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💰 Gratitude
Preston Victory
November 27, 2024
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Welcome, Future Early Retirees.
As we gather around tables laden with turkey, stuffing, and all the fixings, Thanksgiving provides us with a moment not only to reflect on our personal blessings but also to consider the health of our financial lives.
In today’s newsletter:
Mixing gratitude with financial planning
1. Reflecting on Financial Growth
Gratitude for Progress: This Thanksgiving, take a moment to reflect on your financial progress. Whether you've paid off a credit card, increased your emergency fund, or simply stuck to a budget, every step forward is worth celebrating. Reflection breeds gratitude, and gratitude can motivate further financial discipline.
Exercise: Write down three financial achievements from this year. Feel the gratitude for these steps, no matter how small they might seem.
2. Investment Growth
Appreciation: Just as we appreciate the growth of our families and friendships, be thankful for the growth in your investment accounts. Whether it's through retirement accounts like 401(k)s or IRAs, or personal investments in stocks, bonds, or real estate, growth signifies not just financial health but also foresight and resilience in planning.
3. Financial Education
Knowledge is Power: This Thanksgiving, be thankful for every piece of financial knowledge acquired. Whether it's understanding compound interest, learning about tax strategies, or mastering budgeting techniques, education in finance is invaluable. Consider sharing this knowledge at your Thanksgiving table, perhaps sparking a new tradition of financial literacy.
4. Community and Giving
Charitable Giving: Thanksgiving is a time for giving back. If your financial situation allows, consider making donations to charities or to those in need. Financial gratitude can manifest as the ability to help others, creating a cycle of giving and receiving that enriches everyone involved.
5. Future Planning
Vision for the Future: Use this season to express gratitude for the future you're planning. Whether it's saving for a child's education, planning for retirement, or ensuring financial stability for future generations, your current efforts are seeds for future prosperity.
Action Item: Before the meal, consider going around the table and having each person share something they are grateful for.
As we move into the holiday season, keep this spirit of gratitude alive in your financial choices. Happy Thanksgiving, and here's to a future where our financial well-being allows us to give thanks even more profoundly!
Thank you for reading!
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Talk to you all next Wednesday 🙋♂️
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