Chapter
Clips
The speaker advocates for keeping bank accounts and investments separated and explains target-date funds as an investment option for retirement planning.
57:52 - 59:55 (02:02)
Summary
The speaker advocates for keeping bank accounts and investments separated and explains target-date funds as an investment option for retirement planning.
ChapterManaging Your Money: Separating Savings and Expenses
Episode#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
PodcastThe Tim Ferriss Show
With sub savings accounts, managing and tracking your money becomes easier by separating funds for specific goals.
59:55 - 1:00:25 (00:30)
Summary
With sub savings accounts, managing and tracking your money becomes easier by separating funds for specific goals. Consider setting up sub accounts for shorter term goals such as holiday spending or other irregular expenses.
ChapterManaging Your Money: Separating Savings and Expenses
Episode#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
PodcastThe Tim Ferriss Show
Learn about investing for retirement through using target date funds which typically shift your portfolio towards more conservative investments as you approach your targeted retirement year.
1:00:25 - 1:01:54 (01:28)
Summary
Learn about investing for retirement through using target date funds which typically shift your portfolio towards more conservative investments as you approach your targeted retirement year. Utilizing a tool like the "rule of 72" can help you estimate the time for your invested money to double.