How do you reach financial independence when you’re a late starter and don’t have everything figured out in your 20s, 30s, or even your 40s? Bill Young and Jackie Cummings Kosti, hosts of the Catching up to FI podcast, have made it their mission to help you make up for lost time, and they’re sharing their secrets in this episode. Their action steps to reach financial independence as a late starter is all about the kiss method - keep it simple by starting to invest and save money, and stay simple - you don’t need to take on much more risk in your portfolio or create a complicated investing strategy. You need to start somewhere. Throughout both Bill and Jackie’s financial independence journey, they both agree that you can’t overlook the mental, psychological, and emotional part of your journey - working through shame, fear, your money story, and spending time processing those emotions so you can create a different future is key.
In this episode, you’ll learn about the steps Bill and Jackie took individually to reach financial independence late in life, what advice they wish they had known earlier, and the steps you need to take to fast-track your financial independence journey.
LINKS
Catching Up to FI podcast
Die with Zero book
CONNECT WITH SHANNAH
Thank you for being a part of our community! We couldn't do it without you.
SPONSORS
Thanks to OneSkin for sponsoring the show. Get 15% off OneSkin with the code ETM at https://www.oneskin.co/
Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com.
Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM.
Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast.
Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com.
Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order.
Thanks to DelelteMe for sponsoring the show. Today get 20% off your DeleteMe plan when you go to www.JoinDeleteMe.com/ETM and use promo code ETM at checkout.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Ask Shannah: Should I Pay Off My Debt Before I Start Investing? I'm So Confused!
The Power of Getting Paid for Your Value + National Let's Talk Money Day with Anne Mahlum
How to Build Wealth as a Female Entrepreneur with Kaitlyn Carlson
Want to Achieve Your Money Goals? Start By Training Your Brain with Ariel Garten
How Am I Never Left With Any Money Each Month...Even With a Budget
Equal Pay for All: How Pay Transparency Makes a Difference with Hannah Williams
8 Fall Money Moves to Make This Year
Ways to Break Money Habits From Your Parents That Don't Serve You
Best Credit Cards, Savings Accounts, and Mortgage Lenders of 2023 with Ian Salisbury
How to Build Wealth with Tiny House Living with Ryan Mitchell
Ask Shannah: Saving Money Tips
Breaking the Barriers: Empowering Women in Business and Finance with Melody McCloskey
Manifesting Your Money To Build The Life You Desire with Kathleen Cameron
Ask Shannah: Should I Get a Prenup?
Surprising Ways To Build Wealth With Franchise Investing with Kenny Rose
7 Steps to Map Your Financial Future with Louis Llanes
Little Treat Culture: Is It Good For Your Money and Mental Health with Ashley Lapato
Ask Shannah: Are Rewards Credit Cards Worth It
Want to Learn How to Create a Profitable Podcast? Join Me In My Special Course!
5 Important Money Questions to Ask Yourself ASAP
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
So Money with Farnoosh Torabi
The Payoff
The Mental Wealth Show with Rich Jones
Jill on Money with Jill Schlesinger
WSJ Your Money Briefing