Finance & Fury Podcast

Welcome to Finance and Fury, the Say What Wednesday Edition Today's episode is about building wealth and getting ready for retirement Keeping with the Theme – Solving the economic problems Using the resources you have (income, savings, equity, etc.) to get what you want Today – run through considerations to take when looking at accumulating wealth for retirement Like last few episodes – doesn’t have to deal so much with age – but you own situation Some want to retire at 50, others 70 if ever First step – What are your retirement lifestyle costs like? Types of expenses to account for Essential costs – Food, bills, - what your basic budget looks like Discretionary costs – Holidays, dinners out – enjoying the good life What will this cost you? Asic money smart – has benchmarks – But work it out for yourself What do you spend today on the essentials and what would you like to spend? By the time you become FI – probably won't have a mortgage – so can neglect this cashflow requirement if paying it off