Building Your Savings Strategy As a High Earner

25/09/2024 12 min Temporada 1 Episodio 2
Building Your Savings Strategy As a High Earner

Listen "Building Your Savings Strategy As a High Earner"

Episode Synopsis

In this episode, the host discusses saving strategies for high-income earners. The conversation covers common mistakes in savings, building a savings strategy, recommended savings rates per age, the importance of automation, and the concept of three buckets for savings. The host also answers frequently asked questions related to retirement savings. The key takeaways include the need to avoid holding too much cash, the importance of saving for retirement outside of a 401k, the focus on hitting savings goals rather than strict budgeting, the impact of lifestyle inflation on savings, and the benefits of splitting savings into different types of accounts.