The PlayBook

The new year is almost here and now is the time to think about our New Year Resolutions.

Is this the year to Conquer Your Moola? Then check out the Moola Masters' Playbook and get started!

Setting the Stage: Defining Your Financial Destiny

At the core of the 2024 Financial Resolutions Playbook is setting clear financial goals. It's important to think both short-term or long-term for your goals and let them become your "North Star" for all your financial decisions.

Budgeting: Your Key to Conquering your Moola

Creating a financial plan requires taking a detailed look at where you put your money. It is time to decide what is important to you and make sure your dollars are working for you. Moola Masters offers budgeting courses and the Moola Masters App to make it easy. Click Here for more information.

Pro Tip: Find your Mojo Number and make it simple! 

Emergency Fund: Your Financial Safety Net

Life is unpredictable, and financial setbacks just happen. It's important to develop a financial cushion so you can just roll with it and recover quickly. Enter the  emergency fund. Your emergency fund should be at least 3-6 months' worth of income and some financial gurus recommend a year.

Debt Management: Breaking Free from the Debt Cycle

Debt can be a significant roadblock to financial freedom. Evaluate all your outstanding debts and create a plan. This is your year!

Save and Invest: Growing Your Wealth

Decide what percentage of your income you want to put towards your goals and then make it automatic! I'd suggest making automatic deposits into your retirement accounts, emergency savings accounts and your investment accounts. Technology has come a long way and has made it simple to automatically save and invest our moola and grow our wealth. 

Financial Health: Beyond the Basics

Financial Health doesn't stop at budgeting and saving—it also includes insurance, credit score checks, tax planning, and estate planning. Make sure you take a look at each of these elements in your 2024 Playbook and make adjustments if needed. 

Celebrating Success: Milestones as Motivation

Celebrating each financial achievement! Whether you've paid off a significant debt, reached a savings milestone, or achieved a favorable credit score, recognizing these successes provides motivation to keep going in your financial journey.

Are you looking for a more in-depth financial education? Check out our courses at Moola Masters Classes.