Don’t let compounding interest work AGAINST you!
This episode is full of examples showing how small shifts in your thinking about everyday, necessary purchases can have powerful results. Whether it’s your Netflix subscription or your mortgage, we’ll show you how to assess which changes you should make to your spending habits to get the most out of your army of dollar bills while still enjoying your life.
In this episode, you’ll learn:
- How powerful your dollars are at your specific age
- Why large purchases are more of a threat to your finances than your lattes
- How to maximize the money you save on budget changes
- Where to find another $1.7 million for your retirement fund
Research and resources from this episode:
- Report: Avg. Person Spends $273 Per Month on ALL Subscription Services (and Doesn’t Realize It’s That Much!) (TV Line)
- US streaming services pick up viewers (YouGov America)
- Coronavirus viewing: More people are sampling new streaming services (LA Times)
- How Much Time Does the Average American Spend on Their Phone in 2021? (Tech Jury)
- Real Median Household Income in the United States (FRED)
- Median Sales Price for New Houses Sold in the United States (FRED)
- THE AVERAGE AGE OF MUSCLE CAR BUYERS IS OVER 50 – WHAT IT MEANS FOR THE CHALLENGER, MUSTANG, AND CAMARO? (Top Speed)
- Luxury car makers are battling to cater to the changing needs of the super-rich (Financial Times)
- Dodge Muscle Owners Are Youngest In Muscle Car Segment (Miami Lakes Auto Mall)
- How Old is the Average Porsche Buyer? (Porsche Colorado Springs)
- Marketing to Ferrari Owners through a Direct Marketing Database (Data Masters)
- Chevrolet Seeing Twice As Many Gen X Buyers With The New C8 Corvette (Corvette Blogger)
- 2020 Honda Accord Cost to Own (Edmunds)
- 2020 BMW 3 Series Cost to Own (Edmunds)
