Financial Planning for 2024

The video provides a comprehensive guide to achieving financial goals in 2024. It outlines a five-step checklist, starting with setting a vision for the year, reflecting on past achievements, and aligning financial plans with goals. The video emphasizes the importance of a conscious spending plan, negotiating bills, leveraging credit card perks, and increasing income through salary negotiation or side jobs. It encourages viewers to dream big and create a vision of a rich life, while providing practical tips for managing expenses and investments.

What is the first step in the financial checklist for 2024?

• Reflect on the past year and set a vision

• Create a budget

• Invest in stocks

• Pay off all debts

What is a 'money dial'?

• An area where you love to spend money

• A budgeting tool

• A savings account

• A type of investment

What should you do if your spending does not align with your goals?

• Increase your income

• Adjust your spending plan

• Cut all expenses

• Ignore it

Why is it important to negotiate bills and fees?

• To save money

• To get more credit cards

• To increase your credit score

• To avoid taxes

What is a benefit of using credit card perks?

• Lower credit score

• Cashback and travel points

• Higher interest rates

• Increased debt

How can a good credit score affect your mortgage payments?

• It increases the interest rate

• It decreases the monthly payments

• It has no effect

• It increases the loan amount

What is one way to improve your credit score?

• Negotiate a lower APR

• Increase credit card debt

• Close all credit accounts

• Pay bills late

What is a recommended strategy for earning more money?

• Taking out a loan

• Cutting all expenses

• Investing in risky stocks

• Negotiating a raise

Why is it beneficial to start a side business?

• To spend more money

• To reduce working hours

• To increase income potential

• To avoid taxes

What should you focus on if you feel overwhelmed by debt?

• Taking out more loans

• Ignoring the debt

• Earning more money

• Cutting all expenses