Chapter

Managing Your Money: Separating Savings and Expenses
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57:52 - 1:01:54 (04:01)

Financial advice on separating your savings and expenses, with tips on using target date funds for retirement planning and allocating funds for fixed expenses.

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)
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Investing
Summary

The speaker advocates for keeping bank accounts and investments separated and explains target-date funds as an investment option for retirement planning.

Chapter
Managing Your Money: Separating Savings and Expenses
Episode
#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
Podcast
The 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)
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Sub Savings Accounts
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.

Chapter
Managing Your Money: Separating Savings and Expenses
Episode
#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
Podcast
The 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)
listen on Spotify
Investing
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.

Chapter
Managing Your Money: Separating Savings and Expenses
Episode
#371: Ramit Sethi — Automating Finances, Negotiating Prenups, Disagreeing with Tim, and More
Podcast
The Tim Ferriss Show