Five Financial Benchmarks to Achieve by Age 40

Send us Fan MailIn this episode of the 'Retire Early Retire Now' podcast, certified financial planner and Palm Valley Wealth Management owner Hunter Kelly discusses the financial goals high-income earners should aim to meet by age 40. He explores benchmarks such as creating and tracking a financial plan, building an emergency fund, reducing consumer debt, saving three to five times annual income for retirement, and investing outside of retirement accounts. Kelly also offers actionable steps, including automating finances, prioritizing tax efficiency, increasing income, and avoiding lifestyle creep, to help listeners achieve these goals and gain financial flexibility in their 40s.00:00 Introduction to Retire Early Retire Now Podcast00:21 Challenges of the Thirties01:55 Setting Financial Benchmarks for Age 4005:01 Goal 1: Have a Financial Plan08:32 Goal 2: Build an Emergency Fund11:46 Goal 3: Eliminate Consumer Debt16:25 Goal 4: Save for Retirement20:22 Goal 5: Invest Outside Retirement Accounts25:01 Actionable Steps to Achieve Financial Goals33:03 Conclusion and Final ThoughtsCheck out the Palm Valley Wealth Management WebsitePalmValleywm.comCheck us out on InstagramLinkedIn FacebookListen to the Podcast Here! AppleSpotify