Money Rehab with Nicole Lapin
“I Want to Achieve My Financial Goals Within Five Years. What Should I Be Doing Now To Get There?“ (Listener Intervention)
18 Nov 2024
You know what you want your financial future to look like… but how do you get there? That’s the question today’s Money Rehabber is struggling with. Today, Nicole helps her build a roadmap you can use to meet your financial goals. On this road, you’ll need a financial bestie. That’s where Bank of America comes in. Find all the tools and expert guidance you need for your financial present and future at http://bofa.com/NewProsMedia
Full Episode
I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. So I've been doing this whole financial education thing for over a decade. And I have to say, the economic landscape has never been harder to navigate.
And so Bank of America and I are teaming up to help you money rehabbers answer the big financial questions that are on your mind right now. Like, how do I talk to my friends about money? Should I combine finances with my spouse? How do I make my money work harder for me? You know, all the biggies.
So Bank of America and I are doing six episodes together where I talk with real money rehabbers about their financial dreams and navigating this economy. You're about to hear the first episode and it tackles the topic of how to live the life you want now while also building toward the financial future you want for yourself.
When you're setting out on a path to financial freedom, you're inevitably going to hit a fork in the road that divides you from what you want right now and what you think you should provide for yourself in the future. That's what today's money rehabber called me to talk about. She feels like she's at that fork in the road and she needs help deciding which way to turn.
The good news is she doesn't have to choose. With a thoughtful, intentional spending plan, which is what I call a budget, by the way, because it sounds more fun, you can set your future self up for financial success and enjoy the present, which is exactly what I want to talk to her about today. So here's how it went down. Max, welcome to Money Rehab. What's your question?
I'm feeling pretty good about where I am right now in terms of how much I'm making and I feel like I'm able to live the life that I want right now as much as someone in my early, early 30s. But I wouldn't be able to just like fast forward 10 years and live how I want to live when I'm 40, if that makes sense. Like I want to buy a house someday, but I couldn't now.
So I want help figuring out what I should be doing to set myself up to be able to meet my financial goals that will later come.
Well, I love this question. But before we can talk about how to get the financial future you want, we need to talk about what you want for your financial future. So can you describe what your dream life looks like?
Well, I work in marketing and I'd like to have my own firm someday.
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