prioiritizing financial success in 2018

Prioritize Financial Success in 2018: Concluding Thoughts on 12 Days of Personal Finance

Erik Basics, Financial Education, Thoughts of a Mastermind 8 Comments

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prioiritizing financial success in 2018

It’s the night after Christmas, and I’ve just finished filling my stomach for the past two days with amazing cookies, meats, and snacks while also enjoying the company with my wonderful family. I purposely didn’t write my recap post for the 12 days of personal finance until after Christmas because I wanted time to reflect on my personal experience, but also the writing the 12 posts in 3 weeks.

Reflecting on the 12 Days of Personal Finance

Starting December 6th, I posted 13 times. Each of these posts totaled at least 1,000 words, and at the end of the series, I had written over 22,000 words. Writing so many words and on so many different topics within personal finance definitely pushed my limits. Many of the days I had a posted written a few days in advance, but for 1 or 2 of them, there was a late night, or very early morning needed to live up to my promise of 12 posts in 12 days.

The Posts of the 12 Days of Personal Finance

22,000+ words is a lot of words. I’m still in awe of my work looking back.

Each post had a defined and different subject in personal finance. I wasn’t looking to talk about the inner workings of budgeting, tax advantaged accounts, or how to achieve this goal or that goal.

For me, first, I wanted to convey that personal finance is personal. Figure out what is important to you, what your goals are, and start from there. After this, you can start asking yourself and others the right questions to get to your goal.

Once your goals have been defined, then it’s time to track your income and expenses. Finally, we ought to keep learning and growing as a person – if a situation is comfortable, then it’s time to push a little harder. Financial success is a goal worth striving for. I hope that this series can give you a good start, or at the very least, help you along on your path to that success.

Here are all of the posts if you missed them:

  1. Introducing: The 12 Days of Personal Finance – Giving the Gift of Personal Finance
  2. #1 Rule of Personal Finance: Personal Finance is Personal
  3. 2 Easy Steps to Take for Financial Success
  4. Managing the Big 3 Expenses to Win with Your Finances
  5. 4 Metrics to Track for Personal Finance Success
  6. 5 Personal Finance Podcasts to Listen to for Motivation and Inspiration in 2018
  7. 6 Personal Finance Tools for Tracking Your Finances Accurately and Effectively
  8. 7 Steps to Financial Freedom
  9. 8 Silly, Cheery, and Amazing Personal Finance Videos for the Holidays
  10. 9 Ways to Save Thousands of Dollars Every Year
  11. 100 Personal Finance Blogs to Read in 2018
  12. 11 Side Hustles to Make Extra Money in 2018
  13. 12 Personal Finance Books to Read to Further Your Financial Education

Why Financial Success is Something Worth Striving Towards

I’m incredibly lucky. I was born into a great family with healthy grandparents and parents, and have 4 amazing sisters. From a young age, I was taught about budgeting and saving. My parents influenced me to understand I needed to work for my success and wealth, and nothing would be given to me for free.

Sitting around the kitchen table playing cribbage and eating some delicious homemade Christmas cookies, I got to thinking. Why was this such a care-free and fun atmosphere?

I said I was lucky, but this hasn’t come without hard work. I was able to give my family members and girlfriend some great gifts and like I said, it was a pretty care-free and stress-free environment. Personally, I’m in a solid financial situation. And I’m lucky enough to say that my family members have great financial footing as well – which makes the holidays worry-free and a lot of fun.

Prioritizing Financial Success in 2018

financial freedomEvery single person in my family over the age of 18 is in a solid place financially. Both sets of my grandparents are retired, living in low expense areas with paid off houses, and live below their means. They don’t have to worry about money because they’ve worked hard to manage their income, expenses, and investments over the years and now have plenty of runway for years to come.

My parents are doing well as well, even after having a set of kids, and are set up for an amazing retirement once my youngest sister is off to college.

My girlfriend is doing amazing in life with a rental property, no consumer debt, and a very solid investment base in the stock market.

Finally, my oldest sister is even doing well – debt free and is investing through work in her 401k.

Every adult could enjoy the moment – no one was worrying about the upcoming car or house payment, or if they could make it until next paycheck.

Financial Success is No Accident

The best time to plant a tree was 20 years ago. The second best time is now.

No one is an overnight success. I can attest to that in many aspects of my life – I’m not perfect, and I will never claim to be perfect.

But, I started on my journey to financial success nearly 5 years ago in 2013. I started tracking my income and expenses, and figured out a strategy that matched my goals of financial freedom.

In 2013, I had a net worth of 0. In 2014, I had a negative net worth with a student loan of $15,000. In 2015, I started to climb out of the hole, and now, at the start of 2018, I’m over $125,000 and growing each and every month.

I started taking baby steps each and every day, learned a little bit each day, and eventually became quite knowledgeable in the field of personal finance.

Now, I don’t have to worry about my mortgage payment, I don’t have to worry about my credit card bill, and I can sleep well at night knowing I’m building wealth responsibly for the future.

Start Preparing for Financial Success in 2018 Today

It’s the last week of 2017 and almost 2018. Right now, I’m going through my 2017 financial statements to understand where I can improve, and what I need to do to stay on track for my goals in the future.

Starting today, I want you to start preparing for financial success in 2018. First, what are your goals in 2018. Next, start taking action on those goals. Be proactive! Start before 2018, so when 2018 hits, you won’t be running around like a chicken with it’s head cut off with so much to do!

I’ve loved writing this 12 days of personal finance series. I wrote it for you, and am very glad I was able to give you the gift of personal finance with these posts:

  1. Introducing: The 12 Days of Personal Finance – Giving the Gift of Personal Finance
  2. #1 Rule of Personal Finance: Personal Finance is Personal
  3. 2 Easy Steps to Take for Financial Success
  4. Managing the Big 3 Expenses to Win with Your Finances
  5. 4 Metrics to Track for Personal Finance Success
  6. 5 Personal Finance Podcasts to Listen to for Motivation and Inspiration in 2018
  7. 6 Personal Finance Tools for Tracking Your Finances Accurately and Effectively
  8. 7 Steps to Financial Freedom
  9. 8 Silly, Cheery, and Amazing Personal Finance Videos for the Holidays
  10. 9 Ways to Save Thousands of Dollars Every Year
  11. 100 Personal Finance Blogs to Read in 2018
  12. 11 Side Hustles to Make Extra Money in 2018
  13. 12 Personal Finance Books to Read to Further Your Financial Education

Receive the Gift of Personal Finance

As promised, I will be sending out an eBook which will contain all 12 of the posts above, plus the intro and the conclusion to my email list as a thank you for being a loyal subscriber and reader.

I thank my contributors for taking part in the 12 days of personal finance and look forward to seeing where you end up in the future based on your great answers you provided.

Finally, I’m looking forward to seeing where 2018 takes us. 2017 was a wild year, and I’m guessing 2018 will be just as crazy. Hopefully things will calm down in the future, but I’m guessing we are only getting started with the fun. Having a strong financial base will be key as I go through life, and I’m looking forward to hitting my goals in the coming years.

Thank you for reading the 12 days of personal finance. Happy holidays and Merry Christmas to all!

And that’s that for the 12 days of personal finance! Thanks for reading. If you’d like to get a copy of the free 12 Days of Personal Finance eBook, put in your email below and I’ll send it to your inbox so you can receive the gift of personal finance! 🙂

Erik

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Comments 8

  1. Happy holidays to you as well. This is a great and super-creative way to recap so many PF thoughts and ideas! I’m glad your family has achieved so much financial success (makes the Christmas cookies that much more delicious) and all the best everyone in 2018.

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