The Personal Finance Podcast

← The Personal Finance Podcasthace 4 días · 51 min

5 Ways to Go BROKE (By AGE!)

5 Ways to Go BROKE (By AGE!)hace 4 días51 min

Every decade has its own way of quietly breaking your finances, and most people never see theirs coming until it already happened. 

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What You'll Learn in This Episode

Five ways to go broke in your teens, 20s, 30s, 40s, 50s, and 60s

What waiting ten years to start investing actually costs you

The 20/4/12/10 rule for buying a car without going backwards

Why a house is a lifestyle decision more than a financial one, and the total cost nobody runs

The business risk in your 40s that can force you to start over

Catch-up contribution amounts available at 50 and again at 60