4.6 • 2.8K Ratings
🗓️ 6 March 2024
⏱️ 25 minutes
🧾️ Download transcript
"I'm 33 years old and I recently hit a 25% savings rate. It felt good for a couple months, but now I’m contemplating continuing to bump my percentage with each raise. Am I approaching financial miser status?"
We'll walk you through that question and more in today's Q&A episode!
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0:00.0 | Here's a question. Does saving and investing over 25% make you a tightwad? |
0:05.2 | Brent, I am so excited because I love that we get to speak to the things that our |
0:17.6 | audience cares the most about. We want to help you do money better. That's why right now we have the team out in the |
0:24.5 | wings in the chat collecting your questions and we want to load you up. So with |
0:28.6 | that Creative Director Rebe I'm going to throw it over to you. Yep I've got a |
0:32.0 | good question to kick us off from Andrew. |
0:35.1 | It says, I'm 33 and I recently hit the 25% savings rate, |
0:39.6 | which is awesome. |
0:40.8 | He said it felt good for a couple months, but now I'm contemplating continuing to bump up my percentage with each raise. |
0:49.0 | Am I approaching Financial Me miser status? |
0:55.0 | Nope, next question. |
0:57.0 | Agree, Brian? |
0:59.0 | No, I look, okay, here's the thing Andrew. |
1:02.0 | First, congratulations, 25% is awesome, but I do want to make sure... |
1:07.0 | 25% at 33 is awesome. |
1:09.0 | Because we're even doing some content later that shows that we know it's aspirational for 20-somethings and even |
1:15.2 | for early 30s to reach 25% is pretty incredible. |
1:19.4 | But it all comes back to the why. |
1:21.9 | You know, begin with the end in mind, you know, this is why I always talk |
1:24.6 | about measuring twice. I'm throwing in everything I can at the kitchen sink the counter |
1:28.4 | you where I know you're probably going to disagree with me. But it is, but in all seriousness, part of the 25% rule is to |
1:36.7 | liberate you so you actually feel okay spending money too. And that's why I'm not |
... |
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