063. Number one early retirement metric: your savings rate
06/24/24 • 54 min
It’s not about what you make, it’s about the difference between what you make and what you spend. If you know those two numbers you can calculate your savings rates, and if you know it you can improve upon it.
Liz joins this week’s podcast as we talk about:
The number one most important metric for achieving early retirement
How to calculate your savings rate
What our savings rates are and have been
How your savings rate equates to the number of years you need to work
How to increase your savings rate
Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/063-number-one-early-retirement-metric-your-savings-rate/
It’s not about what you make, it’s about the difference between what you make and what you spend. If you know those two numbers you can calculate your savings rates, and if you know it you can improve upon it.
Liz joins this week’s podcast as we talk about:
The number one most important metric for achieving early retirement
How to calculate your savings rate
What our savings rates are and have been
How your savings rate equates to the number of years you need to work
How to increase your savings rate
Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/063-number-one-early-retirement-metric-your-savings-rate/
Previous Episode
062. Our favorite savings hacks that will save you thousands a year
Actionable advice to stop comparing yourself to others and start focusing on your own life. We all compare ourselves to others, but we also know comparison is the thief of joy and we will be happier when we learn to spend less time comparing and more time living.
Andew joins this week’s podcast as we talk about:
The importance of tracking expenses
Our favorite savings hacks on home, grocery, shopping
Examples of how to negotiate realtor fees
Why renting a house can actually save you a lot of money
How to use cash back adn coupon sites to save money
Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/062-our-favorite-savings-hacks-that-will-save-you-thousands-a-year/
Next Episode
064. Packing light and spending light while traveling
Packing less and spending less while traveling abroad or domestically is possible and can make travel much more enjoyable! Travel a bit lighter and spend a bit less to splurge on the stuff that matters. Join us for a discussion on intentional travel spending. Greg joins this week’s podcast as we talk about: - Why we pack light when traveling with our three kids - What we pack and how we make it work - How we spend light when traveling - What we spend less on versus where we splurge while traveling - How trip budgets have transformed traveling with kids - Actionable tips for saving money on airfare, rental cars, accommodations, international cell phone plans, and more Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/064-packing-light-and-spending-light-white-traveling/
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