2024 is right around the corner. Take these 7 lessons from 2023 to win with your money in 2024.

Every year I like to reflect on some money lessons from the prior year. 2023 has been a wild year in the markets. Constant talks about a recession all while the S&P 500 (as of 12/22/23) is up over 24% this year. This is 7 things I have learned in 2023 about money that will help me continue to build wealth in 2024…

1. 99.9999% of people do not care.

In 2023 I realized buying stuff because you want to impress other people is a sure way to unhappiness & wasting money. Most people do not even care the car you drive, the watch you wear, the clothes you own. If they do care, they are not a real friend. It is easy to get caught up in the materialistic world nowadays, but it is good to remember that most people do not care.

2. Remember your investing reason.

There has been talks all 2023 about an upcoming recession. While a crash will come, it hasn’t yet. The S&P 500 is having a 24%+ year. People who had long term investments that they sold due to fear of a recession are probably not too happy. If you are investing money for 10+ years, you can’t forget that & let emotions dictate your investing.

3. It is not what you make, it’s what you keep.

Time & time again I am reminded that someone making $250,000 but spending $250,000 is slowly in a worse position than the person making $70,000 but saving $20,000.

4. It is never too late to start.

This is a great lesson. Speaks for itself. It is never too late to start investing. It is never to late to start your journey. The best time is now.

5. Budget & stick to it.

Making a budget is great, but that is not enough. You must stick to that budget. Example, if you make a budget for your money but don’t follow it, then it is no good. Budgeting works for anyone. Create a budget & STICK TO IT.

6. Surround yourself with the right people.

You are the sum of your 5 closest friends. If your friends spend all they make & don’t care about investing, guess what you will probably end up doing? Spending all you make & not care about investing. If your friends talk about investing & building businesses, guess what you will probably end up doing? Investing & working on building a business.

7. Enjoy the present.

The wealth building journey takes time. It is not an overnight thing. Don’t give up everything you have today for the future because then you will probably be miserable in the present. You have to make sacrifices to build wealth, but don’t forget to enjoy the present too.

Real quick, my podcast called The Decade Investor Podcast releases a new episode every Monday & Wednesday. This week I dropped two new episodes:

1. How The Rich Get Richer

2. Hitting All Your Money Goals | Conversation with Vonn

You can listen to them on any podcast playing app here: https://thedecadeinvestorpodcast.buzzsprout.com/share

I want to help you too. I will be able to help you… soon. Stay tuned, I have something coming in the beginning of 2024 that will revolutionize the game for Decade Investors.

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If you are looking for some more lessons I learned in 2023 🙂 

Thank you so much for reading & I will see you next week! Until then, keep buying assets.🙂 

- Decade Investor