How to Create Your Comprehensive Financial Independence Timeline

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 20 November 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Financial independence calculators allow us to understand the path we’re on—so we can either feel good about proceeding, or get on a different one. So, using the new features we added to the 2025 Wealth Planner, we’ll explore all the considerations that might impact your own projections—from temporary expenses you won’t need to support forever (like childcare) to future pension income that’ll lower your investment needs. 💰 JOIN THE 2025 WEALTH PLANNER WAITLIST FOR 25% OFF AT LAUNCH. Listening after the Wealth Planner launch? Use MWKSHOW for 10% off. Transcripts, show notes, production credits, and more can be found at: https://moneywithkatie.com/fi-timeline. Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you by Naked Wines. Tired of rolling the dice in the wine aisle. With naked
0:05.5	wines, you'll never pay for a wine you don't like, ever. They cut out the middleman to bring
0:09.6	you world-class wine for 33% less than you pay in the shops, all sourced from exclusive,
0:14.4	independent winemakers. And if you don't like one, you won't pay for it. They'll refund the cost to your account. Wine tastes bare naked.
0:21.9	Try naked wines today for just 3499 for six wines, including delivery at nakedwines.com.uk
0:27.4	slash Spotify. T's and C's apply.
0:31.7	Happy wealth planner launch week to all who celebrate. The one time a year where I cosplay a tech entrepreneur and I throw my
0:40.8	whole being into product design, I guess technically it's more accurate to say that that kind of
0:46.3	happens throughout the year, but then this is the week where it all comes to a beautiful
0:50.3	culmination point. In honor of the annual revamping of our most technical and,
0:57.3	okay, only product, we decided that a tactical episode was an order, so we're going to talk
1:03.0	today about how to think about a truly comprehensive financial independence timeline, and to pat ourselves on the back just a little bit,
1:13.4	because I think we built one. As a primer for those who are unaware of this product are
1:18.8	unfamiliar with this specific feature, the wealth planner is the Money with Katie flagship product,
1:25.2	the core of which was first created back in 2020. So it's intended to be
1:30.3	a one-stop shop for your personal finances and particularly one with the ability to translate
1:38.7	your current choices and your current finances into what they mean for the future. When I was starting my personal
1:47.7	finance journey, I was constantly trying to make sense of the long-term implications of the
1:54.4	decisions that I was making. And the first financial independence spreadsheet that I made for
2:00.4	myself was extremely rudimentary,
2:02.6	but it served the purpose, which was telling me how my spending, my income, my investing,
2:09.5	all of these things that I was doing today would likely play out if I just stayed the course.
	...

Please login to see the full transcript.

Previous episode

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

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