Now before I get started – I want to be really really clear. This is not a politically charged post, as in…I don't care who you voted for. I've always tried to keep this site as far away from specific political opinions because I think you can have a great money site without them!
Actually, at the time of writing I have no idea who is going to win the election. When it comes to the basic foundation of personal finance I don't think it really a ton matters anyways.
Whoever ended up winning isn't going to change my mindset even if it forces me to change strategy somehow.
You need to have your own $$$ plans for the next 4 years. Don't rely on politicians for your planning.
The point of this post is that I want all of you to avoid being distracted from your upcoming financial goals. It's SO easy to get caught up in what we think certain politicians are going to do/not do for your financial future, when in reality it's you and I that make the most important decisions for ourselves when it comes to basic money practices.
Here are a few things I want you to stay focused on now that the election is over:
Increase your savings rate
All of us could get better at saving money. Whether it's spending less money on food or setting aside a larger portion of your paycheck to create a killer emergency fund…there's no way we can't all be better.
If you have a 3 month emergency savings built up, work towards 6! If you have that, consider an 8 month…especially if you are planning on making a career change or starting your own business soon.
Find investments that you are passionate about
I get so many emails from readers asking what they should specifically invest in. I always try to give as broad of an answer as possible because 1) I'm not a financial advisor, and 2) It's such a personal question.
I really think that if you find an investment you love, you'll be more willing to research the crap out of it and become really strong in that area. If you like real estate, cool. If you want to become a dividend investor, awesome. All I care about is that you start doing your research.
START YOUR SIDE HUSTLE
I will continue to preach this until the day comes that I sell the site for $10,000,000 (just kidding…not selling haha). I think anyone who wants to earn extra money should try a side hustle, even if it's as simple as going to garage sales and selling on Amazon or eBay.
Everyone thinks you need some kind of crazy business model or to quit your job like I did. Straight up – you don't. Making money on the side doesn't have to be hard.
If you want to do something like driving for Uber, you should! I've even got an exclusive link to give you $100 extra when you complete your first drive. Now you don't have an excuse. 🙂
Develop a long term dream
That's right, not a strategy. A freaking dream. My journey with personal finance got started when I decided I wanted to live in a mansion on a lake someday. It sounds superficial, but I'm not a minimalist either. I want to be rich and have nice stuff.
But that dream sparked a strategy and a business that, in my mind, has unlimited potential. Now it's just a matter of having time in the game and making wise choices on how I grow the company.
Above all, don't rely on politicians for your future.
I truly truly believe that every person has the ability to change their life. Too many of us spend our time hoping that politicians will spark some massive change, when in reality we are the ones that make change the fastest.
Don't give away control of your future to someone who hustles votes for a living. Stay focused, keep hustling, and make your own change.
Just FYI – don't even bother with politically charged statements in the comment section. I'll just delete them. We've all endured enough of that noise over the past few months for an entire lifetime, right?