11.02.21 Why FI (Financial Independence)? - Funding Retirement / Debit Disaster.

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 2 November 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Americans are living longer. At the same time, we want to retire earlier. Clark wisdom for those ages 20 to 45 about what it takes to be FI (Financially Independent) in the back third of life. // An outrageous grocery charge you have to hear to believe - and how to protect your wallet from this kind of banking trainwreck. Ask Clark topics include: How Does Airbnb Work for Hosts? / How to Buy a Used Car / Clark.com - CELL PHONES / 31 Items To Pack in Your Financial Emergency Kit \\ Want more money advice? Sign up for Clark’s free daily newsletter! Free Advice: Clark's Consumer Action Center Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	It's my pleasure to welcome you to the Clark Howard Show.
0:08.6	Our mission is serving and powering you so you make better financial decisions in your
0:14.1	life.
0:15.1	Americans are planning to retire earlier and earlier and earlier and there's a new trend
0:22.4	that can actually help you get there.
0:26.4	Later in this episode, there's an outrageous grocery charge you have to hear to believe.
0:35.1	So Americans are living generally longer than we ever have before.
0:44.1	We've had a two-year decline in life spans in the United States as a result of coronavirus,
0:51.8	but that is thankfully going to be a temporary effect.
0:55.7	The general thing is when you get into later life, your expected lifespan is so much longer
1:06.4	than it used to be.
1:07.4	You think about how many people are living past 100 now and very common to live into your
1:14.8	90s.
1:16.1	At the same time, Americans want to retire earlier and earlier and earlier.
1:24.2	So what's the chance that you would retire before age 62?
1:36.8	Before age 62?
1:37.8	I mean, it's getting to where it might be 50-50.
1:43.1	But here's the issue.
1:44.6	A lot of times, people end up, quote-unquote, retired younger because of age discrimination
1:55.0	in the workforce.
1:57.3	Employers is really a dirty secret.
2:01.0	There's not much of a secret.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.