The Financial Philosophers

A Financial Thought Experiment: Thinking In Years Saved, Not Dollars Saved - Episode 50

Chris & Danny Season 2 Episode 22

Send us a text

In today's episode, Chris and Danny discuss a financial thought experiment. How much money do you need to save to earn one year of financial independence or retirement? Thinking in very large numbers is counter-intuitive to most people. However, when we translate very large numbers into terms of time (e.g., months, years), the idea of saving for a goal becomes much more palatable. With a little reframing, you might be surprised by how achievable your savings goals really are. This is a great episode to help you conceptualize a new way of pursuing your financial independence and retirement goals. 

Support the Show:
patreon.com/TheFinancialPhilosophers

If you would prefer the video version of this podcast, join us on our YouTube channel over at
https://www.youtube.com/@financialphilosophers

To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel.

--------------------------------------------------------------------
This podcast is for informational purposes only and should not be considered or regarded as personalized investment or financial advice. All opinions expressed by Chris, Danny, and any guests are solely their own opinion. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided from this program (including any information that may be accessed through this website) is not directed at any individual, investor, or category of individuals or investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.

People on this episode