7 ways you can save for tomorrow and live today
Find out 7 ways to save for tomorrow and live today on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How can you benefit from saving for tomorrow while still living in the moment today
How do you save for tomorrow and still have a life today? It’s tempting to jump on the consumption train and prioritize the things you want right now. But your future self will suffer. So, how do you balance the needs of your past, present, and future self? How do you put away money for retirement and still do the things that matter to you at this moment?
On this episode of Queer Money®, we’re sharing seven steps to save for tomorrow without sacrificing your quality of life today. We challenge you to clarify what’s important to you, calculate your retirement number, and adjust your cash flow accordingly.
Listen in for insight on saving for emergencies and specific goals—and learn how to manage your expenses in alignment with your goals, starting today!
Listen to get insight on 7 Ways to Save for Tomorrow and Live Today
Topics covered on 7 Ways to Save for Tomorrow and Live Today
- Why we recommend paying your future self first, then your past and present self
- 7 steps to save for tomorrow but still live well today
- How we benefited from getting crystal clear on what really matters to us
- Our preferred method of calculating your retirement number
- How to adjust your cashflow based on your estimated retirement number
- The advantage of building your emergency savings in a high-yield savings account
- How to open a sinking funds account to save for particular goals
- Managing expenses in alignment with your goals via a ‘no-budget budget’
- Why the best time to start saving for retirement is NOW
- The reward for frontloading your 401(k) with the maximum for the first 5 years
Resources on 7 Ways to Save for Tomorrow and Live Today
- ROMBA Conference Reaching Out MBA.org
- Credit Card Debt Slasher Toolbox
- How to Calculate Your Retirement Number on Queer Money EP326
- Lauren Boland on Queer Money EP442
- cFIREsim.com Retirement Calculator
- Wealth Builder’s Pyramid
- What Your Personal Spending Analysis Reveals to You on Queer Money EP190
- Capital One 360 Savings Account
- Dana Miranda on Queer Money EP412
- Axios.com Story on Phoenix Real Estate Market
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on 7 Ways to Save for Tomorrow and Live Today
Previous 3 Podcast Episodes
- How to Live a Life of Abundance (Even If You’re Broke Now)
- How Alternative Investments Can Enhance Your Portfolio
- What Happens When Women Are the Primary Breadwinners
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.