts her earlier years living paycheck to paycheck using a Discover card for everything and not tracking spending.
- She describes the turning point when she realized that passively paying bills wasn't a viable long-term plan.
Write A One Year Vision To Guide Decisions
- Imagine your life one year from today to create a vivid, actionable vision that motivates choices.
- Katie walks through sensory details (home, partner, job, social life) and warns not to let your inner critic dismiss desires.