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DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Savings Rules of Thumb

DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing

Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!

Real Estate, Education, Investing, Self-improvement, Business, Money

4.6858 Ratings

🗓️ 11 March 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

On this episode of DIY Money, Quint and Daniel share a couple of savings rules of thumb to follow.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, this is Daniel.

0:01.9

Thanks for listening to DIY Money.

0:04.2

If you haven't already, be sure to give us a five-star review on iTunes so your friends know that they can learn from the show.

0:10.7

Also, follow us everywhere on social at DIY Money Podcast.

0:16.1

If you haven't already, be sure to check out the video on YouTube.

0:19.5

We've got some awesome bonus content there.

0:22.3

Now, enjoy the show.

0:29.2

Welcome back, ladies and gentlemen, you're listening to another edition of D-A-Y money.

0:35.5

D-A-L-A-Money.

0:36.3

So here we are on the 24th of February recording this episode, and I think it would be prudent to discuss what's happening in the world right now for our DIY investors.

0:49.1

None of this is investment advice, but let's just report on the news.

0:52.0

Unless you've been living under Iraq, you know that Russia has invaded Ukraine, throwing the global markets into hysteria.

1:00.4

This is, in my opinion, probably the first time that many newer investors have faced such challenges.

1:06.8

They were getting involved in the depths of the pandemic opening accounts. Most of that was

1:13.1

stimulus money coming in, entering into Robin Hood buying stocks and stonks, let's call them,

1:19.7

and these stonks continue to go up forever. Now people are faced with the reality that that is

1:25.5

not the case, seeing significant pressure on the

1:28.6

markets and I'm going to share just briefly what we're sharing with folks in our business and

1:33.8

that is take a deep breath don't panic there's no reason to become alarmed and we hope you

1:40.2

enjoy the rest of your flight by the way is there anyone on board who knows how to fly a plane?

1:51.0

And remember that you should be investing for the very long term.

1:58.0

And if you are younger, the irony of this situation is you are able now to buy

...

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Generated transcripts are the property of Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen! and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

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