Episode 21 Finding Your Purpose in Life & Achieving Financial Independence, Diversifying Your Portfolio & Planning Your Retirement

Episode Summary: 

It’s time to work on achieving your money goals, smartly diversify your portfolio and plan your retirement. In this week’s episode of Business Briefs with Matt Ruttenberg, we’re covering all of this and more. Tune in and get ready to make notes!

Main Takeaways

• How to have conversations about money with your partner:

1. Start by addressing the topic lately.

2. Try to get rid of the “instant gratification” mindset.

3. Work on the goals together, inch by inch.
   

   Tangible steps to achieve financial independence: 

1. Understand where your money is going.

2. Create a budget.

3. Pay your high-interest debts.

4. Start saving for your long-term goals and retirement.

5. Try to have multiple sources of income.

• You should be saving at least 10-15% of your income for your retirement and other goals.

• Your financial independence number should roughly be about 25x times your annual expenses.

  Tips to diversify and safeguard your portfolio:

1. Use low-cost index funds.

2. Don’t put more than 10% of your money into one single company.

3. Keep your investments simple. 

4. Don’t try to get into active management.

Connect with Matt Ruttenberg:

• Website: https://lifeincrs.com/

• Tax Credit Calculator: https://lifeincrs.com/tax-credits/

• Retirement Plan Evaluator: https://lifeincrs.com/retirementplanevaluator/

• LinkedIn: https://www.linkedin.com/in/matt-ruttenberg-a7816727/

Connect with GBP Law:

• Website: https://www.gbplaw.com/

• Instagram: https://www.instagram.com/gbplaw/

• Facebook: https://www.facebook.com/GBPLaw

• LinkedIn: https://www.linkedin.com/in/gbplaw/

• Your Contract Buddy: https://yourcontractbuddy.com/

• SubscribeLaw™: https://girijapatel.podia.com/subscribelaw

• For Collaborations & Sponsorships: PR@gbplaw.com

Watch the episode on YouTube: ttps://youtu.be/Bn6x69TMkPk