New Year's Saving Guide - Dec 20, 2023 Newsletter

Ka-ching! 💰 It’s time to tackle your money problems in today’s edition, and find out how you can get yourself in a good place this coming year.

PLUS: Our Career Workbook Planner to help succeed at work and in life! 👇

Until recently, many people saw saving up and retiring early as the ultimate career goal. At the end of the day, with the retirement age gradually increasing around the world, who would want to find themselves working well into old age instead of sipping piña coladas on a remote beach? 🍹

Well — the answer is no longer a loud “NOBODY!”, and that’s partly due to younger generations. Or, rather, it’s due to the realities that younger generations are faced with, as well as their attitudes towards these challenges.

With salary increases failing spectacularly to align with inflation, Gen Z is practicing soft saving, which entails saving up less than previous generations did. This practice is in line with soft living, which prioritizes growth and mental wellness over hustling. 💆

Indeed, young adults care more about pursuing their interests and having experiences over painstakingly saving up every single buck.

Putting away large sums is becoming increasingly harder for everyone, anyway, so who can blame them for wanting to live more in the present? Certainly not us.

🤝 TOGETHER WITH INCOGNI

Hundreds of companies are collecting & trading your personal information. 🛑 Stop robocalls, spam, stalkers & identity theft now. Remove your personal data out of data brokers' hands and keep your information secured with Incogni. 🔐

Use code NL2023 for 60% off the annual plan.

Smart New Year’s money resolutions to make

The New Year is a time for fresh beginnings, and one resolution that’s always on the top of the list is “saving money”. 💰 But it’s often a resolution that nobody actually sticks to.

So, how can you make your Benjamins work for you this year? 🤔

The solution this year is setting SMART goals. Instead of saying “I want to save a lot of money”, set yourself an amount that’s doable. For example, start with a goal of saving $ 1k in the next 4 months.

But first things first, start by evaluating your financial situation. Track your spending and set a realistic budget for the year ahead. Once you’ve done that, you can determine how much you’re able to invest in assets or how much you have to clear your debt.

Some simple financial steps to make in the year ahead include:

✅ Opening a savings account (if you don’t already have one)

✅ Creating a budget

✅ Investing in life insurance and a private pension plan

✅ Setting up automated transfers

✅ Building an emergency fund

✅ Clearing any debt

✅ Investing in assets that will bring a return

A successful career starts with you

Map out a full and realistic picture of your future career with our comprehensive 17-page Career Planner Workbook. Includes skill, interest and personal self-assessments, fillable action plan, and more.

Valid until 31/12. Discount already applied.

Catch you on the flippity flip :)

Share THE DOSE

Hey, use this as your networking excuse as we reward your efforts…

1 referrals until your next reward: Salary Negotiation eBook.

Your referral count: 0