What reasons do you give for not using your savings once in a while, even on special, one-time experiences with family and friends?
In the thought-provoking book Die With Zero, author Bill Perkins explains why we point to our risk tolerance, passion for our work, or concern for our kids as justifications for always favoring earning over spending.
But in this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, shares the data and alternative perspectives that Die With Zero offers to address each of these objections. Kevin also shares the strategies that the book puts forward to encourage us to make better decisions around spending and saving.
Ultimately, this episode emphasizes that money is nothing more than a tool in your life. It’s a means to an end. Earning money is necessary to help you to achieve the goal of enjoying your life. But, at some point, trying to maximize the money you make and save may get in the way of actually achieving that goal.
Welcome to Financially Well, the finance podcast for Millennials.
Stuck in Traffic
Searching for the Horizon
Why Millennials May Think About Money Differently Than Our Parents
Do Millennials Need to Worry About a Retirement Magic Number Yet?
Are You Earning Enough Memories From Your Money?
Why Your Financial Confidence Matters as Much as Your Income
Will a Home Bias in Investing Limit Your Potential Wealth?
3 Steps Millennials with Variable Income Can Take to Invest Consistently
Your Investment Time Horizon: The Key to Saving More Money?
Will Money Management in Retirement Be Easier Than You've Heard?
Why You May Not Need Fintech Apps for Investing on Your Phone
The Most Underappreciated Reasons to Ask for a Raise
Should You Wait to Buy a House if You Have a Low Mortgage Rate?
What Are the Benefits of Buy Now, Pay Later for Millennials?
The 5 Best Books for Millennials About Money
What to Do With an Inheritance Amid the "Great Millennial Wealth Transfer"
Why Isn’t Your Qualifying Employer Promoting PSLF News?
Second Home or Starter Home: What Should Millennials Buy First?
An Investment Quiz for Millennials: 11 Concepts You Should Know
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast