How to Financially Thrive in 2025

Here’s how to make sure you financially thrive in 2025. I'll give you three things to do and start this year so next year you’re thriving and not just surviving. But, first, why is this important? Economists are suggesting we will experience a recession. Here's why:

Interest Rates

The federal reserve has significantly raised interest rates to combat inflation since 2022. Rate hikes caused borrowing costs to reach their highest levels in over two decades. As a result, we're seeing rising delinquencies on loans and slowing economic activity. This could eventually push the U.S. economy into a recession by 2025 as consumers and businesses reduce spending and investment​

Low Consumer Savings

Americans are not only saving less, but they've depleted the excess savings that they've accumulated during the pandemic. This means they will be spending less.

Corporate Profit Declines

Corporate earnings are expected to drop, which could result in a significant stock market downturn. Analysts predict that the S&P 500, could plunge by up to 26% during a recession​.

All this means that we can expect a recession to come, but that doesn’t mean that you have to lose all your savings. 

Protect Your Money

My first recommendation is to protect the money you’re able to protect. 

Do you have any 401ks from any previous jobs sitting there? Now is the time to roll them over into guaranteed accounts where you can get gains, with zero losses. If you have a current 401k with your job and are over the age of 59.5, you will have access to roll over that 401k as well. 

If you are over funding your 401k especially if you’re funding beyond what your job is matching you, you may want to consider instead a financial strategy that can not only protect that money from loss, but also get you tax-free income. 

Protect Your Family & Diversify Assets. 

During a recession or economic downturns, the last thing any family needs is to experience an unexpected disability or god forbid, a family member walking out of life then leaving their family behind in financial ruin. The solution is life insurance. In the next section I'll discuss permanent life insurance.

A permanent life insurance policy builds cash value that can be taken out income-tax free, which means you’re diversifying your assets. 

Download your free financial blueprint so you can get a full picture of how you’re currently diversified. Is the majority of your money in tax now and tax later buckets? Do you need more money in the tax never category? 

Reach out to me so i can run some quotes for you and see what you qualify for. 

Make or Save More Money

You can either save towards an emergency fund, which would mean to cut down on your expenses, or you can make more money. The best way I found to generate another stream of income that requires a low cost initial investment and will generate unlimited income, is to do what I do. Get your life insurance license. I’ve been selling life insurance and annuities since 2015. Within 6 months I was building my business full time. My business thrived during the pandemic, historically annuity sales and life insurance industry in general thrives during economic downturns as well as upturns. It’s truly an evergreen industry.  

I was widowed in 2021 and my husband and i properly financially planned. Of course we never expected either one of us to die so young. We had just started building a family. Our twins were 11.5 months old when my husband, their father, passed away while we were in a company trip in Hawaii. So i know first hand the importance of proper financial planning and the value of what we do for families. 

I can help you get your license and train you so you can start helping other families get financially ahead which will help you and your family thrive in 2025.