In this episode of Building Wealthy Habits, we have the entire crew and dive into the key steps for achieving early retirement. We emphasize the importance of setting clear goals, understanding what financial independence truly means, and the crucial role of smart budgeting and investing. Also, we highlight the value of having an emergency fund and the need to remain flexible with financial plans. Wrapping up the conversation, we recommend consulting a financial advisor to help build confidence in decision-making and navigate the complexities of retirement planning.
Key Moments:
00:00 Exploring Early Retirement Goals
02:57 Financial Independence and Budgeting Strategies
05:56 Investing Wisely: Understanding Risks and Returns
08:57 Emergency Funds: Planning for the Unexpected
12:11 The Importance of Flexibility in Financial Planning
15:09 Consulting a Financial Advisor: A Key Step
18:02 Building Confidence in Financial Decisions
Reach out at [email protected]
Connect with Jeremiah:
LinkedIn: https://www.linkedin.com/in/jeremiahjlee/
Email: Jeremiah@tricordadvisors.com
Connect with Laura:
LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/
Email: [email protected]
Connect with Randy:
LinkedIn: https://www.linkedin.com/in/rkbarkley/
Email: Randy@tricordadv.com
This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest.