The S&P 500 can certainly be a piece of that mix, but it needs to be diversified. And this goes back to our earlier conversation about asset allocation. She is a short term bucket of money she's going to need five years from now to start living on. How much is that? How much is she going to need per month per year? Then for those early years, put those in very conservative investments so she knows that that money's not down when she needs it. It all starts with, when am I going to need the dollar?
#428: Jamie currently lives at home and dreams of reaching financial freedom by her early 30s. How can she take advantage of her low expenses to accelerate her wealth building?
An anonymous caller has enough to retire in 5 years. Does she still need her financial advisor or is it time to do it on her own?
Meghan is a personal finance enthusiast who wants to start a coaching side hustle. What’s the best way to get started?
Former financial planner Joe Saul-Sehy and I tackle these five questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
For more information, visit the show notes at https://affordanything.com/episode428
Learn more about your ad choices. Visit podcastchoices.com/adchoices