Hi,
Welcome to the Get Ready Money Club newsletter; a weekly newsletter with recommendations to help you succeed on your financial journey include one simple action item.
This newsletter is 1,603 words, a 6 1/2 minute read.
✅ Week #52 Action Item: Year End Reflection.
🌎 The big picture: Take a deep breath and think of all that you accomplished.
🤔 Why it matters: It’s important to take time to reflect on positive progress and challenges overcome, and to celebrate your wins.
💡 Here’s what works: Reflect on your progress with the Get Ready Habits.
- Goals defined: What are they, are they important, and what is their time period?
- Educate yourself: Know how to use what you learn and keep it fresh.
- Think about how you think: Have a positive mindset and act with intent.
- Relevancy to you: Understand who you are and align with your values.
- Evaluate your options: Choose wisely and monitor fees and expenses.
- Assemble the pieces: Know how everything fits together and what’s missing.
- Detailed focus: Review the details, seek balance, and know when you need help.
- Yearly review: Keep up to date and follow the Get Ready Method.
😎 Pro-tip: Be gentle on yourself. If you didn’t meet all of your goals, that’s okay. It’s all about the changes that you make going forward. Do the best that you can’t.
😎 Bottom line: The Get Ready Habits empower you to take control of your financial life.
💭 Habit of the week: Continue to integrate the Get Ready Habits into your financial life.
🤔 Question of the week: What are your wins this year?
💁♂️ Advisor/Coach Corner: Check in with your clients on what they feel were their big wins this year. This will help you support them in the future.
📝 Resources:
Get Ready Money Club Members:
- The Get Ready Discussion Guide. Discuss year end items with your family and clients.
Get Ready Library and Toolkit members can access your resources for this week's action item (#52) from your dashboard (located in Monthly Focus Area 12: Wrap Up Loose Ends):
- The Get Ready Blueprint week 52 worksheet where you’ll review your year end summary including how you did with your big 3 goals for the year, your numbers for the year and your contacts.
- Review any relevant worksheets.
Access Your Get Ready Resources here
Source: The Get Ready weekly action item is from The Get Ready Blueprint: A 52 Week Guide to Changing The Way You Think About Money). Pick up your copy at your favorite online bookshop (Amazon)(bookshop.org).
The Get Ready Library:
The Get Ready Library expands on each week’s action item and provides worksheets to help you complete each week’s action item, create a to-do list, track your habits and organize your financial life. It also includes access to all of my books.
- The Get Ready Bookshelf: The Get Ready Blueprint, Get Ready!, Questions and Answers on Life Insurance, The Questions on Answers Life Insurance Workbook, The Questions and Answers on Disability Insurance Workbook, Insurance Made Easy and The Questions and Answers on Insurance Planner (pdf editions)
- The Get Ready Toolkit: 150+ worksheets to complete each week’s action items step by step, add your weekly goals, use the positive habit maker, create your weekly money to-do’s and organize your financial life (fillable PDF worksheets from The Get Ready Blueprint (52 worksheets) and fillable PDF’s & Excel from Get Ready! (100+ worksheets)).
Become a Get Ready Library Member
Source: The Get Ready weekly action item is from The Get Ready Blueprint: A 52 Week Guide to Changing The Way You Think About Money). Pick up your copy at your favorite online bookshop (Amazon)(bookshop.org).
🙌 Excited to share The Get Ready Money Podcast 2024 Year In Review
🎉 The Get Ready Money Podcast grew by 58% over the last year.
💡 The Get Ready! Money Podcast with Tony Steuer features insightful conversations with a wide range of thought leaders who are changing the way we think about money.
🤩 The top five episodes for 2024:
🔹 Dignity and Financial Literacy with Peter Kwadwo Asare Nyarko.
🔹 The Impact Of Behavior On Money with Deborah Price.
🔹 Time Is Your Most Valuable Asset with Mark Yegge.
🔹 The Get Ready Money Podcast Episode 100 with Chris Mouzon, Derrick Wesley, Faith Teope and Mac Gardner
🔹 Overcoming Financial Trauma with Rahkim Sabree.
🌎 Last year people in 33 countries listened to the Get Ready Money Podcast. All time, people in 73 countries have checked out the podcast. Financial preparedness is a global movement.
🙏 Thank you to these amazing guests, all of my other guests and to everyone who’s watched or listen to the show. Thank you to Megan Ratto for her production and graphic work.
🎙️Watch or listen to the podcast (here).
The Get Ready Money Podcast is also available on YouTube and your favorite podcast app.
💡 Ready to find hidden treasure?
🧐 Discovering Hidden Treasures While Sailing Through Year-End Finances with Virginia Asher and myself on the Plunder the SEASon's Booty: Yer Holiday Treasure Map To WHealth, a Pirate Whealth Sessions interview series event.
🤨 I talked about the how to find missing money (unclaimed property). We also talked about smart money tips for the holiday season.
😎 Check out the conversation (here).
🤩 Tony Steuer Recommends
🎙️ Dealing with Romance Scams with Cameron Huddleston on the One-on-One podcast with Walt Laskos. Cameron shares tips on how to protect aging loved ones from romance scams. I also shared how Carefull can help keep older adults' trusted family members informed and alerted to signs of fraud and scams in their accounts. Listen to it (here).
🎙️ How To Be A Good Tax Client with Alicyn McLeod, Ashley Francis, Logan Graf, Elliott Appel and Matt Fizzel on the Me & Money Podcast. Key points you should think about while determining whether you’ll self-file, or look to hire a CPA for this upcoming tax season. Common mistakes self-filers make. Check it out on (Apple Podcasts).
🎙️ Bitcoin is Up—But Should You Buy? With Dr. Preston Cherry on the Life Money Balance Podcast. This episode emphasizes the importance of understanding one's long-term financial goals and matching investment actions to these objectives, avoiding impulsive decisions driven by fear of missing out (FOMO). Check it out on (YouTube).
🎙️ Discover the "eHarmony" of Financial Advice with Derek Notman and Richard Canfield on the Innovate and Overcome podcast. Derek shares his journey and how AI is revolutionizing finance and driving Couplr. Derek also shares how helps dadpreneurs excel as fathers and leaders. Check it out on (YouTube).
📖 43% of Americans have at least one unused gift card by Katie Kelton on Bankrate. 2 in 5 U.S. adults (43 percent) with an unused gift card, gift voucher or store credit. Those unused gift cards add up — to $244 per person on average. Check out the (survey results).
📖 The economics of unused gift cards by Zachary Crockett on The Hustle.. Every year, Americans spend billions of dollars on gift cards. But what happens to the money when the gift cards go unused? Read the article (here).
📖 IRS announces retirement plan contribution limits for 2025: 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000. The IRS also issued technical guidance regarding all cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2025. Check it out on the (IRS Website).
📖 Road to a top college: It’s never too early to start saving by Lambeth Hochwald for the New York Post. here are lots of tangible things you can do even when your child is young to make sure there’s enough money set aside for the day they move into a dorm. Bobbi Rebell added that “You have to start where you are. No one is turning back the clock so don’t be ashamed and hide the problem. The best thing you can do is to course correct.” Read the article (here).
📖 The Social Security Fairness Act May Mean Big Bucks If You Work(ed) in Non-Covered Employment and Even If You Don't by Laurence Kotlikoff. Ending WEP and GPO means $, $$, or $$$ to millions of retired or retiring state and local workers. It also represents a major incentive to work part career in non-covered employment. Read the article (here).
📖 Enhancing Client Conversations About Charitable Giving: Sample Questions, Scripts, And Tools For Better Engagement by Kathleen Rehl on the Kitces Nerd’s Eye View Blog. Insights, thought-provoking questions, and sample scenarios to help advisors begin and navigate charitable giving conversations, reducing any risk of awkwardness or overstepping. Read it (here).
📚 "Crush Your Money Goals" by Bernadette Joy. Our money habits are foundational to our financial journey. Good money habits lead to financial success. If you're interested in changing your money habits or exploring new ones, then check out . This is also a great gift for young adults and your client's kids starting out. Check it on (Amazon).
🎥 The Race to Independence with Larry Roth, Mark Butler and Sheryl O’Connor on IncomeConductor’s Trailblazer series. Industry trends and future forecasts in the areas of financial advice, technology and M&A. What advisors (especially those older advisors) should be looking for in a new firm when considering a move. What wealth management firms need to focus on for growth (organic vs inorganic) and asset retention now and into the future. Watch it on (YouTube).
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Let’s Change The Way We Think About Money!
Tony
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