It is that time of season when you will begin to ponder your new year's resolution. Will it be exercise? Will it be a new diet? Or will it have something to do with improving your family finances (which coincidentally is right behind diet and exercise). Making resolutions (or goals) can be a very arduous process because it often makes you face some of your own realities whether you like it or not. Here are five of my smart money moves as you approach 2015.
- Shop Every Bill In Your Household- Shop all of your bills and ask for a deal from your existing companies. Specifically, ask for the company retention department. The new year is when a business want to secure their revenue for the entire year. Call your cable, mobile phone, utility, and landscaping companies, and ask them for a new deal. You'll bring money back into your wallet immediately.
- Secure The Domain Name For "Your Name"- Unfortunately, many individuals never go out and secure the domain name for their own name. This could actually hurt your career at some point if the domain name falls into the wrong hands or someone decides to play a prank on you. This will be harder to accomplish with a more commonplace name, but a very good idea to check into this if you haven't done it already.
- Save A Third Of Your Raise- Ted's Rule of 1/3rds to get wealthy. Pay raises, bonuses, etc. 1/3 to taxes, 1/3 to fun, and 1/3 must be saved. This prevents LIFESTYLE INFLATION.
- Get A Game Plan In Place To Increase Your Top Line Revenue By 20%- This could range from getting an additional degree to blowing out your numbers at work during the year. Perhaps you even decide to start a side business. You will always need to manage expenses, but it is important you also focus on driving top line revenue.
- Get Your Frequent Flyer Points In Order- I've noticed that most people end up with somewhere between 4 to 6 different types of point programs whether it is airline, hotel, or credit card points. See how you can use these points as a form of cash for trips or buying something you need for your house. I know you might be saving them up for a rainy day, but points do lose value over time and sometimes outright expire.
2015 Will be here in just a few days, so you get your financial resolutions ready to go! It only takes 21 days to create a habit! Good luck!
Written by: Ted Jenkin
Request a FREE consultation: www.oxygenfinancial.net
If you would like to receive more information on making smart money moves for your future, be sure to contact us today!
