Coronavirus: Contributing Too Much?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 29 June 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

When you're young and basically just starting to navigate your financial path, is there such a thing as saving too much? Like most things in personal finance, it depends. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Coronavirus Market Update. It is Monday, June 29th.
0:11.6	It is going to be a short week this week.
0:14.6	Hooray, maybe not for you, but Independence Day is celebrated on this Friday.
0:21.6	Markets are closed.
0:23.0	Also, weirdly, but very exciting for me,
0:27.0	the jobs report, the monthly jobs report,
0:29.0	it's not going to be coming out on Friday,
0:31.0	it's going to be coming out on Thursday. And you know what,
0:34.0	ladies and gentlemen, I'm going to put some of these shows in the can for the weekend.
0:38.0	I am totally taking off next weekend. Mark and I are going to have a long weekend.
0:42.0	Mark, are you going to plan on going away and going seeing your parents next weekend?
0:46.0	So Mark's going to be heading out of New York City for the first time in four months?
0:52.0	Is that right, Mark mark wait a minute is that possible
0:55.4	Mark has is not gone away taken time off since November since
1:01.4	since Thanksgiving he is going to head out of the city, wish him luck,
1:06.4	but if you have a financial question, we'd love to hear from you.
1:10.4	Our email address is Ask Jill at Jill on Money.com.
1:17.0	James writes, I've spent a large portion of my late 20s and early 30s saving aggressively. My yearly income is 30 grand. My monthly expenses are about
1:30.1	a thousand dollars including rent. I have no debt, $3,000 in savings, and you ready for this, ladies and
1:38.9	gentlemen, $56,000 in retirement.
1:43.6	Oh my God, this guy's awesome.
1:45.7	Okay, James says I've overcome my earlier mistakes
	...

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