3 New Year's Resolutions

So the new year is here.

You’ve probably thought about New Year's resolutions right. Did you know that according to Forbes Magazine, that more than 50% of people don’t keep their New Year’s resolutions?

Why do you think that is? And what can you do to be able to keep your resolutions and make this new year your best year ever?

Here’s the thing, most people fail to keep their resolutions because they set too big of expectations so I’ve come up with 3 simple financial New Years resolutions that anybody can keep to help become a 401k Superhero to their future self.

And I want to share them with you.

But first, let me asking you a question.

The question is, how do you as a 401k or 403b participant become a 401k superhero to your future self?

That is the question, and these videos will give you the answers. Hey, I’m Jonathon Schultheiss and welcome to the Becoming a 401k superhero videos.

So if the key to keeping resolutions is to keep it small and simple, what if you set a goal to make just a 1% improvement? Should be pretty easy to keep right?

My tip number one is to increase your 401k contribution by JUST 1%.

Doing this could make a major impact over a 15 or 20 year period. And if you could do this every year, it would be huge!

My simple tip number two is to make just one extra mortgage payment a year.

Most people don’t know this but if you made just one extra payment a year, you could cut 8 to 10 years off the life of your 30 year mortgage.

And since we’re keeping it simple, you simply take your regular monthly payment, divide it by 12 and then add that back to your regular payment.

By the end of the year, you will have made one extra payment and if your mortgage is set up on auto pay, this would be ever simpler.

My simple tip number 3 is to automate your savings goal.

What do I mean by this? Let me give you an example. This is January and you’d like to take your family on a nice vacation in July.

What do most people do, they wait until July, break out the credit card and then spend the next 6 months paying it off at 15 to 24% interest.

This is what you do instead, you set up a savings account at your bank, you have $50 or $100 or whatever you can afford, go into that account every month. Now, in July you have money to put towards that vacation.

Or maybe you pay for the whole thing. Either way, that’s less you have to put on you credit card.

You see, when you keep your financial resolutions small and you can stick to them, its an easy way to become a 401k Superhero to your future self.

If you’d like to have more financial tips, download a free copy of my book Focused, The Financial Freedom Formula today.