18. Choose Your Next Goal, Financial Security Step 10

Balanced FI Podcast

English - September 07, 2021 06:00 - 21 minutes - 20 MB - ★★★★★ - 2 ratings
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Previous Episode: 17. Increase Retirement Contributions, Financial Security Step 9

Next Episode: 19. 3 Ways to Use Meal Planning to Save Money

Welcome to the Balanced FI Podcast, episode 18! Thank you so much for listening in!

Step 10 of the Financial Security Steps is to Choose Your Next Goal.

Increasing your emergency fundSaving for collegePaying off the mortgageMaxing out retirement contributionsSaving for other big purchasesPursuing financial independence

You choose your next goal, you choose how to get there.

RESOURCES:

Read: Financial Security Step 10: Choose Your Next Financial Goal

Read: Financial Security Step 7: Pay off Debt

Read: Financial Security Step 8: Save an Emergency Fund

Read: Financial Security Step 9: Increase Retirement Contributions

Read: Financial Security Step 3: Save for Recurring Expenses

Resource: Early Mortgage Payoff Calculator

Resource: R: IQ Retirement Planner

Read: Financial Independence vs Financial Security

SOURCES:

Source: Tax-Smart Ways to Help Your Kids or Grandkids Pay for College

Source: What is a 529 Plan?

Source: 529 ABLE Accounts

Source: How to Become Financially Independent

Source: The Ultimate Guide to the FIRE Movement