395: Develop a Financial Plan For Your Life Already by Sam of Financial Samurai

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 1 September 2017

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sam of Financial Samurai shares how and why to develop a financial plan for your life. Episode 395: Develop a Financial Plan For Your Life Already by Sam of Financial Samurai (Budgeting & Investing Plan). Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com. The original post is located here: https://www.financialsamurai.com/develop-a-financial-plan-for-your-life Please Rate & Review the Show! Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group! and Join the Ol' Family to get your Free Gifts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is Optimal Finance Daily, episode 395.
0:04.0	Develop a financial plan for your life already,
0:06.5	by Sam of Financial samurai.com.
0:09.0	And I am your host and narrator Dan, happy Friday to you
0:12.0	and the first day of September, if you can believe it.
0:15.1	We are here each weekday reading to you from some of the best personal finance blogs on the
0:19.2	planet, and we've been lucky enough lately to have sponsors to help keep this podcast running, but not today.
0:25.0	So I'm going to give you a little bit of a break from any kind of promotional stuff.
0:28.0	And let's get right to our post, as we optimize your life.
0:41.0	Develop a financial plan for your life already by Sam of Financial samurai.com. Do you have a financial plan?
0:43.0	Apparently most people don't according to an old friend who has spoken to thousands of retail banking clients over the past 15 years.
0:50.0	Not only has he spoken to thousands of people about their finances, he's also seen thousands of banking statements as well.
0:56.0	Frank is a regional branch manager for one of the largest banks in the world.
1:00.0	He says, quote,
1:02.0	Sam, the middle class are just living paycheck to paycheck.
1:05.0	They have no plan when it comes to their retirement.
1:07.0	So many of them are in their 40s and 50s with just $10,000 or less to their name.
1:12.0	All they do is come into the branch, ask what the latest CD rates are,
1:16.0	and move on if they aren't high enough.
1:17.7	They don't bother to invest or learn about other ways to make their money grow.
1:21.0	They just hope everything will be okay due to Social Security."
1:24.0	End quote.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.