Top Ten List: The Things Millionaire Nurses Need to do Before January 1!

January 1 is fast approaching.  The charge nurse is busy fighting over who works Christmas eve/day and New Years eve/day.   Nursing students are finishing exams.  I have seen exciting post’s on Facebook about graduating!!!! Yeaaaa-but now the clock starts ticking on student loans, doesn’t it???

Sorry,  like that new admission you always get, 10 minutes before change of shift, sometimes bad things happen to good people, but we gonna be real here.

So in honor of Dave Letterman, (or should it be dishonor) here are the top ten things you need to do before the first of January:

1. Set a time for your goals and planning-then do it.  Click the links here for earlier posts on goals.
2. Check your free credit report at Annual Credit Report here.  Study it for inaccuracies.
3. Do a financial statement of net worth.
4. Review/do a budget, if you don’t have one.
5. Find out the amount of interest on loans you paid this year, if you don’t know how, see this post.
6. Buy term life insurance or make arrangements to do so, if you already have life insurance,- make sure the beneficiaries are correct.
7. Make sure your will, and health care power of attorney are up to date.  Check out this post for a kit to help.
8. Get your end of year tax documents together-get that folder now,ready for the statements, W-2′s etc you or your accountant will need.
9. Meet/call your accountant to make sure you don’t need to change withholding, 401-k amount, and whether any of the new tax changes will affect you next year.  If you don’t have an accountant, you can run the numbers on your taxes/talk with your personnel department regarding the withholding.
10. Review all of your bills/services to see if you can drop your monthly payments-such as car insurance, cable, internet, cell-phone.  Make a list and schedule calls, do comparison shopping to drop your bills.  Negotiate-see this post by Ramit Sethi on negotiating.  Use this technique to negotiate your cable bill, phone bill and when your are shopping, especially at stores that you are dealing with the owner.  And certainly, when you go for your year end salary and performance review, these are great things to know.

For a great accountability exercise, print this out and check things off, similar to the post made at 2 Dog Casa, with my previous post on Twelve Ways Not to be a Millionaire Nurse.

So take some time, when you finish your shopping, gift giving, partying, and eating, to look after your important financial affairs before the end of the year. If you cannot get them all done, look at your calendar, and write deadlines for each one today, that means today, before the day is over….

PS:

Housekeeping:

For my free E-book, “Emergency Money Resuscitation” click here or on the right middle, yes I said free.

For email notification of new posts-see bottom right.

For your feed reading pleasure-see the top right.

Please comment if you have questions or suggestions-thanks.

Tags: budget, end of year to do list, financial statement, goal setting, term life insurance

This entry was posted on Wednesday, December 16th, 2009 at 11:24 am and is filed under Quality of Life, goal setting, personal finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.