269: Savings Rate vs. Net Worth

FromMillennial Money Minutes | Personal Finance in 5 Minutes

Start listening View podcast show

269: Savings Rate vs. Net Worth

FromMillennial Money Minutes | Personal Finance in 5 Minutes

ratings:

Length:

6 minutes

Released:

Feb 22, 2018

Format:

Podcast episode

Description

How and why you should track both your savings rate and net worth - the two most important numbers in personal finance.

Released:

Feb 22, 2018

Format:

Podcast episode

Titles in the series (100)

Millennial Money Minutes distills tough personal finance topics in 5 minutes or less. Hosted by Grant Sabatier @MillennialMoney and Matt Zubricki @DistilledDollar

Skip carousel

22: The Millionaire Next Door: New Series: Best Personal Finance Books in 5 minutes or less. First up The Millionaire Next Door by Thomas Stanley. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
6: Should I Invest in a 401K or IRA?: We discuss the first two steps we would take if we started off investing from scratch. Should I invest in my 401k or IRA will not be complicated anymore. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
5: Is A Car Worth It?: From insurance hacks to rideshare programs to moving within walking distance to work, we discuss uncommon strategies to reduce the cost of car ownership. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
3: Automated Savings: Strategies we utilize for automated savings. We would agree that spending is what is left after saving, not saving is what is left after spending. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
13: The Power of Habits: Learn how habits are the key to building wealth and achieving financial independence. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
4: Active vs. Passive Funds: Based on the investment strategy, it can make sense to use passive funds. Other times active funds make more sense. Here’s our take on Active vs. Passive funds. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
28: Day Trading Sucks: Learn why day trading sucks (for most investors). by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
14: One Month Podcast Update: Thank you for over 4,000+ Millennial Money Minutes downloads in the first month! We appreciate all the love. Please leave a review and subscribe if you enjoy the podcast. by Millennial Money Minutes | Personal Finance in 5 Minutes
3 min listen
10: How To Save Money: The biggest way to capitalize on savings is by tackling the largest expenses first. We share our two biggest life hacks on How to Save Money. by Millennial Money Minutes | Personal Finance in 5 Minutes
3 min listen
12: Millennial Retirement: Learn how Millennials are redefining what retirement means and taking control of their futures. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
9: Index Funds: Index Funds offer us a low cost entry point into buying a slice of the entire economy. See how the vast majority of active funds fall short of market returns. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
61: Interview: J. Money @BudgetsAreSexy: We chat with the one and only J. Money for our first extended interview. J. Money is one of the world's top personal finance bloggers and has been writing about money for 9 years at BudgetsAreSexy.com and RockstarFinance. It's was a true honor and an awe... by Millennial Money Minutes | Personal Finance in 5 Minutes
28 min listen
11: Rent vs. Buy: Learn two perspectives on whether you should rent or buy a home depending on where you are in your financial life. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
7: Saving vs. Spending: Whether you're saving 0% or 60%, like Matt, the line between saving and spending is a difficult one to walk. Joys of life, such as travel, is money well spent. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
38: Interview: Chris @KeepThrifty: We chat living experiments and finance spreadsheets with Chris from KeepThrify.com. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
2: Budgets Suck: After our experience of budgeting we share when they’re useful and necessary. We also share why we think budgets suck and why we don’t use them today. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
1: Introduction to Millennial Money Minutes: Our introduction to Millennial Money Minutes includes our backgrounds and our goal of the podcast to distill down personal finance topics in 5 minutes or less. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
24: Credits Cards: We share very different perspectives on credit cards and a bit of travel hacking. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
19: Rethinking Emergency Funds: Do you really need an Emergency Fund? We explain when you do/don't need an Emergency Fund and why investing it might make more sense. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
16: Paradox of Frugality: In this episode we explain two frugality paradoxes - moral liscensing and lifestyle inflation. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
30: Grant in The Hot Seat: Matt interviews Grant @MillennialMoney. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
33: Time Value of Money: Invested money is worth significantly more in 5, 10, 20+ years than the same money today. But we naturally aren't wired to think about future value, so we have to work harder to build the habit. Learn how you can leverage the time value of money. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
36: Interview: Kevin @FinancialPanthe: We interview Kevin aka the Financial Panther, a side-hustling lawyer who paid off $87,000 in student loans, and has the best company retirement benefits ever. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
8: Roth vs. Traditional IRA: From Backdoor Roth contributions to IRA Conversion Ladders, we tackle the Roth vs. Traditional IRA topic from start to finish. See which is better for you. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
17: Money Goals: Learn about two of our primary money goals. Matt hits a zero net-worth and Grant returns to frugality. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
21: When Do You Need Insurance: Insurance can be expensive and sometimes not worth it. Learn when insurance is a great investment. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
23: Maximize Your Value: Learn How to Maximize Your Value and Make More Money. It's easier than you think. by Millennial Money Minutes | Personal Finance in 5 Minutes
5 min listen
42: Best Online Savings Tools: Saving money > not saving money. We share our favorite online savings tools, including Amazon subscribe & save, Wikibuy, and others! by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
20: Frugal vs. Cheap: There's a big difference between frugal and cheap. In this episode learn the pros/cons of each. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen
26: Minimalism: We explore minimalism and living with less. by Millennial Money Minutes | Personal Finance in 5 Minutes
4 min listen

More Episodes from Millennial Money Minutes | Personal Finance in 5 Minutes

Skip carousel

283: Real Estate Investing Fail: Grant is moving to New York City and made a big mistake with his real estate investment. We chat about when investing in real estate is and isn't a good idea, as well as some of the risks. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
282: What's the Goal?: In this episode we talk about money, success, and what it all means. by Millennial Money Minutes | Personal Finance in 5 Minutes
8 min listen
281: Homeownership w/ Fannie Mae: Learn how you can buy a home with as little as a 3% down payment. by Millennial Money Minutes | Personal Finance in 5 Minutes
11 min listen
280: Fast Track Money: Getting rich quick is different than getting rich fast. We share some of our top strategies for fast tracking your money. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
279: Mondays: How to set yourself up to crush the week. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
278: Is Frugality Enough?: Most of personal finance is focused on cutting back, budgeting, and frugality but is that enough? by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
277: Make More Money: As you know one of the easiest ways to make money is through side hustling, but most people who side hustle are leaving a ton of money on the table. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
Welcome Back - New Season 2!: Welcome to Season 2 of Millennial Money Minutes! Thanks for being patient while we took the month of March off so Grant could finish his book and we could develop some exciting new projects. We are super stoked to be back. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
275: Advanced House Hacking w/ Jacob Perez: Jacob is one of the top house hacking experts in the game. In this 30 minute deep dive interview, we dig deep into house hacking and how you can use it to make a ton of money. by Millennial Money Minutes | Personal Finance in 5 Minutes
26 min listen
274: How to Scale Money: Here's how you can scale money and hit the next level. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
273: Art and Science of FI (part 2): We discuss the art of financial independence and how to get your friends on board. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
272: Art and Science of FI (part 1): In this special 2 part episode, we discuss the art and science of financial independence. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
271: Home buying Myths w/ Fannie Mae: We bust home buying myths with Jonathan Lawless from Fannie Mae. by Millennial Money Minutes | Personal Finance in 5 Minutes
11 min listen
270: A Real Money Strategy: Why you need a real money strategy and how to build one. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
268: Bringing the FIRE Everyday: How to bring it every day. Happy Monday! by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
267: Money Hacking: Money has never been easier to hack. Here's how. by Millennial Money Minutes | Personal Finance in 5 Minutes
9 min listen
266: Ultimate Money Hacking: It's never been easier to make more money, save more money, live for free, and travel for free. by Millennial Money Minutes | Personal Finance in 5 Minutes
9 min listen
265: Are Stocks Too Expensive 2.0: Stocks are absolutely crushing it... but are they getting too expensive? by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
264: Look Back To Look Forward: Why solve problems that have already been solved before? Why looking back to history is one of the best ways to find answers and direction today. by Millennial Money Minutes | Personal Finance in 5 Minutes
9 min listen
263: Bitcoin Update: An update on Bitcoin and Grant's Bitcoin holdings. by Millennial Money Minutes | Personal Finance in 5 Minutes
8 min listen
262: What Matters Most: How to find what matters most in money and in life. by Millennial Money Minutes | Personal Finance in 5 Minutes
9 min listen
261: Skills As Future Currency: The skills you have in the future will be more valuable than anything else. Here's why and how to build new ones. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
260: How High Can Stocks Go?: Stocks are at all-time highs, how high can they really go? by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
259: Reflecting on Money: We spend so much of our time consuming, but little time examining and then creating. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
258: Money Habits 2.0: How to pick, evaluate, and make new money habits or ditch them if they aren't working. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
257: Crush The Money Taboo: Talk about money. Here's why. by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen
256: How To Travel The World For Less: It's never been easier to travel the world for less money. Here's how we do it. by Millennial Money Minutes | Personal Finance in 5 Minutes
8 min listen
255: From Zero to One: How to make that small yet massive leap in money and life. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
254: How To Get Comfortable With Risk: Managing risk is an essential component of investing and life. Here's how to get comfortable with it in all areas of your life. by Millennial Money Minutes | Personal Finance in 5 Minutes
6 min listen
253: Money Resolutions: What money resolutions did you make and are you still sticking with them? by Millennial Money Minutes | Personal Finance in 5 Minutes
7 min listen

Related podcast episodes

Skip carousel

Herman Brodie - The Power of Trust: This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby speaks with Herman Brodie. Herman is the co-author of The Trust Mandate: The behavioral science behind how asset managers REALLY win and keep clients (2018) and co-authored and lectures A Practical History of Financial Markets, an investment course developed for the Edinburgh Business School's MBA program. In addition, he is an international faculty member of the Portfolio Construction Forum, an education and certification body in Australia & New Zealand, and a Senior Fellow of the Center for Board Certified Fiduciaries in the US. Herman is also a proud Ambassador for the UK Diversity Project. by Standard Deviations with Dr. Daniel Crosby
54 min listen
320 - How Perceived Value Impacts Your Membership Pricing Strategy by Membership Geeks Podcast with Mike Morrison
28 min listen
Are You Making Intuitive Or Rational Decisions? by The Intuitive Customer - Helping You Improve Your Customer Experience To Gain Growth
31 min listen
Dr. Mary Bell Carlson - The Lessons of Financial Therapy by Standard Deviations with Dr. Daniel Crosby
45 min listen
Money Trap #2: Trying to buy EVERYTHING #298 by Docs Outside The Box
64 min listen
94: Why Clients Actually Hire & Fire Their Financial Advisors with Samantha Lamas and Danielle Labotka: If you want to convert more prospects into life-long clients... You need to know the answer to two questions: 1) Why do people hire a financial advisor? 2) Why do people fire their financial advisor? They just might be the two most important questions... by The Human Side of Money
92 min listen
Brendan Frazier - The Fuel and Friction Model of Behavioral Finance: This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby speaks with Brendan Frazier. Brendan Frazier is the host of The Human Side of Money Podcast where he focuses on helping financial advisors apply behavioral finance and master the human side of money. He is the founder of Wired Planning and was rated in Investopedia's Top 100. by Standard Deviations with Dr. Daniel Crosby
48 min listen
550. Jared Simmons, Design to Value: Show Notes: In this episode of Unleashed, Will Bachman talks to Jared Simmons, business consultant, coach, and speaker, on design to value. Jared defines the term ‘design to value’, offers examples of how it can be used, and talks about the... by Unleashed - How to Thrive as an Independent Professional
35 min listen
The hardest long-term change to consider in the face of crisis: How will you adjust your practice to recognize cl… by MDRT Podcast
9 min listen

Discover this podcast and so much more

269: Savings Rate vs. Net Worth

269: Savings Rate vs. Net Worth

Description

Titles in the series (100)

More Episodes from Millennial Money Minutes | Personal Finance in 5 Minutes

Related podcast episodes