106. The 3 Biggest Mistakes to Avoid When Setting Your 2025 Financial Goals

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How will this episode help me set better financial goals for 2025?

Germaine Foley 0:09
Welcome to the wealthy woman's podcast, a podcast for high achieving women who are great at making money, but struggle to build wealth. You'll learn how to take control of your money, increase your net worth and make more. Ladies, it's time to create a life with more money and more freedom. Let's dive in. Well, hello, everyone. Welcome back to the podcast. And today we are going to talk about the three biggest mistakes to avoid when creating your 2025 money plan. When you're setting your new year's resolutions, when you're setting your financial goals for 2025, I want to give you the three biggest mistakes to avoid so that you can actually make your goals and plans a reality next year. So here's a sobering statistic.
Germaine Foley 1:04
Most money plans, most goals, and most New Year's resolutions fail by mid-February. Now, before I go any further, I want you to reflect and ask yourself this question. Has this been true for me? Have you made plans and set goals and made new year's resolutions in the past? And then by mid February, they were out the window. I'm going to pause for you to just reflect for a second. So if you answered yes, then here's what I need you to know. There is absolutely nothing wrong with you. Nothing at all. But there's likely something wrong with the methods you've been using to set your goals and to create your plans. Also, I want to emphasize that the new year is actually a great time to set new goals because it's a new beginning, right?
Germaine Foley 2:13
It's a new year and we feel like, oh, it's a new year and it's a new me. Well, I want you to know that's not necessarily true. The fact that it's a new year doesn't mean that you're going to automatically be a different person that does different things, okay? The new year is simply a new year. It's a new beginning. And it's a great time to reflect and to look ahead. But the fact that it's a new year isn't enough to immediately change who you are and how you act. It's a great time to start to change. But the new year alone won't guarantee change. It's going to take so much more than that. And that is why I created the 2025 money planning workshop that is absolutely free. I usually charge for this workshop, but this year I'm doing something different.
Germaine Foley 3:05
It's absolutely free. And you have two dates to choose from. You can join me live on Sunday, December 29th at 1 p.m. Eastern Standard Time or on Monday, December 30th at 7 p.m. Eastern Standard Time. You can secure your spot by going to the show notes and signing up or by going to JermaineFoley.com slash 2025. Again, that's Jermaine with a G, Foley.com slash 2025. So like I said, There will be no charge for this workshop, but here's the catch. There will be no replays. So that means you need to show up live. So give yourself this gift. Put this on your calendar. Pick your date, which day works best for you. Put it on your calendar and carve out about 90 minutes for yourself. There will be no replay. I promise you there will be no replay.
Germaine Foley 3:58
I will not be sending out a replay of this. So if you want to plan your year, so that your finances can be totally different. The goal is for you all to create your wealthiest year yet in 2025. I want to sit down with you, give you exercises, give you new concepts, new ways of thinking, so that you don't just set a new year's resolution this year that fizzles out by mid-February. I want your plan to be sustainable all year long and And I want you to look back and just be in awe of all you accomplished. So this time next year, I want you to be looking back like, oh my gosh, I'm so glad I went to that workshop because it set me up to have the best year yet. Look how far I've come and look how much further I'm planning to go.
Germaine Foley 4:44
Okay, so let's go ahead and dive into the three mistakes that you want to avoid making when creating your 2025 money plan.

Why do most New Year money plans fail by mid‑February?

Germaine Foley 4:52
Now, all three of these mistakes that I'm telling you to avoid, we will work on in the the workshop. So I'll teach you in depth how to avoid these mistakes if you join me in the workshop. Okay, so number one, the first mistake is this, setting vague goals that don't reflect what you really want.

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