Jamie currently lives at home and dreams of reaching financial freedom by her early 30s. How can she take advantage of her low expenses to accelerate her wealth building?
An anonymous caller has enough to retire in 5 years. Does she still need her financial advisor or is it time to do it on her own?
Meghan is a personal finance enthusiast who wants to start a coaching side hustle. What’s the best way to get started?
Former financial planner Joe Saul-Sehy and I tackle these five questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
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Here are the details:
Jamie asks (at 01:26 minutes): I’m 28 years old, debt-free and make $74,000. I live at home, so my only bills are my phone and a gym membership.
I have a $4,500 emergency fund and I also invest in my 401k.
My dream is to reach financial freedom by age 32. Should I start investing in mutual funds? What is your advice for someone in my position?
Anonymous asks (at 20:46 minutes): I’m 5 years away from retirement. Is it time to simplify and manage my own investments?
I’m 60 with $2 million in retirement, a $300,000 mortgage, and kids who are independent adults.
I like my advisor, but I pay hefty fees every year. Why shouldn’t I put my investments in a Fidelity S&P 500 and let it grow?
Meghan asks (at 46:30 minutes): I love personal finance and want to start a small business to coach others about the subject.
There are so many resources available. I’m not sure where to begin.
My questions and concerns are:
- How do I weed out the noise and develop my philosophy on money?
- Do I need to take a course or acquire a license?
- How do I legitimize myself?
- What do I need to do to tackle my own childhood money trauma and remain objective for my clients?
I trust Afford Anything’s overall philosophy on money management and I’m looking for your advice on the best next steps to take.
Resources Mentioned:
Four Unhealthy Attitudes Towards Money – with Dr. Brad Klontz | Podcast
How to Build Financial Resilience, with Dr. Brad Klontz | Podcast
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