The Personal Finance Podcast Starting at 40+? Here’s the Exact Investing Plan I’d Use (FI After 40 Framework)
May 28, 2025
Discover an actionable financial framework tailored for those over 40, focusing on effective savings and investment strategies. Learn the CIA method to streamline your finances by cutting unnecessary expenses, identifying goals, and automating savings. Explore ways to boost your income through salary negotiations, side businesses, and strategic job changes. Delve into smart investment techniques like the backdoor Roth IRA and a Buffett-inspired portfolio, all while planning for healthcare costs and striving for a debt-free lifestyle.
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Assess Your Financial Position
- List all your assets, liabilities, income, and expenses to know your financial standing.
- Calculate your net worth monthly to track your progress toward financial independence.
Calculate Your Retirement Goal
- Use the 25X rule: multiply your desired annual retirement spending by 25 to estimate needed savings.
- Consider healthcare, travel, inflation, and mortgage status in your retirement planning.
Eliminate Wasteful Expenses
- Slash excess spending by auditing housing, transportation, and food expenses.
- Align all spending with your financial goals and automate savings using the CIA method.