How to Actually Make Progress With Your Money This Year

Grief's Impact

Grief can significantly complicate financial decision-making, as Rachel Cruze explains. She advises against making major financial decisions within the first year of experiencing a loss, emphasizing the importance of taking time to grieve and gather a support system of trusted advisors and loved ones 1. Rachel highlights the necessity of preparing emotionally and financially for life's unexpected challenges, stating that having a clear plan can provide peace during difficult times 2.

When anything like this happens in life, an unexpected death, a tragedy, there's something there. Don't make any big financial decisions in the first year. So pause, pause, pause, pause. Just sit.

--- Rachel Cruze

She emphasizes the importance of taking care of oneself and loved ones first, with finances being a secondary concern during such periods 1.

   

Financial Guidance

Consulting financial advisors during emotionally turbulent times can be crucial, as Rachel Cruze discusses. She suggests seeking guidance from professionals like SmartVestor Pros to help navigate financial decisions wisely, especially when emotions might cloud judgment 1. Rachel also underscores the value of having a clear, step-by-step financial plan, such as the baby steps, to guide individuals through financial challenges 1.

I would get with one of our smartvestor pros in your area and sit down and show them what all you have and say, okay, here's the amount of money I have. What should I do with it?

--- Rachel Cruze

She stresses the importance of surrounding oneself with knowledgeable and supportive individuals to ensure sound financial decisions are made during such times 3.