As seen on RelevantMagazine.com

If there was any New Year that brought with it the desire to do better with money, it was this year. 2020 was a nasty wake-up call for most of our wallets. Most realized what worked with our money in good times didn’t actually work all the time. For that new revelation, we should be thankful!

Warren Buffet says, “When the tide goes out, you can see who was swimming naked.” Well, the tide flew out, exposing quite a few financial skinny dippers. If that was you, the pain is still fresh enough. Use that pain as a motivator. If you change these five things this year, you will be on track to make 2021’s financial situation better than 2020’s. 

When a quarter of U.S. jobs were disrupted during the COVID-19 pandemic, we were reminded that debt really is a millstone around our necks. 2020 proved that not having a shred of savings is a bad plan.  The pandemic cemented the reality one job is dangerously close to no job . This bad posture leaves us exposed when our hours get cut back, our client orders dry up, or we get laid off entirely. On the flip side, some had no payments, a healthy emergency fund and diverse income streams in 2020. For them, 2020 was a solid financial year. This can be true for you in 2021, but it will require changing your mindset and acting diligently. You probably don’t believe it, but you can win with money in 2021…