Bloom Financial

2020 Financial Goals

We are almost through January.  Can you believe it?!? Time sure does move by fast.  2020 is here and I'm really excited for my business and personal goals that I have set to achieve by helping others "Retire As You Desire."  By working and helping others, it motivates me to keep that positive momentum moving forward.  

There is a personal goal that I am currently working on that I wanted to share with you.  In 2020, I want to pay attention to all of the money I spend.  Yes, every single penny.  You're probably thinking... how are you going to keep track of every penny that you spend?  Who has time for that?  Well, it is all about keeping track.  Paying attention to what I do, every single day, my habits and the impact they have of the bottom line of my business and personal life.

I'm a big fan of going to coffee shops.  Intelligentsia is my favorite place to go to here in Chicago.  They have fantastic coffee and great pastries.  Yes, I have a sweet tooth, too!  Going to a coffee shop helps me when I am in my creative modes.  Whether it is writing my books, blog posts or creating new ideas for my business, it is often done in this setting.  At the coffee shop. 

Being aware of my spending at coffee shops is important to me.  It helps me create a budget and a time slot each week to be productive and creative.  That is my thinking time for the week.  This year I will know what this time costs me because I will be keeping track of the pennies.  All of them.

In order to be better with your money, you need to pay attention.  If you set financial goals for 2020, they may have already gone to the wayside.  Here is what I am doing in 2020 to help me reach my financial goals:

writing down every penny spent

Yes, you are reading that correctly.  I am keeping a paper notepad with me and writing down everything that I spend money on.  EVERYTHING!

I'm also writing a new book about this topic.  Your spending habits are usually your biggest issue in getting ahead financially.  Consistency is the other issue.  Being consistent with your spending is so critically important.  Are you buying items you don't need or are you buying assets that can help your personal balance sheet and create more wealth for you and your family.

I'd like you to take one week.  Yes, only one week, and go on this journey with me.  WRITE DOWN every single thing that you spend money on.  Just for one week.  I'm not asking you to do this for a full year or the rest of your life, but just one week. 

When next Wednesday comes around, I want you to send me an email at bill@bloomfinancial.us and let me know how your process went.  What surprised you?  What did you realize from this exercise?  Where is all of your money going?

I'm excited to hear from you!

#retireasyoudesire

#bloomfinancial

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Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck