Setting Your Financial Priorities for 2025

What are your financial priorities for 2025? The habit of establishing written financial goals is extremely helpful in building wealth and achieving financial success. In this episode of Wise Money, we'll help you establish the right goals for the new year and build a plan to achieve them.

Season 10, Episode 19



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Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

Intro: (0:00)
Segment 1: (0:11)
Break 1: (10:25)
Segment 2: (11:36)
Break 2: (21:50)
Segment 3: (22:37)
Break 3: (32:51)
Segment 4 (33:53)
Outro: (44:10)

[TheSingingDoctor]

I keep track of my networth analysis and FICO on an Excel spreadsheet and update it every Dec 31. I list all account balances, mortgage balance, assets, and ratios of pre-tax/Roth/brokerage accounts. It's very motivating to see.

[irpain]

My Dad urged me to purchase a long-term care policy for me and my wife when we were in our early 40's. What we settled on was a 10 pay rider fully paid up policy after 10 years, in home care for 3 years at half long-term rate, assisted living and long-term care unlimited. 0 wating days. 5% annual inflation unlimited. When I was nearing retirement I went to an elderlaw attorney to have trust drawn up. When reviewing the long-term care policy he said WOW probably 3 times and said we couldn't buy that today. I believe that it was the single best decision I have made to provide for our financial freedom and our children's inheritance. Not only that but now dealing with inlaws and finding a long-term facility when someone is Medicaid Pending creates a lot more complications than being able to say "self pay".