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005 Life Stages

Maven Money Personal Finance Podcast

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Automate Your Savings - It's Not the Only Strategy

Increase your savings as a percentage of your earnings. Do this religiously. You hit then this point called financial independence, which splits the point of the saving stage withhin the spending stage. Income protection is obviously nice to have, and you don't lieve anybody having a burden. But certainly, if you're a single person, it's not crucial. And also, you may wish to look at certain insurances during that point. If you've got kids, dependence, or someone that's can if, if you die, then it's worth loking at life insurance.

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