The Mind Money Spectrum Podcast

#65. The most important financial advice for someone in their 20's.

March 09, 2021 Aaron Agte and Trishul Patel Season 2 Episode 13
The Mind Money Spectrum Podcast
#65. The most important financial advice for someone in their 20's.
Chapters
The Mind Money Spectrum Podcast
#65. The most important financial advice for someone in their 20's.
Mar 09, 2021 Season 2 Episode 13
Aaron Agte and Trishul Patel

The simplest financial advice for someone in their 20's is to Save More.

In this episode, Aaron and Trishul discuss the simplest financial advice they can give someone in their 20's. It is to Save More. They go deep on all the reasons why this simple advice is so fundamental to every other financial objective. They discuss the implicit benefits of spending less, maxing out your 401k, and compound growth. Saving more can give you flexibility, options, and a sense of control of your life. So invest smarter, not harder by saving sooner rather than later.

Episode References

Investing Forever - Passive Is the New Aggressive
Graystone Advisor - Financial Independence at 55 or 65?
F.I.R.E.
Simple Math behind Early Retirement
Years to Retirement
MMS #56 - The most important rule in finance
Kitces - The Real Reason Big Savers Retire Early

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

The simplest financial advice for someone in their 20's is to Save More.

In this episode, Aaron and Trishul discuss the simplest financial advice they can give someone in their 20's. It is to Save More. They go deep on all the reasons why this simple advice is so fundamental to every other financial objective. They discuss the implicit benefits of spending less, maxing out your 401k, and compound growth. Saving more can give you flexibility, options, and a sense of control of your life. So invest smarter, not harder by saving sooner rather than later.

Episode References

Investing Forever - Passive Is the New Aggressive
Graystone Advisor - Financial Independence at 55 or 65?
F.I.R.E.
Simple Math behind Early Retirement
Years to Retirement
MMS #56 - The most important rule in finance
Kitces - The Real Reason Big Savers Retire Early

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.