Save Like Dave Podcast
by Save Like Dave
October 27, 2022 11:00 pm
Welcome to the Save Like Dave Podcast where we are on a mission to help you SAVE and WIN with your money no matter how much you are currently making. This is a Christian Finance Podcast teaching you practical tips on saving and investing with lots of interesting examples and unique, applicable life experiences. We are a father/son team with Dave (Nate is Dave’s son and co-host) being the personal finance expert and guru. Dave’s done it and he’s here to help you achieve your financial goals too. Dave’s income was well under $50k in all but 4 years [with the highest year at $73k], but yet he still managed to retire at 55 with over $1M+ saved up. We want you to not just survive financially but to succeed in every area of your life. By faithfully saving and investing you can take control of your financial life. All Save Like Dave Podcast episodes go from anywhere from 14-20 minutes long and teach an important financial concept through engaging stories and practical everyday examples. At the end of each episode, we leave you with an applicable bible verse or quote. 1 new episode comes out each week. We will teach you how to become a consistent saver! In each episode, we promise that you will take away at least one proven tip or piece of advice to get you one step closer to reaching your financial goals. Listen in and begin to apply these financial principles and you too will start to create your own future and begin to live life on your terms. Thanks for allowing us to be a part of your incredible journey!
Saving money for retirement can be difficult.
For one thing, it seems SO far off. Many people tend to kick the can down the road a bit longer than they should and then at retirement they are not happy with the results.
At age 30, the average American has saved $45K for retirement. At 40 it’s $63K, at 50 it’s $124K, and at 60 it’s $172K.
Are YOU AVERAGE?
Today I’m going to show you how YOU can save $1M for retirement. Listen in today to find out how YOU can do it.
Yes, it can be done. With faithful saving and a long-term view, YOU will do it. The earlier you start the better.
With compounding, your money doesn’t just add up like 2 plus 2 equals 4, but it really compounds or in a sense it multiplies.
See, every year, your money earns money, and then the next year that money plus the growth earns money, and on and on. The longer the time horizon you have the greater that exponential growth will be.
Earning $1M in your lifetime is very doable if you plan and beginning early will make it much easier to accomplish.
For those who have started late, don’t despair! I didn’t even factor in the raises you will likely get or the job changes that could bump your pay up significantly.
Questions for Review:
– Does $1 million dollars in your lifetime seem attainable for you?
– Run the numbers, what would it take for you to earn $1M at retirement? It’s time to chart out a plan.
Verse from the Episode: “His lord said to him, ‘Well done, good and faithful servant; you were faithful over a few things, I will make you ruler over many things. Enter into the joy of your lord.” -Matthew 25:21
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