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Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

How Much "Safe" Money Do You Need At All Times?

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

Ari Taublieb, CFP®, MBA

Retirement Planning, Save On Taxes, Careers, Personal Finance, Retirement, How To Retire, Business, Real Estate Investing, Investing, Stock Investing, Early Retirement, Entrepreneurship

4.7585 Ratings

🗓️ 28 November 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

In today's episode of the Early Retirement Podcast, Ari discusses how much "safe" money you need. Questions answered: How much of an emergency fund do you need?What are the most important things to consider when thinking about retirement planning?What is the best strategy to retire early?Ari Taublieb, MBA is the Vice President of Root Financial Partners and a Fiduciary Financial Planner specializing in helping clients navigate the nuances of an early retirement (non-traditional retirem...

Transcript

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0:00.0

A very warm welcome to the early retirement show, the show dedicated to helping you navigate

0:05.3

the nuances of an early retirement, a non-traditional retirement. Now, let's get right into the

0:11.4

episode so we can learn how to retire early. Welcome back to the early retirement podcast. I'm

0:16.2

your host, R.E. Taoblieb, and today's episode is reframing the way you view safe money. Now, the emergency fund

0:23.2

is a phrase you've probably heard of before, which is, how do I make sure I have money on the side

0:27.9

in case anything happens? Well, I'm going to reframe the way that you view that and also

0:32.5

invite you to think a little bit differently when it comes to what is safe money and how do we

0:37.2

make sure that our money

0:38.2

one is really working as hard as possible but two is that it it really changes based on your

0:44.4

situation and i don't love the phrase of it depends because yes it does depend but sometimes

0:49.7

stopping at it depends causes people to go okay well if it depends then why even look into? And the reason we look into this is because odds are, if you're listening to this podcast, you are already on track in the sense of, hey, you're on top of it. You're thinking about retirement. You're thinking about an early retirement. You're thinking about how can I get ahead? And what I tell people is you're probably fine, but you don't want to reach out in terms of

1:12.3

listening to this podcast or reaching out to work with a planner or reaching out to YouTube

1:16.5

videos or whatever it is of your source of education. You're not reaching out because you want

1:21.6

fine. You're reaching out because you want to optimize what it is you work so hard for.

1:26.1

And that's what I love helping to do. So I'm going to be

1:29.0

talking about how to think about this a little differently today, and my hope is that it's helpful.

1:34.2

And if any of these episodes have been helpful, I do kindly ask that you do rate and review the show.

1:39.1

I don't put any ads on these episodes because I don't want you to get interrupted. I want to make

1:43.4

sure that you can

1:44.4

continue to receive this content without those interruptions. And I hope above all else that if you

1:49.4

learn anything from this, it's really how you can maximize your return on your life. It's simply

1:54.8

money that we use to do that. At the end of the day, money is just a tool. It's not money that we

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