As we prepare to turn the page to the new year, it’s time to start thinking about our goals and laying out the resolutions we want to achieve in 2022. Sharon and Jeremy will take you through 22 life and money resolutions that will help you grow as a CRNA and put you on a path to financial freedom.
Click the timestamps below to help you navigate through the many topics we discussed.
On This Episode:
With so many people ready to put 2021 in the rearview mirror and get a jumpstart on the new year, let’s start looking ahead at 2022 and talk about ways that we can improve ourselves.
CRNAs are blessed to enjoy strong salaries thanks to a lot of hard work, but it’s a position that requires countless hours and endless energy. With so much focus on the work you’re doing, it doesn’t leave much time to worry about saving and investing money towards your retirement.
But the new year means a new opportunity to take steps towards financial freedom and we want to give you a hand with how to improve yourself and your finances in 2022. We’ve put together a total of 22 life and money resolutions to guide you throughout the coming year. Keep in mind that most people won’t be able to check every item off the list – and not all of them are guaranteed to align with your needs – but if you’re able to accomplish at least a handful of these, you’ll be in a much better position by the end of the year.
So here we go, 22 resolutions for 2022:
- Reduce your debt
- Boost your retirement savings
- After 2020 and 2021, let’s make sure we’re prepared for the unexpected
- Don’t overreact to the headlines
- Set a budget
- Meet with financial & tax advisors, especially if you’re nearing retirement
- Check all of your beneficiary designations
- Carve out time for tough conversations
- Audit your insurance
- See if refinancing your home makes sense this year
- Organize your finances
- Check your credit
- Understand and review 1099 options
- Have a retirement income plan
- Look for more donation opportunities
- Ask about Roth conversions
- Update paycheck withholdings
- Rebalance your portfolio
- Plan your transition into retirement
- Consolidate your accounts
- Define your why or revisit it
- Listen to more episodes of the podcast
If you need any help with these or have any additional questions about any of these items, please reach out and we’ll be happy to help you better understand these resolutions. And make sure you save this list and check back in throughout the year to see how you’re doing. It’s a long list and might seem overwhelming, but take it one by one and do your best and you’ll be better off financially than you were at the start of 2022.
Check it out the interview at the top of the page and use the timestamps to help you navigate through the many topics we discussed.
2:01 – Looking back on 2021
3:17 – Setting goals and resolutions
4:35 – Resolution #1 – Reduce your debt
7:11 – Resolution #2 – Boosting retirement savings
8:41 – Resolution #3 – Prepare for unexpected
10:57 – Resolution #4 – Don’t overreact to the headlines
12:24 – Resolution #5 – Set a budget
15:13 – Resolution #6 – Meet with financial & tax advisors
16:52 – Resolution #7 – Check beneficiary designations
19:39 – Resolution #8 – Carve out time for tough conversations
21:40 – Resolution #9 – Audit your insurance
22:58 – Resolution #10 – See if refinancing your home makes sense
23:46 – Resolution #11 – Organize your finances
25:35 – Resolution #12 – Check your credit
28:06 – Resolution #13 – Understand and review 1099 options
35:06 – Resolution #14 – Have a retirement income plan
31:34 – Resolution #15 – Look for more donation opportunities
33:00 – Resolution #16 – Ask about Roth conversions
34:30 – Resolution #17 – Update paycheck withholdings
35:21 – Resolution #18 – Rebalance your portfolio
35:51 – Resolution #19 – Plan your transition into retirement
37:30 – Resolution #20 – Consolidate your accounts
38:19 – Resolution #21 – Define your why or revisit it
40:08 – Resolution #22 – Listen to more episodes of the podcast
41:24 – 5 signs for good financial health
“I would say most CRNAs should be maxing out their retirement plans because the retirement system is skewed against high-income earners of which you guys are, and the only way to change that, a little bit, is to max out your retirement plan.”-Jeremy Stanley, CFP®, AIF®