Redefining Retirement for those in their 20s and 30s - DTS EP.77

Ever wondered how much 20s and 30-year-olds need to be saving for a comfortable retirement? What if we told you that financial independence is a more attainable and exhilarating goal than traditional retirement? 

Listen in, as we redefine retirement and introduce a new concept, financial independence! This idea doesn't just focus on amassing wealth but utilizing your skills and knowledge gained in the workforce to empower your personal life. We'll take you on a unique exploration of how financial independence varies for each individual, depending on their lifestyle and goals. We also delve into the risks associated with early planning and the unpredictable nature of life events, emphasizing the importance of setting clear goals, especially for couples.

We've got your back when it comes to determining the cost of financial independence. We discuss the influence of inflation, taxes, and liquidity on your financial stability, shedding light on the importance of early savings and adjusting as your income grows. 

Even if you are not in your 20s or 30s we'd encourage you to listen and use this episode as a litmus test for how well you've prepared for whatever stage of your financial journey you are on.

Keep an eye out for our special Ditch the Suits coming out after this release. We will share the vision behind Travis' 'Unleashing Leadership' podcast and why you should subscribe! 
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Looking for additional content that can help you get the most from your life? Check out Unleashing Leadership with Travis Maus, premium bonus content from Ditch the Suits Fans, at https://unleashingleadership.buzzsprout.com/

Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com

Ditch the Suits is produced by NQR Media. NQR also produces the One Big Thing Podcast with Steve Campbell.

You can watch all episodes, as well as other great content produced by NQR Media through their YouTube channel at https://youtube.com/@NQRMedia

📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com/ or email us at info@ditchthesuits.com

👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia

⭐⭐⭐⭐⭐ We'd also love for you to subscribe to this podcast and leave a 5-star rating and review

Chapters:
00:00 - Intro
00:08 - Navigating Money and Retirement
10:09 - Unleashing Leadership and Achieving Financial Independence
13:51 - Defining Financial Independence for Individuals
17:00 - Financial Independence and Retirement Planning
25:41 - Determining the Cost of Financial Independence
35:48 - Aging Gracefully and Maximizing Your Money