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Show Notes
You've heard plenty of savings advice. But you might be wondering if conventional wisdom really is the best.
Well did you know sometimes banks will encourage you to follow one strategy while they operate on a different one?
In this episode I'll tell you what they do so well, and how you can adopt their strategy yourself to plan for retirement more effectively.
I'll also explain why you should be building a "ginormous" nest egg, and a few things to look for so what you're building doesn't get crushed by things you can't control.
Listen now!
Show highlights include:
- Simple test to know whether you should use money to save or to invest. (0:37)
- How much of your nest egg should be in investments? Here's what Valerie thinks. (1:33)
- The "diversified" lie that makes you feel secure but can put all your assets at risk. (2:45)
- Earn on the money you spend? Sounds impossible, but here's how to do it. (3:24)
- The perpetual motion strategy banks use to make their money work for them. And how you can use it too. (5:10)
- Einstein's insight on compound interest. Why knowing this one thing can be the difference between lifelong money struggles or a secure retirement. (6:47)
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