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HerMoney with Jean Chatzky

Mailbag: FIRE, Family Finances, and Finding Freedom

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 24 January 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

We’re diving into your FIRE questions with Shang Saavedra, author of Wealth is a Mindset and a trailblazer in the FIRE (Financial Independence, Retire Early) movement. Shang achieved financial independence at 32 and is here to help you tackle everything from early retirement to overcoming money trauma. We cover: How to plan for retirement when the timeline feels uncertain. The importance of viewing retirement not as an age, but as a state of mind. Strategies for dealing with money trauma and shifting from a scarcity to an abundance mindset. Advice for parents balancing their own savings with paying for their children’s college education. How to make retirement a reality if you’re working in a toxic environment and want to leave. Don’t forget to leave us a 5-star review on Apple Podcasts and subscribe to our newsletter at Hermoney.com/subscribe! Have a question for us? Write to us (or send us a voice note!) at [email protected].  Learn more about InvestingFixx, our women’s investing club where you can vote on stocks, build a model portfolio, and grow your financial knowledge. Take the next step in your financial journey with FinanceFixx, our money makeover program. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an Airwave Media podcast.

0:07.6

You may be coming from a scarce background, which gives you so much fear around the risk that's involved in investing your money, and that you need to dive into.

0:17.3

Where did it come from? When did it start? when does it rear its head how is it impacting your

0:22.8

money behavior and what can you do to lessen the impact of that money trauma from your past

0:29.3

onto your future and your future choices hey everyone i'm jean chatsky thank you so much for

0:35.0

joining me today on her money today we are bringing you an extra special

0:40.2

mailbag with Shung Savedra. If you listen to our Wednesday episode this week, you know that she is one of the

0:47.0

modern day leaders of the fire movement. She achieved financial independence at just 32 years old she laid out how she did

0:59.2

that on Wednesday's show fascinating journey and I really appreciate the fact that

1:04.7

that Sean was so honest about how difficult it was because doing hard things yes

1:10.2

of course we can do hard things,

1:12.5

but it doesn't mean that they are not hard. Anyway, I couldn't think of anyone better than

1:18.1

Shang to answer some questions, some of your questions on saving and investing strategies,

1:24.4

whether or not you want a fire, as well as getting out of the workforce and into

1:30.5

retirement as early as you can. Before we get into it, we're going to take a very quick break.

1:37.0

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1:41.8

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1:45.5

business with easy customizable themes that let you build your brand, marketing tools that get

1:50.5

your products out there. Integrated shipping solutions that actually save you time, from startups to

1:55.4

scale ups, online, in person and on the go. Shopify is made for entrepreneurs like you.

2:01.5

Sign up for your $1 a month trial at Shopify.com slash setup.

2:08.1

I am back with Shung Savedra, author of the book, Wealth is a Mindset.

...

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