The pandemic has impacted many people’s mental health, and almost a year later, many of us are struggling with COVID fatigue. Even though many of us don’t feel like pushing on, we still have to show up. Mortgages and rent are due, groceries need to be purchased, and most of us still hope to retire one day. How do you focus on money management when you lack motivation? Here are five strategies to help you keep your focus while building a strong financial base and growing wealth.
- Understand Your Current Financial Position – where are you at financially? Do you carry any debt? How much do you have saved? Are you ready for retirement? Use the MoneyWellth Application to see your task list and work your way through our seven-step process to creating a financial foundation and building wealth.
- Have a Plan – with any goal you set out to accomplish, having a plan and knowing what steps you need to take to achieve your goal will put you on the right path. It will also allow you to check-in and see your progress. Regardless of where you are on your financial path, paying off debt, building savings, or planning for retirement, having a plan is crucial. Write down your goal and milestones you want to reach along the way.