Every year millions of Americans make resolutions, and every year those same Americans fall short of reaching their goals.
In the sixth article of this series, the Invest In You team once again asked readers and viewers to reveal their goals to fuel a commitment toward a healthier financial well-being in 2020. The response was overwhelming — and humbling.
Several themes emerged, including obtaining financial freedom, owning a business and saving for retirement. Below are some highlights from the respondents.
Shabab — Long Island City, New York:
"I am 29 years-old and had never saved a dime until last year. A part of me regrets that I didn't start earlier, but better late than never I say. I contribute daily, and on average, I invest about $700/month now. My goal is to be able to contribute the required amount to have at least $3 million by retirement. I am about to go to business school, so I know that my income will definitely rise. The only piece of advice I will give to anyone else on this journey: Get started yesterday. Start small and scale to your limit. Once you get started, the amounts will work out according to your goals."
Steve — Columbus, Ohio:
"After spending a few years paying down debt after college, I'm finally debt-free and looking to grow my net worth. I already have a decent start on retirement and a high income for my age. I pledge to start saving more to increase future flexibility and freedom — buy a house, start a business, and/or retire early."
Kamil — Coventry, Connecticut:
"As a 21-year-old, I've always been spending money on unnecessary things. I acquired debt, and now I'm finally debt free. I pledge to be more self-conscious about my spending habits and to invest my money. Hopefully soon I'll be able to see the numbers get bigger and bigger in my account!"
Tita — Schererville, Indiana:
"I am invested in paying off my credit card debt in 2020."
Angelica — Watsonville, California:
"I pledge to get invested! I am 33 years-old and I don't have much saved. I am ready to start now."
Corey — Charlotte, North Carolina:
"I'm invested in eliminating my student loan debt so that I can become a humanitarian and philanthropist for healthy families around the world. As a child who has lost a mother and father to health complications, I want to do my part in helping families strengthen their financial and nutritional health."
Nigel — Lake Jackson, Texas:
"We are empty nesters and I have followed the basic principles of investing since I was 21. It works! We are down to the last six to eight years of our working lives and then we will start the retirement process. We pledge to save for our grandbabies and vacations now!"
Mary — Pekin, Illinois:
"I moved into low-income housing after selling my house in June 2019. Since then, I've paid off the debt on my car, cards and friends. I opened a Roth account and another account to increase my funds for my old age. Since my first stock purchase, my accounts have grown greatly! I never had any extra money to do such things before. Now, I wish I'd started sooner. Every person should know how to increase their money. I am all in – totally INVESTED! I pledge to learn more and wish to be truly knowledgeable."
Kieran — Kerhonkson, New York:
"I want to stop the cycle of only making ends meet. I pledge to find the plan that will lead me to saving and investing more so I can retire early and live a full life."
Ayana — Clermont, Florida:
"I am a single mom of two looking to further my education by earning a doctoral degree. I pledge to get invested so I can secure my and my children's college funds without having to worry about student loans."
Have you taken the pledge yet? Make 2020 the year to get INVESTED.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.