Episode 65: Financial Planning Basics
KPC Smart Money
English - July 29, 2021 10:00 - 14 minutes - 20.1 MBInvesting Business Management financial investing investments management safety stockmarket advisor annuities annuity finance Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 64: Investment Philosophy 101
Next Episode: Episode 66: ROTH Conversions & Biden Tax Increases
When making a financial plan, we like to compare it to building a house. That is why we call our financial plans the Retirement Blueprint. In this week's show we will talk about some of the components of a solid written retirement plan.
Takeaways:
EVERYTHING starts with a good plan, that will change over time 80/10/10 rule - Set aside 10% of your monthly income for God/charity, 10% to savings, and then the remaining 80% on your monthly needs Good debt vs bad debt Live within your means