There’s a lot of crappy financial advice out there. Some sayings you might hear all the time and you’re not even sure where they even originated- maybe they’re more of a proverbial phrase. There are also bits of wisdom that might have been good at some point, but are now just outdated- it’s time to retire those old ways of thinking! And other phrases might just be broad blanket statements, but our financial landscape today requires a bit more nuance. We’re going to tackle some of these sayings and determine what we should and shouldn’t be doing with our money.
- Emily and Joel are onboard with Kroger’s ClickList (now known as Grocery Pickup- whoa vanilla). In the meantime, Kate and I will maintain our allegiance to Aldi and will also contemplate if we should find new best friends…
- Our friend Carl has a great post on happiness we’d recommend checking out.
- While saving 10% is standard advice, we want to take it a step further: Save 20% with half going towards retirement in either a work matched 401k, HSA, or your own Roth IRA and then the other half going towards long term savings goals while it grows in a high interest savings account.
- Previous episodes mentioned: Your House is an Awful Investment and Isn’t Stock Investing Risky?
- While Dave Ramsey has some wise words regarding money, we don’t agree with him when it comes to credit cards. There are serious benefits that come with using credit cards as a tool. Head to CardRatings where you can compare the benefits and learn how to apply to the best card for you.
During this episode we enjoyed a Golden Sabbath by Big Island Brewhaus- another big thanks to Cody in Hawaii for donating these beers to the show this week! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcastsor wherever you get your podcasts- we’d love to hear from you.
Best friends out!