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In this episode of the 'Retire Early Retire Now' podcast, certified financial planner and Palm Valley Wealth Management owner Hunter Kelly discusses the financial goals high-income earners should aim to meet by age 40. He explores benchmarks such as creating and tracking a financial plan, building an emergency fund, reducing consumer debt, saving three to five times annual income for retirement, and investing outside of retirement accounts. Kelly also offers actionable steps, including automating finances, prioritizing tax efficiency, increasing income, and avoiding lifestyle creep, to help listeners achieve these goals and gain financial flexibility in their 40s.
00:00 Introduction to Retire Early Retire Now Podcast
00:21 Challenges of the Thirties
01:55 Setting Financial Benchmarks for Age 40
05:01 Goal 1: Have a Financial Plan
08:32 Goal 2: Build an Emergency Fund
11:46 Goal 3: Eliminate Consumer Debt
16:25 Goal 4: Save for Retirement
20:22 Goal 5: Invest Outside Retirement Accounts
25:01 Actionable Steps to Achieve Financial Goals
33:03 Conclusion and Final Thoughts
Check out the Palm Valley Wealth Management WebsitePalmValleywm.com)Check us out on Instagram)LinkedIn) Facebook)Listen to the Podcast Here! Apple)Spotify)
