Ep16: $500,000 income and very little to save!
After we have discussed, that Cardone’s views on 401(k) plans might be a bit harsh, and what Index Funds and ETFs are, in this episode we discuss that these are not the main challenges American household have, but a much more mundane one. The biggest challenge they have is the simple act of putting money aside in the first place. In other words: saving money!
In this episode, we will have a look at a couple that makes $500,000 a year and still has trouble to put money aside, besides the obligatory 401(k) contributions.
We will discuss their income, their expenses, their personal preferences and their financial risk they might be facing if one of them stops working.
*The original article was published on CNBC and can be seen in the links below.
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