So in today’s episode, we’re going to talk about reflection — what to review, what to evaluate, and how to think about your financial life heading into a new year. And then we’ll wrap up with the key year-end deadlines you need to know before the calendar flips.
Topics Discussed
- Why year-end is the ideal built-in checkpoint for reviewing income, savings behavior, and spending patterns.
- How your “financial footprint” forms.
- The three layers every dollar carries.
- How fast lifestyle standards rise relative to income, savings, and your long-term plan.
- Lifestyle fragility and what makes a financial ecosystem fragile vs. resilient.
- The emotional and behavioral side of spending.
- How to conduct a “satisfaction audit” that’s more revealing than traditional budgeting.
- The growing challenge of subscription creep, stealth recurring charges, and end-of-year renewal traps.
- Key year-end financial deadlines.
Resources Mentioned:
Tags:
ER docs, financial planning, lifestyle inflation, spending velocity, lifestyle creep, financial resilience, year-end deadlines, Roth conversions, charitable giving, 529 plans, tax-loss harvesting, FSA, estimated taxes, Medicare enrollment, RMDs, 401(k), ER physician finance
