Culture

5 ways to set financial goals you can keep

Presented by a RALtoday Partner

Richardson Private Wealth Advisors begin with what’s most important to you — from goals like retirement, education, or a major purchase like a second home. | Photo by RALtoday

The start of a new year can be invigorating, motivating, and hopeful. If you’re like us, you may be feeling motivated to take a fresh look at your finances and focus on future goals... until March rolls around, that is, and we’ve already reverted back to our old spending habits.

Suffice it to say, we’ve definitely fallen victim to overzealous goal-setting. This year, Richardson Private Wealth Advisors is helping us (and our readers) out by outlining five steps to staying motivated + setting attainable goals for 2023 and beyond.

1. Be specific and realistic

Setting aspirational goals (think: living the life you want in retirement or taking a coast-to-coast road trip) is exciting and can be a great place to start. But broad goals can quickly become overwhelming — tangible ones help you stay on track. The best way to make your dreams a reality is to break each goal into small, specific tasks that are realistic to accomplish this year.

2. Prioritize

Pick one or two goals, and tailor your savings, time + resources accordingly. If you have competing priorities (read: saving for your child’s education and retirement), create a plan that will help you make measurable progress toward both. Remember, incremental changes and savings made over time can make a big difference in the long run.

The team at Richardson Private Wealth Advisors sit around a couch. — Need help setting attainable financial goals for 2023? Attend a seminar, download a white paper, or request a complimentary consultation with the team at Richardson Private Wealth Advisors.

3. Set deadlines

Without target dates in mind, goals tend to drift. As you set deadlines for each task, consider adding a reminder on your calendar to keep the goal a priority throughout the year. If you fall short of what you want to accomplish, don’t give up. Adjust your dates and get back on track.

4. Enlist family support

If you’re married or in a committed relationship, involve your spouse or partner in financial goal setting. If your goal is a family affair, consider including your children in the process — they can benefit from watching you make smart financial choices. With everyone on the same page, you can support one another and overcome obstacles together.

5. Work with a professional

Share your goals with your financial advisor, tax professional, or estate planner as appropriate. These specialists may be able to suggest additional strategies to help you reach your goals while being mindful of your other financial priorities.*

START GOAL SETTING, RALEIGH

This content was created in partnership with Richardson Private Wealth Advisors and written by Garcelle Vierra Erdie.*

What’s your top financial goal for 2023?

Saving for retirement 🏦
Paying off debt 💳
Saving for a home or a child’s education 🎓
Investing wisely 📈

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Friday, Jan. 27

Creative Mornings RDU | Friday, Jan. 27 | 8:30-10 a.m. | 21c Museum Hotel, 111 Corcoran St., Durham | Free | This month’s lecture theme is Sanctuary with Erin Ehmke, the director of research at the Duke Lemur Center.

Saturday, Jan. 28

22nd Annual African American Cultural Celebration | Saturday, Jan. 28 | 10:30 a.m.-4:30 p.m. | NC Museum of History, 5 E. Edenton St., Raleigh | Free | Learn about the past and present contributions of African Americans to NC’s history and culture through presentations, demonstrations, and music.
Be Our Guest: A Disney DJ Night | Saturday, Jan. 28 | 9 p.m. | The Ritz, 2820 Industrial Dr., Raleigh | $20-$70 | Dance and sing along to Disney throwbacks from the ‘90s and ‘00s; this event is for ages 18+.

Sunday, Jan. 29

GLOW Fitness Open House | Sunday, Jan. 29 | 9:30 a.m.-12:30 p.m. | GLOW Fitness, 1924 Wake Forest Rd., Raleigh | Free | Check out the studio and try one free class during this open house — Mad Pita will be in the parking lot for post class snacks.
State of Beer Anniversary Party | Sunday, Jan. 29 | 12-5 p.m. | State of Beer, 401 Hillsborough St., Raleigh | Free | Celebrate the bottle shop’s 8th anniversary with Oak City Soul and sip on an exclusive new brew, Bananas Foster Pastry Stout.

We have a calendar filled with events and activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.

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Cause

The Women’s Center is moving to a larger, permanent location at the end of February. The nonprofit is in need of packing supplies and extra support leading up to its move. View the center’s urgent needs. Note: All clothing, hygiene, and household donations have been temporarily suspended until March.

Try This

This ones for the Swifties. Grab some friends and polish up real nice for The Taylor Party at The Ritz on Friday, April 7. Tickets go on sale today at 10 a.m. 🎶

Travel

RDU has launched a new identity verification technology. CLEAR biometric security lanes provide a quicker security process, offering flyers a way to verify their identity with their eyes or fingers, replacing the need to show a license. The opt-in membership costs approximately $16 a month. ✈️

Watch

Wake County Public Libraries launched a virtual five-part series for travelers and adventurers alike to learn how to pack, plan, fly, and photograph. The first session of the Travel Smart program is on Feb. 22 with travel writer Rick Steves.

Plan Ahead

Mario Kart, Pokemon, and Yu-Gi-Oh galore... the Raleigh Retro Gamers are hosting a free Summer Expo Pop-Up Market at Moore Square on June 17. There will be 50+ vendors offering retro and modern games and merchandise to play and purchase. 🕹️

Concert

Alt-indie band Young the Giant is coming to Red Hat Amphitheater with Milky Chance and Rosa Linn on July 16. Tickets go on sale next Friday, Feb. 3.

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Raleigh Iron Works’ past and present

The history of Raleigh Iron Works

A side-by-side comparison of Raleigh Iron Works then and now.

Raleigh Iron Works has incorporated some of the original steel beams. | State Archives of NC (left), RALtoday (right)

Raleigh Iron Works is coming along on East Whitaker Mill Road. Its two main buildings are hard to miss with their industrial-style designs, built with original steel dating back 100+ years.

In the 1950s, the site housed the Peden Steel Company plant. The business was called Raleigh Iron Works until James M. Peden purchased the bankrupt steel division in 1931. Peden Steel assisted in building many structures that still stand in Raleigh today, like Bragaw Hall at NC State.

Peden took apart and moved the original steel Bow Truss building, built in the 1800s, from downtown to its current location. This is where munitions during World War I and World War II barges were produced. As a community-oriented Raleighite, Peden was inducted into the Raleigh Hall of Fame in 2010.

Though the renovated buildings now feature modern elements like a second-floor slide, some of the original beams and structures found on the property were preserved and made into centerpieces of the designs.

Curious about another building’s history? Send us a tip and we’ll look into it.

THE WRAP

Today’s issue was written by Cat.

Editor’s pick: Happy Friday, Raleigh. Last night, Anne and I enjoyed a coeditor date at David’s Dumplings and Noodle Bar. Try this: Edamame and mushroom dumplings and the pad Thai rice noodles. 🥟

Missed yesterday’s newsletter? Dive in to the top industries and employers in the Raleigh area.

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Editorial: Cat George, Anne Tate, Erin McPherson, Emily Shea, Jessalin Heins-Nagamoto, Dayten Rose, Sarah Leonhardt, Katie Smith | Send us a scoop, question, or feedback.

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