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How One Couple Saved Over $80k in a Year!

How One Couple Saved Over $80k in a Year!

FromCouple Money Podcast


How One Couple Saved Over $80k in a Year!

FromCouple Money Podcast

ratings:
Length:
17 minutes
Released:
Feb 15, 2022
Format:
Podcast episode

Description

Want to retire early, but your spouse isn't ready? Learn how Jamila and her husband got on the same page with financial independence and saved over $80,000 last year!  Getting on the Same Page with Financial Independence Wouldn't it be fantastic if the two of you were instantly on the same page with your finances? Even though we’re at a place where we’re on the same page with major goals, there’s still times where we have to sit down and figure out the details about how to go about. We try to find solutions that we’re both happy with.  It could be one of persuading the other or it could be putting together a third option. In other words, don’t be surprised when two of you aren’t instantly on the same wavelength.  I believe that’s a strength with marriage – you two are seeing and testing ideas out from different perspectives.  That’s why I really connected with what Jamila said at the top of the show. You can sometimes be enthusiastic about tackling your debt, saving more, or investing towards retirement and your spouse….ehh..not much.  Since you’re in this together, how do you get your spouse on board, especially when it's a huge shift with your finances?  That’s why I’m excited to share from the archives an interview I had with Journey to Launch creator Jamilia Souffrant since she’s been down this path. She has gotten her husband on board with drastically increasing their savings so they could pursue financial freedom and independence. In this episode, we get into: how she and her husband first handled their money and paid down debt discovering financial independence and winning him over how they work together with money and created a system that respects both their styles Hope you enjoy!  Handy Resources for FI Couples If you’re looking to get ahead with your finances as a family, here are more resources to check out! Best Budget and Money Apps: Personal Capital, Tiller, Mint Grow Your Stash Faster: High Yield Savings with CiT Bank Manage Your 401(k) Easily: blooom Jumpstart Your Marriage and Your Money Simplify and Enjoy: Financial Freedom for Families Retire Early By Rethinking Your Priorities How We Saved $85,000 Setting Up Your Retirement with the Right Tools The Shockingly Simple Math Behind Early Retirement Build Your Marriage & Wealth with Money Dates Send in Your Marriage and Money Questions here! Thank You to Our Sponsor Coastal! Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today! We've been members for years and love their service and competitive rates on checking and savings accounts! Rollover Your 401(k) Easily with Capitalize We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier.  Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years.  And because of the Great Resignation, you or someone you know might be changing jobs even more  It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with? One huge benefit with an IRA is you get to choose how your money is invested, not your old employer.  If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.   With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf.  Find out how and get started today!                  
Released:
Feb 15, 2022
Format:
Podcast episode

Titles in the series (100)

Couple Money Podcast tackles how to build your marriage and wealth together! We talk with financial experts, renowned journalists, and real-life couples who have done extraordinary things with their money such as paying off six figures of debt, overcoming financial infidelity, and retiring early! Get the tools and tips that have helped them be successful with their finances and marriage. Each episode covers crucial money topics like lending money to family, dumping debt faster, and the keys to financial independence.