Prefer to listen? Press play below, or keep reading for hightlights. In this Money Monday episode, I share the 7 simple habits that helped me go from a broke college student with a “shotgun” 401(k) to early retirement. We cover embracing your inner frugalista, keeping housing costs low, the 3 questions to ask before any splurge, the personal finance books worth reading, and why you should never play rich instead of being rich.
P.S. I promised five tips, said “number five” twice, ended on six, and gave you seven. Money I can count. Tips, apparently not. 😉
- Do I have a 3–8 month emergency fund, based on my actual expenses rather than my take-home pay?
- Am I out of consumer and student loan debt?
- Am I automatically putting 10–20% into retirement every month?
If the answer to all three is yes, you can probably enjoy that trip or treat.
Books mentioned:
- As a Man Thinketh by James Allen
- Charles Schwab’s Guide to Financial Independence by Charles Schwab
- The 9 Steps to Financial Freedom by Suze Orman
- Smart Couples Finish Rich and Smart Women Finish Rich by David Bach
- The Millionaire Next Door by Thomas J. Stanley and William D. Danko
- The Bogleheads’ Guide to Investing by Taylor Larimore, Mel Lindauer and Michael LeBoeuf
- The Total Money Makeover by Dave Ramsey
Also mentioned:
- The Ramsey Show’s “debt-free screams” on YouTube
Connect: yogawellnessmoney.com
If this episode helped you, I’d love a 5-star rating and review.
