Roadmap to Financial Success - Where to start in your personal finance journey

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0:19 The inspiration to the roadmap and introduction
4:16 Phase 1: 60/20/20 budgeting rule
11:55 Phase 1: Ensure adequate insurance
15:40 Phase 2: Contribute up to full employer match and payoff any debt with greater than 7% interest
22:15 Phase 2: Build 3-12 months of emergency funds
29:11 Phase 2: Contribute to Roth IRA
35:18 Phase 2: Save for mid and long-term goals
40:07 Phase 2: Contribute maximum to employer plan
48:45 Phase 3: Initiate an investment portfolio glide path
55:40 Phase 3: Employ tax and withdrawal efficient actions

This video lays out a roadmap to financial success. This guide is meant to balance simplicity with usefulness and should only act as a starting point on your financial journey.

Sierra Hotel Financial, LLC (“SHF”) is a fee-only Registered Investment Advisor. This video and its accompanying materials are provided strictly for educational and informational purposes. Nothing herein should be interpreted as personalized investment advice, tax advice, legal advice, or an offer to buy or sell any financial product. Viewers should consult with a qualified professional before making any financial decisions tailored to their specific situation.

All investments carry risk, including the risk of loss. Past performance, historical data, or market commentary do not guarantee future results. Opinions expressed represent SHF’s views as of the recording date and may change without notice. While efforts are made to ensure accuracy, SHF does not warrant the completeness or reliability of any information presented.

SHF provides advisory services only to clients in states where it is appropriately registered or exempt from registration. For a full description of services, fee schedule, and regulatory disclosures, please refer to our Form ADV Part 2A & 2B available upon request.