Your Money: What to do at 42


42 is a bit of a tough age.

 

You’re right in the middle of things. 

 

You’ve probably still got some kids at home but you’re on your way to becoming an empty nester. 

 

You’re at the midpoint of your career. 

 

You’re also right at the beginning of the time frame when most people have a midlife crisis.

 

All of this makes being 42 an interesting season of life. Today, I want to give you some practical tips on how to navigate it.

 

Specifically, I want to teach you what to do with your money when you’re 42.

 

As I shared last week, we’re in turbulent times right now. Whether you’re 22, 42, or 62, the market affects you. When it’s a crazy market like today’s, you need to get a handle on your finances or you’ll be pulled down with it.

 

Tune in to learn just how to do this when you’re in your forties.

 

In this episode, you will hear:

  • The core four of your finances.
  • Who your worst business partner ever is.
  • Why it’s so important to know where your cash is going.
  • How to max out your 401k as a W2 employee.
  • How to save on taxes with a side hustle.
  • How to coordinate all of your legal documents.
  • Risk management action steps.
  • Bear market = buyer’s market.
  • Investment opportunities in the current market.
  • How to set up an equity line of credit.

Subscribe and Review

Please share this podcast with your friends and family. Our beliefs really do drive our behavior and you are born for more.

Have you subscribed to my podcast? If the answer is no, I’d love for you to subscribe. Live Life Rich is full of stories of business, some behind the scenes, and freaking amazing guests.

If you’re feeling really generous, I’d love for you to give me a review over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps me out a ton!

Supporting Resources:

https://marissanehlsen.com 

Facebook: https://www.facebook.com/marissa.nehlsen

Instagram: https://www.instagram.com/marissanehlsen/

Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/

Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/

The E Myth by Michael E. Gerber: https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280

Get my “15 Ways to Create Cash in Your Business” download: https://15stepstofreedom.com

Join the Live Life Rich Community Facebook group: https://www.facebook.com/groups/liveliferich/

Subscribe

Leave a Comment