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How Much Money to Save at Every Age

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Manage episode 509109097 series 2975624
Content provided by Friends That Invest. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Friends That Invest or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This week, Sim breaks down exactly how much you should have saved at each decade to hit a comfortable retirement, from 1 to 2 months of expenses in your 20s to 1x your salary in your 30s, 3x in your 40s, 6x in your 50s, and 8x in your 60s on the way to 10x by age 67. She explains why these benchmarks work no matter your income and how lifestyle creep can derail progress if you are not careful. You will get simple, actionable steps like grabbing your employer match, automating weekly investments into broad index funds, and using separate accounts so you can stay consistent without overthinking it.

Watch the episode on Youtube here


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Sign up for the weekly Stock Market Tea newsletter

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'Til next week, team!



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

425 episodes

Artwork
iconShare
 
Manage episode 509109097 series 2975624
Content provided by Friends That Invest. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Friends That Invest or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This week, Sim breaks down exactly how much you should have saved at each decade to hit a comfortable retirement, from 1 to 2 months of expenses in your 20s to 1x your salary in your 30s, 3x in your 40s, 6x in your 50s, and 8x in your 60s on the way to 10x by age 67. She explains why these benchmarks work no matter your income and how lifestyle creep can derail progress if you are not careful. You will get simple, actionable steps like grabbing your employer match, automating weekly investments into broad index funds, and using separate accounts so you can stay consistent without overthinking it.

Watch the episode on Youtube here


For more Friends That Invest:

Sign up for the weekly Stock Market Tea newsletter

Instagram

TikTok

Twitter

Facebook

'Til next week, team!



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

425 episodes

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