Exploring the post-step 9 goals and fun money, transitioning to personal values. Finding happiness in experiences over material possessions. Discussing real estate investment vs. tax-favored accounts, savings rates, and healthcare expenses. Delving into listener feedback and Amazon reviews, reflections on book publication and awards.
After Step 9, prioritize personal goals like legacy-building or traveling for a fulfilled life.
Incorporate fun money at any financial step to enjoy life beyond reaching specific milestones.
Deep dives
Goals after Step Nine of Financial Order of Operations
After completing step nine of the financial order of operations, individuals can set their own goals based on personal aspirations. Options include focusing on legacy-building for children, supporting charitable causes, traveling to new destinations, or pursuing experiences that bring joy. The completion of financial steps should provide the freedom to use funds to achieve meaningful goals.
Balancing Fun Money in Financial Planning
In financial planning, incorporating fun money should not be limited to a specific step. Enjoying life and creating memorable experiences is encouraged at all stages. While optimizing financial decisions through steps one to nine, individuals should also prioritize activities that bring happiness without solely focusing on reaching a particular step dedicated to fun money.
Optimizing Asset Allocation in Retirement Planning
As individuals progress towards step eight of the financial order of operations, they may consider diversifying investments beyond target retirement funds to tailor to specific financial needs. Understanding the three key asset buckets - after-tax, tax-free, and tax-deferred accounts - helps in optimizing asset location and effectively utilizing resources for retirement. Evaluating individual circumstances and seeking professional guidance can further enhance financial strategies.
Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
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