Why is a couple making $500,000 a year feel like they’re just getting by? Shouldn’t they feel better off than most people? On today’s roundtable we’ll examine the budget of the couple who feel just “average” and discuss why lifestyle inflation can eat up more of our income than we expect. Joining us on today’s show we welcome special guest Michael Anderson (from Maranantha.com), Paula Pant (from AffordAnything.com), and from our very own podcast, OG.
Halfway through the
And during our Magnify Money Call, we’ll answer a voicemail from Annie. Annie’s on the track to be debt-free. She’s already been investing into her retirement accounts, and she has a four month emergency fund saved up right now. Annie will complete her last goal after she pays off her car loan and ups her emergency fund to six months. What should be her next milestone?
As always, of course, we’ll still save some time for Doug’s trivia.
You find more on Michael at his site: Maranantha.com
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
<21:09> Retirement Budget Calculator
You can find the Retirement Income Calculator at StackingBenjamins.com/calculator
Want to hear more from Jason? You can listen to the Sound Retirement Planning podcast at Jason’s site: SoundRetirementPlanning.com
<37:09> Doug’s Trivia
- What year was David Letterman born?
<47:18> Magnify Money Line
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- Not only is Annie about to be debt-free, but been she’s investing her cash AND has a four month emergency fund. After she finishes paying down on her car loan she’ll bump up the emergency fund to six months, but that’s her last goal. What should be her next milestones?