Self-made Millionaire: Three ways to improve your Financial Situation Right now so you don’t have to wait Until New Year’s Day to do so


As we gear up for the new year, many Gen Zs and millennials are setting financial goals for themselves. Fidelity’s study reveals that over 75% of these groups are aiming to save more, spend less, and reduce debt in 2024. Ramit Sethi, the self-made millionaire featured in Netflix’s “How to Get Rich,” suggests three steps to achieve financial success.

Firstly, he advises conducting an end-of-the-year check-in to assess your financial decisions over the past year. This reflection helps identify what strategies were effective and what changes are needed for the upcoming year. For those aiming to save more, evaluating spending categories can guide the redirection of funds towards savings.

Sethi emphasizes the creation of a “conscious spending plan” instead of a detailed budget. This plan focuses on four key areas: fixed costs, savings, investments, and guilt-free spending. By prioritizing these categories, individuals ensure that their financial goals are addressed before discretionary spending.

Lastly, Sethi encourages defining your “rich life” – a concept not solely tied to income but encompassing your ideal lifestyle. Specific goals, such as stress-free grocery shopping, contribute to a richer life. By setting concrete milestones and aligning financial plans with personal aspirations, individuals can stay motivated and on track throughout the year.

In essence, Sethi emphasizes the power of taking charge of one’s behavior irrespective of a calendar date, promoting proactive financial habits beyond the traditional New Year’s resolutions.

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