1. EachPod

Will You Run Out of Money?

Author
Annette Bau, CFP®
Published
Wed 24 Apr 2024
Episode Link
https://themillionaireinsider.com/what-to-do-about-the-fear-of-running-out-of-money/

Running out of money is not on most people’s bucket list, yet most worry about it. A recent study found that 80% of the interviewees feared running out of money. In another study, people said they were more afraid of running out of money than dying.

And it is a reality for many. Studies show that up to 40% of people rely entirely on Social Security for their retirement income.

In addition, of those living in poverty over age 65, almost 75% are women. Many of these women were not broke or poor while married or working.

In this episode, you will learn:

* How to get your spending under control (and understand why you or a loved one overspend?

* The process of tracking expenses

* One of the most commonly missed reasons people run out of money

* One of the best options to avoid running out of money in retirement

Overview of what you will learn in this episode:

>> (3:43) How to stop overspending

>> (8:08) Where you need to focus your attention and energy

>> (10:29) What to avoid when investing

>> (12:30) Additional tips to create a secure financial future you love

Links Referenced in the Show:

The Financial Freedom Guide:https://themillionaireinsider.com/ffg

Get your Free Financial Checkup: https://themillionaireinsider.com/fc

Show notes and more information:https://themillionaireinsider.com/55 

This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.

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