PODCAST EPISODE 220: Financial Independence at age 52, earning less than $100k

WHAT WAS COVERED

  • 00:00 – Paul welcomes listeners.
  • 00:45 – Welcoming guest, Chris Fabbro
  • 02:00 – Chris Fabbro’s background.
  • 06:25 – Government retirement programs.
  • 13:00 – The financial turning point.
  • 15:30 – Identify your luxuries.
  • 22:30 – Responsibly delaying expenses to refrain from running the ‘rat race’.
  • 27:20 – Setting an example for lifestyle choices.
  • 36:05 – Finding rewarding experiences that don’t cost you money.
  • 38:35 – Recap
  • 39:00 – Episode ends, thank you for listening.

[Tweet “Pay yourself first, By saving for your future. #YourBusinessYourWealth”]

[Tweet “What habits do you have that you can reconsider? What in your finances causes ‘death by a thousand cuts’? #YourBusinessYourWealth“]

[Tweet “Setting an example in your financial lifestyle shows others that there is another path they can take if/when they find they are moving in the wrong direction financially.

#YourBusinessYourWealth“]

LINKS

Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling

Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adams on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Loserthink: How Untrained Brains Are Ruining America

SHARE THE SHOW

Did you enjoy the show? We would love it if you subscribed today and left us a 5-star review!

Click this link – Your Business Your Wealth

Click on the ‘Subscribe’ button below the artwork

Go to the ‘Ratings and Reviews’ section

Click on ‘Write a Review’

——————————————————————————————————————————-

Transcribed by https://otter.ai

This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation.

Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions.

This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results.

Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details:

yourbusinessyourwealth.com

© 2020 Sound Financial Inc. yourbusinessyourwealth.com

PRODUCTION CREDITS

Podcast production and show notes by Greater North Productions LLC

Related Posts

  • Podcast Episode 21: Protect Your Income with Disability Insurance

    LISTEN HERE EPISODE SUMMARY Sound Financial Group (SFG) is excited to welcome you to Sound Financial Bites, where we bring you bite-sized pieces of financial knowledge to help you design and build a good life. In today’s episode, Paul Adams, CEO and President of Sound Financial Group, chats with Ryan Jewell in the Brokerage Division for Sound Financial Group. He…

  • PODCAST EPISODE 312 – Why Active Management Doesn’t Work

    Active asset managers promise market-beating returns, but the data tells a different story. In this episode of More than Commas, Cory explores why 90% of actively managed funds underperform over time and how patience, simplicity, and low-cost investing outperform stock-picking strategies. Through stories of legendary investors like Warren Buffett and everyday savers like Ronald Read, we uncover the power of long-term…

  • PODCAST EPISODE 319 – From Great Depression to Today: What Market Trends Don’t Tell You

    In this episode of More Than Commas, Paul and Cory dive into a popular article’s alarming claims about bonds, dissecting the idea of a 36-year bond bear market and the so-called “crushing” losses investors faced. Using powerful tools from Dimensional Fund Advisors like the Matrix Book and ReturnsWeb, they fact-check historical data from 1945 to 1981 and the Great Depression…

  • PODCAST EPISODE 217: Is the 4% Rule in Retirement Dead? Tips on 529 Plans

    EPISODE SUMMARY Experts say the 4% rule, a popular retirement income strategy, is outdated (By CNBC.com) Seven 529 Plans to Avoid (By Morningstar.com) This Retirement Myth Could Cost You $100,000 (By The Motley Fool) WHAT WAS COVERED [Tweet “The appeal to authority fallacy is that once someone is an expert I can turn off my brain and listen to their…

  • Podcast Episode 98: The Basics of Disability Insurance Part 1: How Much Do You Really Need Disability Insurance?

    EPISODE SUMMARY In this episode of Sound Financial Bites, I speak with Cory Shepherd, the president of Sound Financial Group about the topic of disability insurance—something people have either personally dealt with, or have known others who have went through it. Either way, everybody has some type of relationship with disability insurance. We discuss the value of disability insurance and…

  • PODCAST EPISODE 200 – Learning to Invest in Real Estate – With Robert Slattery (Blackwell Real Estate)

    EPISODE SUMMARY Start with a plan, treat it like a business, and plan for maintenance; 3 of Robert’s notable lessons he has taught hundreds of real estate investors. Paul digs in deeper with Robert from Blackwell Real Estate to discuss what it takes to own real estate and rental property and create cashflow. WHAT WAS COVERED TWEETABLES [Tweet “Real estate…