9 Essential Tasks to Complete Before the Conclusion of 2023

by | Nov 4, 2023 | Fidelity IRA | 18 comments

9 Essential Tasks to Complete Before the Conclusion of 2023




9 Things You Need to Do Before 2023 Ends!
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9 Things You Need to Do Before 2023 Ends!

As 2023 is gradually coming to a close, it’s time to reflect on the year gone by and start preparing for a fresh start in the coming year. To ensure a fulfilling and successful 2023, here are nine essential tasks you should accomplish before the clock strikes midnight on New Year’s Eve:

1. Set New Year’s Resolutions: Start by setting meaningful goals for the upcoming year. Reflect on your accomplishments, challenges, and areas where improvements are needed. Create a list of achievable resolutions that will help you grow personally and professionally.

2. Revisit Your Financial Goals: Evaluate your financial situation and make adjustments accordingly. Create a budget, review your savings plan, and assess any outstanding debts. Consider consulting with a financial advisor to set realistic financial goals for the coming year.

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3. Reflect on Relationships: Take some time to evaluate your relationships and prioritize those that bring you joy and fulfillment. Consider nurturing existing relationships, mending damaged ones, or letting go of toxic connections. Surround yourself with people who inspire and support you.

4. Declutter and Organize: Start the new year fresh by decluttering and organizing your living space. Go through your wardrobe, clean out your closets, and eliminate any unnecessary clutter. A tidy environment can have a positive impact on your mental well-being and productivity.

5. Learn a New Skill: Challenge yourself to acquire a new skill or enhance an existing one. Take up an online course, join a workshop, or sign up for a hobby class. Continuous learning keeps us engaged and opens doors to new opportunities and personal growth.

6. Prioritize Self-Care: Your well-being should always be a priority. Assess your self-care routine and make any necessary adjustments. Incorporate activities like exercise, meditation, reading, or pursuing hobbies that bring you joy. Remember, taking care of yourself enables you to better take care of others.

7. Travel and Explore: If circumstances allow, plan a trip or explore your surroundings. Traveling broadens your horizons, exposes you to new experiences, and encourages personal growth. If international travel is not possible, explore local destinations or plan mini getaways to unwind and rejuvenate.

8. Give Back to the Community: Engage in acts of kindness by giving back to your community. Volunteer at local charities, donate to causes dear to your heart, or extend a helping hand to those in need. Contributing positively to society can greatly enhance your sense of purpose and fulfillment.

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9. Reflect and Celebrate: Finally, take a moment to reflect on your achievements and milestones throughout the year. Celebrate your successes, both big and small. Give yourself credit for the efforts you’ve made and the hurdles you’ve overcome. This reflection will provide you with motivation and a positive outlook for the year ahead.

As we bid farewell to 2023, take the opportunity to create a solid foundation for the coming year. By completing these nine tasks, you’ll be ready to embrace 2024 with renewed energy, focus, and a clear plan for success.

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18 Comments

  1. sarahoptical

    Thanks guys. Wish I would have found your channel 10 years ago

  2. Josh Nichols

    100% dude on the right is a pastor lol

  3. Ron

    22:37 Is the 89k for married still count if you end up making 95k? Is the first 89k at 0% and then a different rate?

  4. Kelvin Johnson

    I initially planned to retire at 62, working part-time while saving money. But steep price increases have disrupted my plan. I wonder if those who experienced the 2008 financial crisis had it easier than my current situation. The declining stock market has lowered my income, and I'm worried that my reduced contributions will leave me with insufficient retirement savings.

  5. kamoore1

    I love your show. I wish you would address the population that is approaching retirement and just found out about you.

  6. Radhika Suresh

    Are highly compensated employees (HCEs) subject to caps when contributing to after-tax 401(k), after they’ve maxed out their pre-tax 401(k) contributions?

  7. Josh Orlowsky

    These guys just give out gold for free! I’m going to look back when I’m 40 and really thank these guys. I’m 26 now. I found them when I was 23

  8. C H

    Would you guys please do a video "deep dive" on steps 7-9 of the FOO?

  9. William Chan

    Can you create a video for about things to do before 2023 ends for small business/ entrepreneur specifically taxes guide deductibles, 401k, etc? Thanks

  10. Nafees Alam

    Where do you open HSA if you are a small business owner?

  11. Rochelle Trembly

    Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

  12. Marjorie Antoniou

    I’m in a total 30% tax rate between (federal, state and city taxes) . I understand that reducing my taxable income is nice but isn’t Roth always better because you get tax free growth especially over time? I dont want to invest for the short term, I want to invest for the long term. So even though I might have to lose 30% of each dollar I invest to taxes, isn’t putting money in my roth still better?

  13. Rob Williams

    What do you guys think about a Schwab or Fidelity CC, as long as it’s paid off every month. Schwab gives 1.5% cash back to a brokerage account and Fidelity gives 2%.

  14. Rob Williams

    Get 4.4% at Marcus!

  15. clbcl5

    My Fidelity money market [spaxx] is today 10/10/23 is 4.98 %. The money market you quoted is 100K minimum. Not for the every day joe.

  16. Sonia-Gianina Rus

    Your plan sounds too complicated for someone who doesn't live in the USA 🙂 too many variables that I don't understand how to apply to my European background. I prefer the Ramsey baby steps, because they are more specific

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