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Money Guy Show
"I'm Saving 60% of My Income - Should I Stop?"
Mar 25, 2024
Exploring the balance between saving and enjoying life, financial analysis of car loan vs. investing, prioritizing financial goals, Roth contributions, and tailored financial planning for different life stages.
26:46
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Quick takeaways
- Prioritize financial independence over college savings in the financial order of operations.
- Max out Roth accounts before considering contributions to a 529 plan for balanced savings strategies.
Deep dives
Prioritizing Financial Independence over College Savings
It is crucial to prioritize saving for financial independence before focusing on college savings. The podcast outlines the importance of following the financial order of operations, emphasizing that securing your financial future takes precedence over funding a child's education. By strategically following the steps outlined in the financial order of operations, individuals can ensure a stable financial foundation before allocating funds towards college savings.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode