3-2-1: The Four Agreements // Tax Season 2024 // Budgeting Guide

Estimated Read time: 3 mins 17 secs

Hey, I’m Janet! I started Doing Well because I have felt the shame and overwhelm that comes with navigating personal finances on your own. We are here to empower you through monthly bookkeeping and personal 1x1 coaching so you can have the confidence and peace of mind to live your best life.

1/ The Four Agreements by Don Miguel Ruiz, 1997
NYT Best Seller, 15M+ copies sold, 112K+ Amazon reviews (4.7/5⭐), published in 52 languages worldwide. [Source]

4 life practices to help you gain personal freedom:

1. Be Impeccable with Your Word - words carry power and can shape reality, use your words to promote love and growth

2. Don’t Take Anything Personally - this can prevent unnecessary suffering caused by misinterpreting others’ actions as personal attacks

3. Don’t Make Assumptions - seek clarity through questions and communicate clearly to avoid misunderstandings

4. Always Do Your Best - be present and give your all while acknowledging that your “best” can vary

2/ Tax Season 2024: Key Deadlines, Updates, and Tips for a Stress-Free Filing
Am I eligible for tax refunds? Can I ask for an extension to file taxes? What tax deductions am I eligible for? In this video, I answer everything you need to know about tax filing as a beginner. [Read the blog]

3/ Budgeting Guide
Let's explore the spending categories you should establish today to manage your finances better and move closer to your financial goals. [Source]

// 2 questions //

1/ Question: I just realized I am being charged 5% on every investment I make into my Roth IRA. Is this normal?

Answer: So a couple of different things could be happening. 1) You're investing in a share mutual fund. These were meant for people who would hold those positions for a long time with the idea that the fees would be lower as time goes on. Now that a lot of securities have low fees, A shares are not the way to go. 2) The platform you're using is charging this on their end (which is not normal with large companies). If this is the case, I'd look at another company.

2/ Question: What are effective investment or savings strategies for setting aside approximately $1-2k per month over the next 5-10 years with a specific goal in mind?

Answer: You could do a few different things. I would diversify into a HYSA and the market. You're 100% right with HYSA rates not lasting. I'd be surprised if they stay where they're at for another year. But you can take advantage of it now by putting some of the monthly deposits into that. Then I'd put the rest into the market in a brokerage account. There's enough of a time frame where taking that risk is okay (just don't invest in penny stocks or crypto). This also gives the flexibility to contribute as much as you want and withdraw whenever!

Any questions? Email us at [email protected] or book a coaching session.

// 1 smile //

Doing Well is here to be your partner in financial management and put you on a steady path to personal financial success. 

• Build a solid financial plan and budget based on your personal needs
• Categorize and organize your expenses to be CPA-ready
• Provide clarity into your credit, spending and debt situation
• Conduct audits of your insurance coverage and retirement plan
• Recurring live coaching calls and ongoing support tailored to you

We want you to start Doing Well so that you can focus on living your best life.

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