Optimal Finance Daily - Financial Independence and Money Advice cover image

1878: [Part 2] Assessing Your Financial Health by Chris Mamula of Can I Retire Yet on Plans For Financial Independence

Optimal Finance Daily - Financial Independence and Money Advice

00:00

How to Maximize Your Savings Rate

The one measure we've used in the last decade to assess our financial health was not taught in my c f p course work. It's rarely discussed outside of fire blocks like savings rate. The advantage of this metric over net worth is the perspective provided by understanding how long your money may last depending on your spending. Every dollar you won't spend in retirement is 25 dollars you don't need to accumulate if you're assuming a four % safe withdrawal from investments.

Play episode from 05:15
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app