Optimal Finance Daily - Financial Independence and Money Advice 3335: A Recipe for Financial Success: It’s as Easy as Pumpkin Pie by Kathleen Coxwell of New Retirement
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Oct 30, 2025 Financial planning can be as simple as making pumpkin pie! Kathleen Coxwell emphasizes that achieving financial success requires the right ingredients, like budgeting and investing. She stresses the importance of personal financial goals and aligning spending with values to create a meaningful future. Debt management is discussed as balancing necessary and harmful debts. Kathleen also highlights the need for backup plans and being resilient to financial risks, all while prioritizing joy and connection with loved ones.
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Define Your Own Financial Goal
- Envision the future you want before planning; your goals don't need to match others'.
- Kathleen Coxwell says a clear personal goal is the foundation of financial success.
Treat Your Budget As The Foundation
- Control day-to-day finances by earning more than you spend and saving regularly.
- Treat your budget as the crust — the stable foundation for long-term financial health.
Invest And Then Ignore The Market
- Invest saved money and then let it compound over time without frequent tinkering.
- Use simple strategies like buy-and-hold index funds to ride out market volatility.