67 min listen
152: Reaching Financial Independence Despite a Very Late Start with Baby Boomer Super Saver
152: Reaching Financial Independence Despite a Very Late Start with Baby Boomer Super Saver
ratings:
Length:
72 minutes
Released:
Nov 23, 2020
Format:
Podcast episode
Description
To say that Kathy from Baby Boomer Super Saver had a difficult journey ahead of her is an understatement. She was $70,000 in credit card debt, with a big mortgage, and a spouse that had a medical emergency. So how did she make her way to the millionaire retirement level?Through financial management communities like the FIRE movement, she was able to correct her spending faults, earn more, and invest most of her income into retirement accounts.Kathy put in the work to change her mindset about money as a whole, and reach for abundance instead of just survival. Now, Kathy teaches others how they can reach their retirement goals (even if they’re behind where they want to be) on her Baby Boomer Super Saver blog.Whether you’re just starting your career, or are a few years away from retirement, Kathy has some incredible tips on money management, maxing out retirement contributions, and being intentional with your money and your journey.In This Episode We CoverHow to reach your retirement goals even if you start later in lifeSnowballing your debt so you can save moreChanging your financial mindset to get where you need to beThe 2 key ways to get your retirement savings upHow catchup contribution accounts like the 457b plan can accelerate your investingBeing intentional with your money while lining up your saving/investing with your valuesThe importance of educating yourself and not relying entirely on others for financial adviceAnd SO much more!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsDave RamseyBiggerPockets Money Podcast 18 with Mad FientistCheck the full show notes here: https://www.biggerpockets.com/moneyshow152See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Nov 23, 2020
Format:
Podcast episode
Titles in the series (100)
#02: An All-Out Approach to Financial Independence at an Early Age with Scott Trench: Scott Trench wanted something more out of life, so he grabbed it by the horns and pointed it in the direction HE chose. By accumulating a large financial runway through a 50% savings rate on a median income, he gave himself the courage to take... by BiggerPockets Money Podcast