Episode 65: Financial Planning Basics

When making a financial plan, we like to compare it to building a house.  That is why we call our financial plans the Retirement Blueprint.  In this week's show we will talk about some of the components of a solid written retirement plan. Takeaways: EVERYTHING starts with a good plan, that will change over time 80/10/10 rule - Set aside 10% of your monthly income for God/charity, 10% to savings, and then the remaining 80% on your monthly needs Good debt vs bad debt Live within your means