However, according to Michael Fiammetta, financial advisor at 4 Generations Wealth Management, the best thing one can do this year is the same thing he or she can and should be doing every year: master the basics. Not only will this enhance your credit score, but each payment you make gets you closer to financial freedom and other money milestones, letting you focus on building wealth instead of paying interest, stated Fiammetta. Understanding how money works not only empowers you to make better financial decisions but also opens your eyes to a wide variety of money-making strategies and money-wasting pitfalls.