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StitcherWhether 40 feels right around the corner or a lifetime away, these are the money decisions you’ll be glad you started thinking about now. In this episode, Jen and Jill walk us through the financial questions and decisions you’ll want to start thinking about before 40 that can help you make more intentional choices along the way.
Enough doesn’t mean minimum, but rather it should feel like a life well lived.
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- your 40th birthday trip. We passed the CFP exam in July and are working toward offering financial planning nationwide, with comprehensive plans covering investments, retirement, insurance, wills, and tax strategies. If you want an outside expert perspective on your money, join the waitlist at frugalfriendspodcast.com/cfp. And whether you’re ready for financial planning or not, we’re covering the 10 money decisions you need to start thinking about by 40, plus 5 bonus questions before 50, all available for free at frugalfriendspodcast.com/decisions
What Willingness & “Enough” Can Do for You
For the first half of the money decisions, Jen and Jill center on willingness and finding what “enough” looks like for you. They focus on the reality of your present self, looking at your financial goals while also assessing the boundaries of what you’re willing to do to achieve them. This helps draw a line between what you can say yes or no to when faced with a financial decision.
Moreover, they ask questions that encourage us to reflect on what contentment looks like for us, using that as a reflection of our “enough.” It reframes “enough” as the goal rather than simply aiming for the minimum needed to get by.
What Happens After You Reach Your Financial Goals
In the next half, Jen and Jill transition into what happens once you’ve achieved your financial goals and what you’ll do from there. Beyond the lifestyle changes that may follow, they also explore the question of what financial risks you’re willing to take. Because not every money decision is a guaranteed win, understanding your personal risk tolerance and finding your comfort zone can give you more clarity and confidence when making financial decisions.
Are there any on the list you haven’t decided?
Jill hasn’t decided yet how much they will give their kids. Likewise, Jen has yet to sit down and determine how much they want to contribute to their kids and how they’ll communicate those decisions with them in the future.
Bill of the Week
Thank you Jessica for sharing your bill about a budget review that revealed over 13 subscriptions that were forgotten or misaligned values saving $9,050 yearly!
Thanks so Much for Listening!
Don’t miss your free workbook with the 10 Money Decisions You Need to Make Before 40, plus 5 exclusive bonus decisions to make before 50. Because no matter how much you earn or how much you’ve saved, there are money questions you and your family need to have an answer for.
If you don’t have your copy yet, you can instantly download it for free at frugalfriendspodcast.com/decisions.
And because your money decisions don’t have to be made alone, you can also get an outside expert perspective. If you’re ready to take a closer look at your finances, head to frugalfriendspodcast.com/cfp to fill out an interest form for financial planning.
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