So let’s be honest. For someone who works at an investment firm, I’m way behind on my own finances.
I am an expert in ETFs—how they work, what makes them different, and how to use them—but work has been getting in the way of working on my own finances. I’m like the doctor who needs to go to the doctor, or the chef who’s eating frozen food. And it has to stop.
I live in one of the most expensive cities in the country, and am embarking on a phase in my life when I really need to think about the future. How am I going to buy a house? How am I going to send my kids to college? Will I ever retire? I get anxiety just thinking about it.
One of the best ways to hold yourself accountable to a goal is to have other people know about your goal. So here we are: I’m going to tell you my goal.
I need to get it together, people!
Over the next few months, I’m going to keep you posted on my financial journey. It’s going to be a long and winding road, but it’s going to involve several key steps:
- Getting organized. It feels like I have a million statements, tax documents, and financial tidbits tucked into obscure corners of our home. The madness must stop. I need to know what to keep, what to throw away and how to keep it all organized.
- Assessing my options when it comes to debt. Approximately 37 million Americans have student loans (holy cow). I’m one of them, and I need to figure out my options.
- Creating an investment plan that’s designed for me. I need to take a close, hard look at our investment accounts, and practice what I preach. I need to make sure that my investments match where I need to go.
- Spending less. How do you do this? No, seriously. I’d like to know.
- Planning for big life events ahead. For me, this includes buying a home and having kids who will eventually (I hope) go to college. (Queue nervous jolt to my stomach.)
It seems like a long list. But it needs to happen, and I need you to hold me to it.
Stay tuned for my first installment, and wish me luck….