Annual Financial Checkup
(This is still a work in progress, but feel free to check out the information posted so far.)
There is a close link between finances and mental health. Money struggles lead to stress, anxiety, and low self-esteem, and mental health challenges can affect financial decision-making and stability. This leads to a vicious cycle that can feel impossible to escape.
Financial education is one of the most effective ways to take control of your life. Find out how you can create stability, peace of mind, and confidence in your life.
Small Habits, Big Impact
Make it a habit to review these steps regularly to maintain momentum toward your financial goals. While some may find value in annual reviews, others may benefit from more frequent check-ins. As life shifts, so do your priorities; what felt right last year may evolve with new opportunities or challenges. Consistent reviews allow you to reassess your goals, refine your strategies, and align your financial plan with your current life circumstances.
By committing to at least a yearly review, you’ll continuously build confidence and create a strong foundation for lasting financial success.
*Please note that I am not a financial advisor, and this Annual Financial Checkup should not replace professional advice from a qualified financial advisor.
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Welcome and Instructions
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Section 1: Key Financial Questions
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Introduction to Key Financial Questions
Who you are tomorrow begins with what you do today.
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Question #1 - What Is Your WHY?
Knowing your WHY is a crucial first step to building wealth.
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Question #2 - How do you envision your future life?
Turn your aspirations into a roadmap.
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Question #3 - What is your Net Worth?
Knowing your true starting point is key to successful wealth building.
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Question #4 - What are you thankful for?
A thankful heart is a happy heart.
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OPTIONAL: Question #5 - Are you tithing 10%?
Tithe means “tenth,” and it symbolizes a test in the Bible.
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OPTIONAL: Question #6 - Are You Paying Your Mortgage Biweekly?
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Additional Reminders for Wealth Building
Additional Reminders/Tips
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Section 2: Building Your Financial Foundation
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Introduction to Building Your Financial Foundation
It’s not a matter of IF, but WHEN. Build a strong financial foundation to protect against life’s inevitable setbacks.
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S.W.A.N. (Sleep Well At Night)
Stress is the thief of peace, but a good night's sleep is the guardian of your health and happiness.
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Question #1 - Do you have an adequate Cash Emergency Fund?
This is money you have quick access to, should you need the money immediately.
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Lesson Notes for Questions 2, 3, and 4
Notes for Questions 2, 3, and 4.
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Question #2 - Are you getting your Employer Match?
Introduce your lesson with an optional, short summary. You can edit this excerpt in lesson settings.
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Question #3 - Do you have any High-Interest Debts?
Introduce your lesson with an optional, short summary. You can edit this excerpt in lesson settings.
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Question #4 - Do you have a Fully-Funded Emergency Reserve?
Introduce your lesson with an optional, short summary. You can edit this excerpt in lesson settings.
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Question #5 - Are you anticipating significant expenses in the next 3-5 years?
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OPTIONAL: Do you have a well-stocked pantry?
Introduce your lesson with an optional, short summary. You can edit this excerpt in lesson settings.
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Section 3: Building Your Financial Independence/Wealth
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Introduction to Building Your Financial Independence/Wealth
Let’s get started on building your financial future!
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Investing Hierarchy Chart
Introduce your lesson with an optional, short summary. You can edit this excerpt in lesson settings.
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Question #1 - Are you investing at least 15% of your gross income?
Fuel Your Freedom! Aim for at least 15.
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Question #2 - Do you have any distant future expenses (5 years or more) that you should save for?
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Question #3 - Do you have any low-interest debts?
Introduce your lesson with an optional, short summary. You can edit this excerpt in lesson settings.
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Section 4: Safeguard Your Legacy and Elevating Others
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Section 5: Checklist/Milestones by Decade
