My 2024 Money Goals | 401(k), Net worth, Income, Savings

[@Tashas_Travels]

My 2024 goals 1 . Save my $1000 emergency fund (i have saved $600, so shy of $400 ). 2. Travel locally and internationally (traveling back to my home country, which is Zambia, for a holiday in the winter in June) 3- Pay off debt -$860 (owe my mom) 4- Save - $500 for my sinking fund That's it for the year, i don't want to overwhelm myself with goals that I'll fail to achieve and get disappointed. So whenever i achieve 1 of these 4 main goals, then I'll add 1 more goal to the list.

[@yolkir.]

My main financial goal for 2024 is paying off student loan debt while also having a low buy year!

[@user-vg8mg6ju2c]

“Low buy” I like that 😊

[@escapemymind53]

You deserve even more than 100k subscribers! Hoping 2024 fulfills all your goals. Early in 2024 I will be consumer debt-free, then am going to go all out to pay off my student loans & bulk up my emergency savings. Thank you for sharing your journey with us; you are truly an inspiration!

[@PersonalFinancewithLeila]

Thank you so much! Keep us updated on your progress!

[@brittanirowe2180]

I feel like you're a year ahead of me for all of my financial goals and it's motivating to see where I could be by next year if I stick to my current plan! Thank you for sharing this content

[@jjred233]

If you going for max 401k then max out Roth IRA first always. I been doing that for 23 years. It pays off over time.

[@KatieoftheHouse]

Fellow nerd who’s been working on 2024 goals for all of 2023 basically 🙋🏼‍♀️😂 I love your business income goal! I think you can do that. I’m excited to follow along as watch you knock out all of these goals!

[@glowyourconfidence8116]

Travel is one of my favorites!! We budget $11k per year, plus take loads of advantages of points (airfare, hotels are the main ones we love to use). In 2024, we are heading to Europe, specifically Norway and a couple other countries we haven’t finalized. A couple trips to MN (we live in AZ), Cali trip and probably a Vegas or Florida trip! I tend to go to 5-9 places a year!

[@glowyourconfidence8116]

Other goals we have: Emergency fund: $30k (think we just need a little over $4k to get there) Save $8k in car fund (would like a new car maybe in 2026 or 2027 so want to have that fully saved) Save/cash flow: $18k for house renovation projections $3k for self care stuff (massages, IVs, etc) Increase 401k by 2% (currently at 15% and 9% plus company match) And finally overall have a bit more disposable income and remain debt free!

[@msjaejontelle]

I too am saving up for an international sabbatical in 2025 so 18 months to save and plan as well. We definitely have similar goals so watching you has been encouraging and motivating. Thanks

[@katresealexander1311]

Financial goal setting is one of my favorite topics as well.

[@AlexanderTtl]

Hope you accomplish your goals 💯🤙🏼. Stumbled across your channel and sending you blessings for 2024 🔥🔥

[@PersonalFinancewithLeila]

Thank you so much!!

[@Daniel-iy4zy]

I’ve been watching these for four years straight omg 😭😭 I didn’t realize until I read the video description

[@Daniel-iy4zy]

This is the first year I have enough extra money to have goals that aren’t “stay out of debt each month” so I’ll be sure to set some goals for 2024 soon!

[@CH-bi8tl]

My only goal for 2024 is a low buy year. I want my annual spend between 25k and 30k. A good chunk of that is property tax, home insurance, health insurance deductible, and bills. So being really intentional with what i choose to buy and being frugal. When i run the numbers on absolute needs plus a buffer for maintenance for the house and car, it's enough to still have a bit of fun. Very little wants allocated in my 2024 budget and honestly i think it'll be good. I really want to work through items i already own. I really also want to challenge myself because lifestyle creep just started happening and i need to nip that asap. 😅

[@belloves2laugh]

Love these videos! I prioritize travel/experiences as well and have a sinking fund for that. Hoping to do Azores/Valencia and Korea next year! Hoping to save another 30% of net pay next year

[@PersonalFinancewithLeila]

How exciting! Great goal!

[@haileyreign]

For the algorithm ❤🎉 Love your 2024 goals! Aside from building my emergency fund, I'd like to commit more to experiences! I'm not the biggest extrovert but i would like to do more with friends & family. The biggest struggle is actually leaving the house. 😅

[@habeshasister11]

Literally was just making my money goals for 2024 & said let me see if Leila has made any ❤️

[@kathryntrammell515]

So inspring! Our financial goals are to increase our 529 contributions, save $5k for house renovations, and give more to charity!

[@sabahatnaheed1435]

wow your skin is looking good. you are glowing girl! any advice?

[@ImaniLove94]

Here for the laser! Set my goals with you today, thanks as always!

[@kristine_budgets_and_bujos]

I want to do all the things! 😅 I’m planning to max out my 403b (also a first for me). I still need to max out my Roth IRA for 2023, then will tackle 2024. Those are my main ones. In the meantime I do have debt I’m trying to pay off, an emergency fund I want to double, and an overseas trip (2025) to save for.

[@iPheek]

I checked my 401k contribution and I don’t know why, but I have it at 13% 😮 I think my company matches 6%. It’s been like this for 6 years with my recent company.

[@tenshinowingusu]

A lot of 401k programs have this option that every year they can auto increase your contribution for you. When you're young, you don't have as much disposable income, so you contribute less to build savings, but the hope is as you get older, you contribute more, and at a certain point, ideally, even if you're contributing a large %, you just hit the max sooner, so you get bigger paychecks later on in the year.

[@ayasarsour2860]

Thank you very much 😊

[@StarletOfDavid]

Mine are to save for my sons drivers license (it’s 3 to 4 grand in my country), I will save another 5 k in my ETFs, pay off 600€ in consumer debt, have 1,500€ in my dogs emergency vet fund and always have a 1,000€ saved for my next vacation after any given vacation (3 to 4 a year).

[@freedominabudget]

Awesome goals! You got this!!

[@AG-so4gl]

Good job. I hit 1 mill net worth just recently, mostly thanks to equity in property and crypto 😊. They say the first 100k is the hardest. Wish you well

[@PersonalFinancewithLeila]

Congrats!! That's so exciting! And thank you!

[@belengauto3801]

Thanks Leila, you're always an inspiration. My 2023 was financially hard because my second child was born and after maternity leave I hired a full-time nanny and ouch! 😅 But I already knew it and was prepared, it's just I can't save as much money as I was used to. I think that my 2024 will practically be the same. I love your work ❤

[@Chippasunshineblog]

My main financial goal is to continue to pay off my student loans. I have 6 left, some of which are pretty sizable.

[@WalkingandTalkingAussieGirl]

In Australia its compulsory for all employers to pay 401k (we call it superannuation), surprised you had an employer that didn't contribute previously

[@PersonalFinancewithLeila]

Yeah it's not required here for companies to even offer retirement benefits!

[@WalkingandTalkingAussieGirl]

that's a shame, looks like it needs to be raised with unions and regulators as a possible idea, it works better in the long run as then retirees don't have to rely on pensions etc so much and can put money back into the community@@PersonalFinancewithLeila

[@504Trader]

Just subscribe I hope u get that 100K soon

[@PersonalFinancewithLeila]

Thank you so much!

[@nellyalikyan]

Great goals! Although, I did laser hair removal for like 4 years and it didn’t really help. I would recommend electrolight. It’s more expensive but more worth it in my opinion (tho laser might work for you but I don’t really know anyone who has actually stopped growing hair from laser).

[@StarletOfDavid]

Can you make a video about the vacations you want to take.

[@DaltonsFriendswood]

Laser hair removal is one of the best things I have done.

[@catgodfrey6451]

My main 2024 goal is build emergency fund @ least 6 months. We also like traveling so that’s still very important to us. I wouldn’t have any goals if it wasn’t for you.😊. Do y’all do financial goal meetings together?

[@PersonalFinancewithLeila]

Thank you for sharing! Great goal! And no we don't lol, he's not even a fraction as interested in finances as I am 😆 he still invests/saves heavily but doesn't make a goal of it

[@funsizebeauty8858]

I have or rather had hyperhydrosis as well! It’s totally debilitating so I definitely understand. There’s actually a surgery you can have done called a thoracic sympathectomy that can cure it. My mom is from Peru and has a friend that’s a doctor so I had the surgery there and obviously it was a lot cheaper than in the states. I had it over 10 years ago and so far so good! My hands only sweat if it’s super hot out and even then they just get clammy. Love the video! You’ve inspired me a lot with my own financial plans! Good luck on the 100k subscribers! I just added 1 😄

[@PersonalFinancewithLeila]

Thank you for subscribing! My dad had the surgery to remove his sweat glands from his hands and he regrets it because now he sweats all over his body 😩

[@funsizebeauty8858]

@@PersonalFinancewithLeila oh wow! The surgery I had just puts a clip on the nerve that makes your hands sweat so it’s reversible if necessary. I did have some compensatory sweating at the beginning but not really anymore

[@danjas.599]

Yay for goals! :) So far I've only settled on a networth goal because the next year is a bit of a wild card for me in regards to where I'll be in six months (exciting and scary at the same time XD) Have you considered doing more sinking funds for your sabbatical like for car insurance and rent and other stuff that creeps up during the year once you finish out the ones you set goals for? Then you'd have a set amount to save for and would be able to cover your expenses if needed. I have that for my yearly bills - i save up a bit more than needed (inflation...) for all the invoices that will come in during the year so i can just pay for them whenever and not worry.

[@jessicaleibret8772]

Hi new to ur channel

[@cindygray2236]

I had laser done years ago for arms and sideburn area and I am very pale skin with dark hair. I was the perfect candidate. It's a bit of a jolt but I stuck it out. Others don't understand sometimes. When little honest children comment on your hairy arms it's an issue to me. I have PCOS as well.

[@budgetandbalance]

Leila, my question comes from a place of love and support, also curiosity. Do the Salesforce people pulling 6 figures work more hours? Just more time with the company? Just wondering. It's quite obvious you're more excited about your business. That's where your heart is.

[@markamark123]

2023 goal maxed out 401k, HSA & saved 100k in HYSA mixed with CD's. 2024 goal. Pay off the house early on Sept 2024. [7 years total out of a 30 year loan @ 4%]. 2024 goal. Take the wife to Cancun on December 2024.

[@zainabdookhy2480]

Does mint mobile work in Qatar

[@cactusflower8449]

did you layer your hair? so pretty 💕

[@PersonalFinancewithLeila]

Thank you! I shortened the front awhile ago but this is my natural hair so it probably looks different!

[@HoffmansHouse]

How do you determine your net worth?

[@PersonalFinancewithLeila]

I use Google Sheets!

[@EmsFitVenture]

For the 401k. Isn’t the max amount with the employer match? You can’t go over the total amount allowed so you’ll have to calculate their match with your input.

[@PersonalFinancewithLeila]

Nope it's $23K + employer match!

[@gwendolynantionette4337]

I believe there may be a total max amount, meaning your max of $23,000 plus your employer’s max contribution $46,000. I found this on the Fidelity website “The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions.” Your HR department or financial consultant should be able to verify this info for you.

[@autobotdiva9268]

Maxing out roth ira especially since student loan forgiven

[@amycolucci6769]

I did lazer hair temoval did like 10 treatments and still have hair😭

[@gold9ja]

My main financial goal is to save more into my emergency fund and max out my Roth IRA

[@kaylapippitt655]

Would it be possible to go on your boyfriend’s health insurance since you live together, and pay him the extra cost directly? COBRA coverage will cost way more than anything else so plan ahead! We paid almost $3K/month for our family of 3 on COBRA for a few months when we were waiting to get health insurance set up for our small business.

[@PersonalFinancewithLeila]

Unfortunately domestic partnership isn't in GA so we would have to be married for me to go on his and honestly his isn't great lol It's frustrating how it's set up but yeah definitely something I want figured out soon

[@NoParking121]

Something to keep in mind as youre earning more, you will soon reach the income limit for Roth IRA contributions.

[@PersonalFinancewithLeila]

It's actually very unlikely considering the standard deduction, maxing my 401k and business deductions!

[@amandarachel4520]

The Roth IRA income limits are based on adjusted gross income, so before the standard deduction. The business income that’s included would be net of expenses though

[@eliparker8472]

Isn't Cobra like $1k a month ?

[@PersonalFinancewithLeila]

Potentially! Lol it would probably be $700-$800 for me

[@topseekrit]

Just curious, why aren’t you pursuing a higher paying job?

[@PersonalFinancewithLeila]

I talk about this more in my first sabbatical video but, 1. I've tried 2. Job market is weird right now and not worth it 3. I don't expect lay offs at my company but can't say the same at other tech companies

[@stefflores]

Are you also gonna max out your 2025 Roth IRA?

[@tristengiroux9805]

Don’t use a 401k use something that isn’t taxable.

[@lee-13]

I would like to finally pay off this trifling debt 💸 all $13,579 of it…… I would like to build my EF/SF to $20,000. Finally, the last main priority is to put money in my brokerage account on a consistent (monthly) basis..

[@comfortlivingbysabrina6065]

🦋New Subscribers 🦋

[@HelenThornton-y8d]

If you going for max 401k then max out Roth IRA first always. I been doing that for 23 years. It pays off over time.