These are the top 12 Financial Goals to achieve in the year 2020 and beyond. Learn how to budget, invest, and track your money
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These are the top 12 finance goals for your money in 2020. When it comes to personal finance, these are goals that are great to keep in mind when saving for retirement, budgeting, being debt free, saving money, paying off debt, investing, and beyond.
When it comes to money, these are the essentials of financial minimalism and success. If you follow these money saving tips like I did, you’ll be able to manage finances in a way that will build your wealth and net worth really fast. I was able to save $100,000 and when invested, that money has grown close to $200,000 in just 5 short years using the dividend investing strategy. Let’s set some goals, and make it happen! Here are the top 12 goals to setting ourselves up to create more passive income and become financially free.
1. Pay off at LEAST one credit card, more if you can.
2. Start keeping track of your money and expenses. You can use an app like Personal Capital, or Mint, which tracks your expenses, budget, income, and your credit score.
3. Make a budget by limiting the amount you can spend per category, this way, you don’t go over budget. There are two ways of accomplishing this described in the video.
4. Try to go 100% cash for one month and see what happens. Cash is a finite resource, in contrast to credit cards which are harder to conceptualize a limit.
5. Donate $100 to charity. It doesn’t have to be money, it can be used clothing, or anything else that you no longer use.
6. Start an IRA, this can be a Roth IRA or a Traditional IRA. If you already have one, the goal will be to max it out. If you’ve done that too, convince one other friend to do the same
7. Learn self control when shopping using the simple money trick shown in the video
8. Set your bills on autopay
9. Start a sidehustle or earn $1000 from your side business
10. Learn to cook 3 frugal meals that cost between $1-$2 each
11. Start investing in the stock market. Open up a brokerage account like Robinhood, WeBull, or M1 Finance, fund your account $100 and start as early as possible
12. Save 50% of your income. You most likely have to earn between $40k-$50k salary to be able to do this, and live well below your means. It’s possible, and that’s exactly what I did. Enjoy!
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What’s your number 1 money goal in 2020?
Looking back the one most important goal should have been buy the dip in March 2020
I started saving 50% of my salary watching your videos. Valuable videos indeed. Love from India.
@andrei Jikh: Will you be making one for 2021?
Andrei, my new favourite YouTuber!
I'm coming back to this video because I followed this to the t this year. And I can't believe it. I already managed to save over 50% of my yearly income already and this year isn't even over. Cept for the language learning piece so hit 11/12. All I want to say is thank you
I hope you do a Financial Goals for 2021. This video has help me a lot. I have follow almost all the goals you established and share. I was able to save 50% of my income for around 4. I tried to accomplish them all except that goal of 50% was very though. I got to pay my only credit card so now I'm debt free. Thank you for these video. I hope you do the Financial Goals 2021!
top 12 money goals for 2021??? @Andre Jikh
I am so happy this is real .Expeditetools,com helped with a transfer of $30,000 to my bank account .
Watching this 8 months later. Oh the ambition. If we only knew what was coming. My goal now is to survive
I love your videos and they've helped me with my investments the last 3 months but I gotta say… that moon cheese joke… classic 😂
I make 18-20 a year and i save 13,000 a year
But i am stupid my brother makes the same amount an he sabes 16500 every year
i love how i can just see the 3 credit cards in your sleeve but it still looks so cool
If you don’t learn to invest, you will learn to work all your life. First 2 months into the market and all I can say is I wish I was here earlier, it’s quite exciting
That " go 100% cash" goal did not age well 😂
Coronavirus: I’m about to end this mans entire career
Step 1. Steal underpants
Step 2. ???
Step 3. Profit
Just passing through to click the likes to hype this man to the moon!
2020 lol
How is it humanely possible to make a meal off of a dollar??
Yeah right 2020 has been the worse shittiest year ever.
Just wonderful, I have been researching "reviews freedom finance" for a while now, and I think this has helped. Have you ever come across – Ferapt Freedom Fanboy – (should be on google have a look ) ? Ive heard some unbelievable things about it and my mate got great success with it.
I count myself so successful when it comes to Forex trading with the help of my broker Mr Paul, i continue to make huge profit every 7 days.