Why did the financial planner cross the road?
… Okay, fine. Humor writing isn’t my strong suit. But speaking of suits (how’s that for a transition?) —
Pete the Planner is my guest in today’s episode. This former comedian is now a financial planner, USA Today columnist, author of 10 books, and a guy who says he’s on a mission to make you a millionaire.
We talk about why millionaire-dom is important (hint: $1 million in a few decades won’t be as much as you think!) and spar over the best way to create it. (He’s in the “save more” camp; I’m on the “earn more” team.)
We also chat about creating a “mock retirement” — the idea of living like you’re retired before you pull the plug on your career. (That’s why I haven’t worked in weeks!)
Pete explains why checking your bank balance too often can be counterproductive. You may think you’re being responsible by checking your accounts, he says, but his habit might make you spend more.
He also describes the importance of tallying up the total number of purchases you make every week.
This is a lighthearted episode with plenty of actionable insight. Check it out!