Financial Conditioning
Simon Karmarkar delves into inspiring stories and advice on achieving financial freedom. Get actionable tips, motivational stories, and insightful discussions that will empower you to take control of your financial future and get financially conditioned.
Mastering Budgets, Automation, and Retirement Planning with Joe Saul-Sehy
In episode 98 of Financial Conditioning, Simon Karmarkar delves into essential budgeting strategies, including zero-based budgeting, realistic planning, and useful tools. He highlights the benefits of automating finances and meal planning and introduces a weekly budget for tracking expenses. Simon also covers sensible credit card use, setting limits, and the role of accountability partners. Retirement readiness is explored with a focus on portfolio strategies and transitions. Expert Joe Saul-Sehy shares investment insights, and Simon discusses customizing retirement plans and overcoming behavioral challenges, concluding with tips for financial empowerment.
Key Points
- Assign every dollar a job using the zero-based budgeting method to maintain control over your finances.
- Realistically plan and adjust your budget to accommodate actual upcoming expenses, thereby avoiding surprises.
- Adopt a four-bucket strategy for retirement planning to manage different phases of spending and mitigate market volatility.
Chapters
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Transcript
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