The Clever Girls Know Podcast
324: How Norly Is Parallel Planning Her Early Retirement With Her Mom
Mar 5, 2024
Discover how Norly is parallel planning her early retirement journey with her mom, focusing on financial strategies, FIRE goals, and navigating housing costs in NYC. Dive into the mother-daughter duo's retirement planning journey and learn about the importance of empathy in creating a comfortable retirement plan.
33:40
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Quick takeaways
- Norley and her mom are parallel planning for retirement with distinct strategies, focusing on aggressive investing and debt elimination respectively.
- Norley advocates for early retirement by saving aggressively, investing wisely, and maintaining financial independence and control over her future.
Deep dives
Parallel Planning Retirement Strategies for Norley and Her Mom
Norley and her mom are parallel planning their retirement with different strategies. Norley, in her mid-thirties, focuses on aggressive investing, putting away 50-70% of her salary and 50-60% of her bonus to reach her retirement number. Meanwhile, Norley's mom, in her fifties, is eliminating debt like her car, nursing loans, and mortgage to comfortably rely on her retirement accounts. They aim to retire around the same time but with distinct approaches.
