Rich and Marcus recorded this weeks episode at #Fincon19, with their friends Julien and Kiersten of Rich & Regular. Fincon is a yearly conference aimed at helping financial influencers and brands create better content, reach their audience, and make more money. Julien and Kiersten are part of the FIRE movement (Financial Independence / Retire Early) and on today’s episode, they discuss bridging money gaps with your partner, being obsessed with saving and setting unique financial goals based on the desired lifestyle you want. They prove with the right mindset, focus, and budget you can strive to FIRE also. Yes, even with kids.

Highlights:

  • The problem with using a credit card with no intention of paying off the purchase
  • Super Saving – when 50 percent of your income is saved and invested
  • Investing in taxable accounts that you can access before your 60’s
  • Sticking to financial goals with the added expense of having children
  • There’s no financial plan for the “average individual” because everyone’s life is different
  • Focusing on increasing income vs. focusing on cutting down on expenses

Key Takeaway: There is no one way to start saving and investing. You need to come up with a plan that fits your income, your goals, and your lifestyle.

Mentioned on This Week’s Show

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