026 | What Is Now | Sacrificing For Retirement, Money Advice For New Grads, & Peter Gives Us "The Talk."
Show Summary:
In this week’s What Is Now (W.I.N.) episode, we discuss:
- Sacrificing For Retirement
- Peter Gives Us “The Talk”
- Money Advice For New Grads
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Intro:
The team starts with a new intro as we work on being more professional. Gary talks about his trip to Chicago for his son’s hockey tournament. Peter just returned from Connecticut and has bad poison ivy. Sarah went to Cape Cod to celebrate Father’s Day with her family. She has taken tanning to a whole new level. Everyone is happy to be back traveling again.
W.I.N. #1:
Sarah talks about 19 things we may need to sacrifice in order to retire. This leads to a discussion about spending on what we value and the idea of starting with the end in mind. The word sacrifice can lead to a scarcity mindset and we do not believe in that. We talk about how to enjoy life now while also planning for your future.
W.I.N. #2:
Peter talks about how to communicate with your kids about “the birds and the bees.” This leads to a good conversation about communicating with kids about food, money, and all other things. The conversation also takes some awkward twists and turns.
W.I.N. #3:
Gary and the team give money advice to new grads. Some of the advice given is:
- Start your 401K immediately
- Live at home as long as possible
- Buy a used car
- Pay off your loans ASAP
- Start saving 40% or more of your income right away
- Don’t try and keep up with your friends
- Learn to say no to going out and lifestyle inflation
Fan Feedback:
Voice Memo #1:
Our first message is from a listener who wants to know if sleeping with a fan is good or bad. She also wants Peter to learn to enjoy spending money eating out.
Voice Memo # 2:
Our second message is from a listener who likes our mouth taping and suggests a surgical procedure called MIST (Minimally Invasive Sinus Technique) that can help people breathe and sleep better. It also helps with making out!
Resources Mentioned In This Episode:
Next Show:
015 | Better Every Day, Or Good Enough | Jasmin Keramaty
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