Financial Planning 101 for 40-Year-Olds - Guide to Financial Success

Financial Planning 101 for 40-Year-Olds - Guide to Financial Success

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[MrEscape]

I'm in my 40s. Nice to see videos that speak directly to our age group. So many are focused on the 20s with lots of time or the 60s who are transitioning.

[vvannatta]

I turn 40 this year and looking back I am glad I got that employee match in my 20s and early 30s (before starting my own company). Going to make this decade a lot less stressful than if I hadn't even started yet. God bless everyone out there trying to make it happen!

[SulCoCrazy]

I did not follow the career or financial path that is often described in this show. I’m ok; I think a. Lot of content on this show assumes that one had been disciplined and streamlined in their twenties and thirties - that was not the case with me. I’m now finally in a long term career and am financially catching up. Single unmarried no kids. $60k is what I do annually, that’s very good money in the rural area where I live.

[jessepotter]

"Don't outsmart yourself". Great advice. Even though I started later in life, I'm saving 25% and investing in proven funds. I'll be fine for retirement.

[AnalyticalMenace]

40 something year-old here - I feel so far behind the curve despite being invested three ways from Sunday, actively saving, and slowly but steadily paying off debt. This is mainly due to the fact that I didn't get "fiscally smart" until my mid to late 30s. So, I feel like I'm just playing catch up. What advice do you have for folks late to the game?

[polokato]

Despite being from a US perspective, I enjoy listening from the UK - just as relevant for my future steps in life.

[mere_cat]

I’m in my 40s and I still feel broke. Not my money though; now it’s my body!😂

[nicholaslinetti]

Financial planning is an important aspect of financial stability. It’s crucial to make informed decisions and seek expert advice. With all the information the digital age provides, making uninformed decisions is pure ignorance.

[Wraith]

I juat spent 12k moving to try and pump my pension up. Feels bad.

[matthewmcnemar]

What interest rate do you consider high interest at 40?

[victorolla]

I have a 70 percent pension. Will be able to retire at 55-60. Depends on how many years I buy. How much do I need to save. I make 93k a year.

[r.massattack]

I just turned 49 and up until 2023 all my money was invested in child support. $980 per week. Now that is finally over I'm finally able to have a savings account and I'm heavily invested with my companies 401K. They match up to 25%, I'm currently at 11% with both 401k & ROTH 401K. I have $3500 in CC debt and $5000 left on my car. Then I'll just have my house payment. My mistake was not starting earlier, even with small contributions.

[valkyritza]

What would happen if I never had a 401k and never invested

[SuperT]

When is financial planning 40 for 101 year olds

[NC-itim]

As a 45 year old who has saved over the years, I now realize that it’s time for an adjustment. I finally realize that the government will punish you for saving, basically taxing you for being a good life long saver. I’m still going to save, however just at a very modified rate, which will allow me to spend and enjoy life today. Bottom line, don’t over save, ENJOY TODAY!