#5 Baby Step 4: Invest 15% of your household income in retirement/business.
Figuring The Figures05/01/24 • 23 min
Choosing Between Entrepreneurship and Retirement Investing: Which Path Would You Pursue?
Welcome back to "Figuring the Figures" by ZtikMan! In this insightful episode, we delve into Dave Ramsey's Baby Step 4, where we explore the critical decision between entrepreneurship and retirement investing.
🔍 Episode Highlights:
1. Understanding Baby Step 4: Discover the essence of Baby Step 4 in Dave Ramsey's seven-step financial plan.
2. Importance of Investing for Retirement: Unveil the significance of investing in your retirement and securing your financial future.
3. Starting Your Retirement Investment Journey: Learn practical tips on initiating your retirement investment journey and choosing the right retirement account.
4. Staying on Track with Retirement Goals: Gain insights into maintaining momentum towards your retirement goals and maximizing your contributions.
5. Overcoming Challenges in Retirement Savings: Explore strategies for catching up on retirement savings if you're behind and overcoming common hurdles.
Join us as we navigate through the complexities of retirement investing and entrepreneurship, empowering you to make informed financial decisions and secure a prosperous future!
🚀 Timestamps:
- Trailer: 1:21
- Intro: 2:20
- What is Baby Step #4?: 3:04
- Why should you save before investing?: 3:27
- Why is investing into retirement important?: 4:12
- Unlock Compound Interest with Early Investing: 4:24
- What are some benefits of investing into retirement?: 5:04
- Prioritize Emergency Savings Before Investing!: 5:34
- How do you start investing into retirement?: 5:52
- Things to consider before investing.: 6:33
- Using the Ramsey Retirement Calculator: 7:06
- How do I create a budget for investing?: 7:54
- What is a reasonable expectation for annual returns on investments?: 8:59
- What does 28 years of investing look like?: 9:31
- How much can 5 years of investing can change your life.: 10:33
- You can do it too!: 10:55
- How does compound interest work?: 11:35
- Choosing Between Entrepreneurship and Retirement Investing.: 12:17
- If you believe in yourself, do this instead of waiting for retirement.: 13:07
- If your 9-5 is your passion, you're living the dream.: 14:37
- Invest a house into the stock market and make millions: 15:10
- Download this free budget template at ZtikMan.com/BUDGET: 15:38
- Staying on track with your retirement goals.: 16:51
- Maxamize your yearly contributions.: 19:39
- Do you feel it's too late to invest?: 20:50
- You might consider investing more when you get older.: 21:47
- I'm on a million dollar mission.: 22:24
- Find the financial guide you need today!: 22:43
🔗 Don't forget to SUBSCRIBE and visit ZtikMan.com for more financial insights and resources!
#FinancialFreedom #RetirementInvesting #Entrepreneurship #InvestmentTips #FinancialPlanning #FinancialEducation #DaveRamsey #BabySteps #FinancialSuccess #PersonalFinance #MoneyManagement #FinancialWellness #WealthBuilding #CompoundInterest #RetirementGoals #FinancialEmpowerment #BudgetingTips #MoneyMatters #FinancialIndependence #MoneyMindset #InvestingStrategies #DebtFreeJourney #SmartInvesting #FinancialGoals #SecureYourFuture #BuildWealth #RetirementSavings #InvestmentEducation #FinancialLiteracy #MoneyTips
05/01/24 • 23 min
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