In a recent CNBC article they talk about how much you should have saved by age 50. Together Kim and Todd talk about this article and go through the principles of savings.

Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
https://www.cnbc.com/2017/09/01/how-much-you-should-have-saved-by-50.html

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Show Notes

1:21 The medium working age family had $5,000 in savings
1:46 If you’re going to retire by age 67 you need a minimum of 6X your salary by age 50
3:03 What are you going to live on when you get close to retirement age?
4:17 The assumption is that your expenses are lower at age 67, but is that correct?
7:01 If you’re 50 you need to be thinking about cashflow living an active lifestyle
7:49 Self worth is so much more important than net worth
9:20 Why even try?

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How Much You Should Have Saved by 50 - Episode 218