It’s Sunday, which means...It’s recap time! This week’s theme was life changing money habits.

Here are the 5 life changing money habits that I covered in each episode this week:

• Track your spending - most important
• Reduce/eliminate debt, especially paying off high interest credit card debt
• Beef up your emergency savings – maintain 18 months of expenses in savings as you approach retirement
• Prioritize saving for future goals that are meaningful to you 
• Increase your giving – this one has important psychological and spiritual benefits 

Hopefully after listening to the One Minute Retirement Tip podcast this week you are inspired to pick a financial goal to work on for 2021. And if you do, I encourage you to just pick with one of these habits, start where you are, start small, and experience the life changing opportunities that better financial health can bring to your overall well-being and life satisfaction. 

Tomorrow, we are starting a brand new theme: How to spend inheritance money. 

It is estimated that my generation, the millennials - yes, I am a scorned millennial - it is estimated that millennials will inherit $68 trillion by 2030. As my generation’s baby boomer parents enter their 70s and 80s, over the next 10 years, there will be a tremendous transfer of wealth. But the reality is that the transfer of wealth is already happening. And it’s likely that many of you listening will receive at least some inheritance that will become part of your retirement portfolio. 

So next week, I’m going to share with you how I would advise who received a $1 million inheritance. What would we do with that money? I’ll dive deeper into the details of this hypothetical scenario next week. 

One last thing...if you haven’t already, be sure to check out my YouTube channel - True North Retirement, where I cover a wide variety of retirement planning topics - with a new livestream every week,  where I do a deeper dive than I have time for in each daily episode. So if you want to hear more from this week’s topic head on over to True North Retirement on YouTube and subscribe. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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