TIP456: How to Build a Wealth Plan for Financial Independence w/ Katie Gatti
We Study Billionaires - The Investor’s Podcast Network
Streamlining Family Budgeting with Hybrid Tools
This chapter explores effective budgeting strategies tailored for families facing intricate financial situations. It introduces a hybrid approach that incorporates a comprehensive Wealth Planner spreadsheet and the Copilot expense tracking app to simplify financial management and enhance visibility into spending habits.
IN THIS EPISODE, YOU'LL LEARN:
- 14:38 - How to calculate your retirement needs.
- 20:32 - How to determine how much cash you should reserve.
- 39:46 - How to think through investment account types like 401ks, IRA’s, Roths, etc.
- 51:17 - The ideal allocation of index funds.
- 1:00:34 - When to consider alternative investments like real estate or small businesses.
- 1:04:23 - Time and Energy trade-offs while determining your approach.
- 1:08:59 - How to incorporate philanthropy.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Money with Katie Podcast.
- Money with Katie Blog.
- Copilot Budget Tool.
- Portfolio Visualizer Backtest.
- Katie Gatti Twitter.
- Trey Lockerbie Twitter.
- New to the show? Check out our We Study Billionaires Starter Packs.
- Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Check out our Favorite Apps and Services.
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