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Dollars & Decades: Mastering Money at Any Age
A new series from Making of a Millionaire
What’s your time horizon?
That’s one of the most important questions to answer to make smart decisions with money.
How much should you save?
How aggressive should your investment portfolio be?
How much—and what type of—insurance do you need?
How much—and what type of—debt should you take on?
Rent or buy?
9-5 or start a business?
These are all issues that are heavily influenced by what stage of life you are in. Someone in their 20s not only has different financial priorities than someone three months from retirement but how they manage common financial issues will also be different.
The problem is that most personal finance content is generic in nature and pays little attention to the different financial needs of people in various stages of life.
That’s why I created a new ongoing series called “Dollars and Decades: Mastering Money at any Age. This series will help you make the best financial decisions possible, given your current age.
The series will focus on three broad themes:
The strengths and weaknesses that younger people and older people have when it comes to managing money—Research has shown that our cognitive abilities decline with age, but our knowledge and lived experiences increase with age. How can you play to your strengths and minimize your weaknesses at your age?
What financial issues are most pressing at each age—For example, paying off student loans for those in their 20s/30s and navigating retirement for older readers.
The “Rational way” to manage money at your current age—What does the research say about how much insurance you need, what portfolio allocation is right, and what amount of debt you should take on at a given age?
About 50% of this series will be available to free subscribers, so if you want to get the whole series, I’d ask that you become a paid subscriber to Making of a Millionaire.
Paid subscribers will also receive free books and resources summarizing the findings for each decade.
For example, by the end of this series, a 20-something paid subscriber will receive a book that summarizes how a typical 20-something can set themselves up for a lifetime of financial success, and paid subscribers in their 60s/70s will receive a book outlining how to nail the “Decumulation” phase of their financial life and live with less money stress.
If you’re not a paid subscriber yet, you can get 10% off your first year by clicking here or the green button below.
If you feel this series will benefit you, but you simply can’t afford to pay anything right now due to financial struggles, email me at firstname.lastname@example.org, and I’ll comp your first 6-months of paid subscription.