The chapter delves into the significance of financial modeling for budgeting and future planning, stressing the need to estimate various costs like mortgage, property taxes, and insurance for financial direction. It also emphasizes the importance of reflecting on past joy to better plan for a fulfilling retirement, using personal examples and the value of testing different scenarios for better outcomes.
#512: An anonymous caller who received a large inheritance feels paralyzed by all the investment philosophies he’s read about. How does he pick a winning strategy he can stick with?
Josh is an expectant dad looking to buy a bigger house but doesn’t know how much everything will cost. Should he save more or invest more?
Another anonymous caller worries that large expenditures like buying a new car or replacing her home’s roof will blow up her budget in retirement. How does she plan for unexpected expenses?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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