13min chapter

Elementality for Financial Advisors | Elements Financial Vitals System™ cover image

Talking With Your Clients: A New Way to Look at Budgeting

Elementality for Financial Advisors | Elements Financial Vitals System™

CHAPTER

Scaling Up Spending and Net Worth

They discuss the phenomenon of scaling up spending as income increases and how it affects one's net worth and retirement calculations. They share personal experiences of reaching various spending thresholds, such as buying a second car or a bigger house, and how it leads to continuously higher spending. They also introduce a measure called total term, which calculates the point at which one's net worth is sufficient to sustain their current spending.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode