Jun 15, 2022
Looking to pursue financial freedom on your terms? See how Rich and Regular founders Kiersten and Julien Saunder's new book Cashing Out can help you lay out a path!
Why Your Family Needs a Financial Plan
When I mention this idea of having a financial plan, people tend to imagine is only for those who already have some money. But that’s not true.
There are many families that can benefit from creating a financial plan.
Here are a few that come to my mind:
- you’re feeling under-appreciated and underpaid at work
- you want to have flexibility, leverage, and options when it comes to how you work
- the pandemic really threw your finances for a loop and you’re looking to get back on track
- you’re sick and tired of the opportunities (or really the lack of them) that are out there for your family
- the idea of financial freedom and independence is something that excites you because it means you’ll have more time for the people and projects that matter most to you
These are all situations where having a flexible financial plan makes sense. The trouble is that financial plans seem complicated, unattainable, and well, boring.
Here’s the thing – you can create one that reflects you. Your situation, your priorities, and your goals.
Kiersten and Julien from Rich and Regular are on the show to share some thoughtful points and stories from their new book Cashing Out: Win the Wealth Game by Walking Away.
It offers a framework and path based on key principles in financial independence and retiring early on how to build your family’s finances in a way that opens up options.
In today’s episode, we get into:
- Why money matters and how to use it in a meaningful way for your family
- The challenges and triumphs of changing financial habits and mindset
- Aligning your finances to your priorities
Hope you enjoy!
Resources for Families Interested in Financial Independence
If you're looking to get ahead with your finances as a family, here are some resources to check out!
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Jumpstart Your Marriage and Your Money
- Cashing Out: Win the Wealth Game by Walking Away
- Rich and Regular
- Money on the Table
- Which Financial Independence Path is Right for Your Family?
- Crafting Your Family’s Plan for Financial Independence
- Retire Early By Rethinking Your Priorities
Join Our Thriving Families Community on Facebook to chat with other families and swap tips and stories about working towards financial independence.
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.
As a credit union, Coastal serves its members first including an annual loyalty bonus.
We've been members for years and love their service and competitive rates on checking and savings accounts!
Rollover Your 401(k) Easily with Capitalize
We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier.
Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years.
And because of the Great Resignation, you or someone you know might be changing jobs even more
It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with?
One huge benefit with an IRA is you get to choose how your money is invested, not your old employer.
If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.
With Capitalize, they handle the process from start to finish – for FREE. Yes, that includes calling the 401(k) provider on your behalf.
Find out how and get started today!
Support the Podcast!
Thank you so much for listening to the podcast! If you enjoyed this episode and found it helpful, here are some ways to support it.
- Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and becoming financially free, please share.
- Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple, Spotify, or Audible.
- Buy me a cup of coffee!