Podcast Episode

12

#12 - Financial Health In Your 30's

During this 13th episode of the Simplifynance Podcast, host Rachel Stewart discusses the ways to stabilize your financial health in your 30s. With so many things changing seemingly all at once at this stage of life, your finances can take a HUGE detour if you’re not paying attention.

Episode Highlights:

0:48     What can you do to set yourself up for success?

0:55     Managing good debt and differentiating that from bad debt.

1:38     What does it mean to max out a 401(k)?

2:07     Retrain your brain to plan for the things that can go wrong

3:00     When should you start financial planning?

3:24     Sleep.  Who needs sleep?!  YOU DO!

3 Key Take-Aways

1. The only person who gets to control who separates you from your money is YOU.

2. 3-6 months of salary is the rule of thumb for how money to keep on hand in the event of an emergency.

3. $19,000 is the max you can contribute to a 401(k) in 2019, per IRS regulations.  

Resources Mentioned:

Simplifynance Resources

Contact:

Rachel Stewart