Sam of Financial Samurai shares the average 401k balance and why it's too low.
Episode 820: The Average 401k Balance And Why It's Too Low by Sam Dogen of Financial Samurai on Retirement Savings
Sam Dogen's net worth took a beating in 2009 as the world was falling apart. He thought it would be a good idea to start a personal finance site to help himself and others make sense of chaos. After all, he had spent 10 years working in the finance industry, got his MBA from Cal, invested and saved aggressively, and still got financially rocked! Since then, more than 20 million visitors have stopped by FinancialSamurai.com.
The original post is located here: https://www.financialsamurai.com/the-average-401k-balance-and-why-its-too-low/
Please Rate & Review the Show!
Visit Me Online at OLDPodcast.com & in The O.L.D. Podcasts Facebook Group!
and Join the Ol' Family to get your Free Gifts
This episode is proudly sponsored by DesignCrowd! Get $100 off your first design project with the coupon code FINANCE: DesignCrowd.com/Finance
Learn more about your ad choices. Visit megaphone.fm/adchoices

820: The Average 401k Balance And Why It's Too Low by Sam Dogen of Financial Samurai on Retirement Savings

Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone.

Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of financial tips; it’s a daily companion that guides you towards financial freedom and savvy money management, all delivered with Diania's trademark enthusiasm and expertise.

Listen now, and become an OLD friend--your optimal life awaits...

Education

Training

Language Courses

Higher Education

K-12

Educational Technology

Business

Investing

Careers

Management & Marketing

Business News

Shopping

Self-Improvement

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2718:
Leasing a car often appeals to those wanting new technology and safety without the financial burden of buying. Vicki Cook and Amy Blacklock explore practical reasons like lower monthly costs and minimal repair responsibilities, revealing why leasing, despite its drawbacks, can be an attractive option for modern consumers.
Read along with the original article(s) here: https://womenwhomoney.com/best-reasons-lease-car/
Quotes to ponder:
"Leases are an attractive option because payments average over $100 less per month than finance payments on a new car purchase."
"Since a vehicle lease is usually for three years, it's always under warranty, so significant repairs and costly maintenance is generally avoided."
"If your budget can’t support buying your dream car and you aren’t willing to scale back or buy used, leasing may be a better option than purchasing."
Learn more about your ad choices. Visit megaphone.fm/adchoices

2718: What are the Best Reasons to Lease A Car? by Vicki Cook and Amy Blacklock of Women Who Money

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2717:
Paula Pant of AffordAnything.com explores the value of outsourcing to balance work and life. She examines the financial logic behind outsourcing mundane tasks to maximize productivity and personal time, making a strong case for investing in your well-being through strategic delegation.
Read along with the original article(s) here: https://affordanything.com/when-should-i-outsource/
Quotes to ponder:
"The more you outsource, the more you trade money for the most valuable possession on earth: time."
"Parkinson’s Law states that work expands to fill the time you give it. Spend fewer hours working, and you’ll be able to do more in less time."
"Limit your hours, outsource at work, and value your time."
Learn more about your ad choices. Visit megaphone.fm/adchoices

2717: You Can't Work 168 Hours a Week by Paula Pant of Afford Anything on Personal Finance & Work-Life Balance

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2716:
Discover the joys of boosting your income through enjoyable activities in Adam Murray's insightful guide, "8 Ways To Make Extra Money (While Enjoying It)." Murray offers practical tips ranging from doggy daycare to tutoring, providing flexible options that don't just add to your wallet but also to your happiness.
Quotes to ponder:
"The thing is that we don’t want to put in more hours to do something we don’t like, especially when we’re already working so hard."
"If you have something that’s just sitting there, then why not?"
"Chances are, you can put it all to use."
Episode references:
Rover.com: https://www.rover.com/
Airbnb: https://www.airbnb.com/
Tutor.com: https://www.tutor.com/
Teachable: https://teachable.com/
Kajabi: https://kajabi.com/
Wrapify.com: https://wrapify.com/
FatLlama.com: https://fatllama.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices

2716: 8 Ways To Make Extra Money While Enjoying It by Adam Murray of Living This Good Life on Side Hustles

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2715:
Explore how simplicity in investing outperforms the allure of high-risk ventures in Kevin Ha's enlightening piece. He demystifies investment strategies using personal anecdotes about his brother’s journey, underscoring the power of fundamental investment principles over chasing speculative gains.
Read along with the original article(s) here: https://financialpanther.com/dont-keep-joneses-comes-investing/
Quotes to ponder:
"Buy and hold. Time in the market. Keep costs low. These are all investing fundamentals that will get him to where he needs to be."
"Every time my brother brings up some new hot stock or a weird new investment vehicle, I remind him that investing doesn’t have to be fancy."
"You don’t need to keep up with the Joneses. Let them invest in whatever crazy way they want. You and I can stick to our boring old fundamentals."
Learn more about your ad choices. Visit megaphone.fm/adchoices

2715: You Don’t Have To Keep Up With The Joneses When It Comes To Investing by Kevin Ha of Financial Panther

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2714:
In "When Intentional Parenting Kinda Sucks," Shawna Scafe candidly shares the complexities of aligning parenting expectations with reality. This heartfelt reflection explores the challenges of family road trips and the pressures of intentional parenting. Shawna's personal anecdotes offer comfort and camaraderie to parents grappling with their ideals versus the actualities of raising children.
Read along with the original article(s) here: https://simpleonpurpose.ca/family-road-trip-intentional/
Quotes to ponder:
"Sometimes those ‘things’ and ‘intentions’ kind of suck to put into progress."
"I get so overwhelmed with the crying and the fits. I get so frustrated that I become irrational. THEN every little thing that has ever made me mad is like, ‘oh heeeeey! you haven’t thought about me in a while, let’s hang out in your brain and mess up your ability to be loving and kind’."
Learn more about your ad choices. Visit megaphone.fm/adchoices

820: The Average 401k Balance And Why It's Too Low by Sam Dogen of Financial Samurai on Retirement Savings

Download our free app to listen on your phone