This One Change Could Mean I Have $860k MORE IN RETIREMENT! Our Retirement Account Balances!



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We are chasing Financial Independence but are also optimising our retirement accounts. I use a simple formula to calculate if we will have enough in retirement!

In this video is share how important investing for retirement is and how you might not be investing enough to retire comfortably. I share the balances of our retirement accounts and how much we contribute. I also talk about why my balance is so much more than my husbands. I explain how we are going to use a two phase approach to reach financial independence and retire early.

I share how I use the rule of 72 to see how our investments are tracking. I share our investment allocations and why we chose the ones that we did, we wanted higher risk and lower fees. I share our insurance, what we are covered for and how much it costs. And I talk about our future plans and that we really want to start contributing more to my husband's retirement accounts.

Welcome to Family Finance where I chat all things personal finance and in particular family finances, how to save money, investing, budgeting and how to stay on track with your financial goals. Our goal is to build our passive income to reach financial independence, also know as FI.

Other videos you might enjoy ...
OUR RETIREMENT PLAN: https://www.youtube.com/watch?v=niBnx43WajI&t=10s
OUR $1000/MONTH DIVIDEND INCOME: https://www.youtube.com/watch?v=gbatArf0uDs
DEC NET WORTH: https://www.youtube.com/watch?v=9TbVxe2PiYk
UPDATED BUDGET: https://www.youtube.com/watch?v=-X7zUTxU8mM&t=83s
OUR STOCK PORTFOLIO: https://www.youtube.com/watch?v=WGFva5HJmTU

Find me on Facebook: https://www.facebook.com/Family-Finance-103181858073913/
Find me on Instagram: https://www.instagram.com/familyfinance_/

MY ETSY SHOP: https://www.etsy.com/au/shop/FamilyFinance

AFFILIATE LINKS

4 Months Free with SHARESIGHT: https://www.sharesight.com/familyfinance

Shop Back: https://app.shopback.com/nkVqgskJ49
Cash Rewards: https://refer.cashrewards.com.au/x/VzrCNY

BOOKS TO READ
Motivated Money: https://amzn.to/2R1YJcz
DIE WITH WITH ZERO: https://amzn.to/3CfizpY
The Simple Path to Wealth: https://amzn.to/327vpYz
Your Money or Your Life: https://amzn.to/3jZm3o3
The Index Card: Why Personal Finance Doesn't Have to Be Complicated: https://amzn.to/3tzcsdl
I Will Teach You To be Rich: https://amzn.to/35gvv2g
The Barefoot Investor: https://amzn.to/336AKP5
Money Made Simple by Noel Whittaker: https://amzn.to/327Elxa
Atomic Habits: https://amzn.to/32cCh7j
The 5am Club: Own Your Morning, Elevate Your Life: https://amzn.to/3h7PZwc

HOW I MAKE MY VIDEOS
I use Keynote to make my slides using images and text for from Canva:
https://www.canva.com/join/rake-gardens-nails
I then record my audio using my blue yeti microphone: https://amzn.to/2ZfJv8A
I then use iMovie to link my audio with the Keynote slides.

Please note: some of these links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.

Disclaimer:
The information on this YouTube channel and the links provided are for entertainment and general information only and should not be taken as constituting professional advice. I am not a financial advisor. The information on this channel is personal to my situation and does not take into account your personal circumstances. You should do your own research and if necessary consider seeking independent financial advice that is related to your unique circumstances.

#retirement #financialindependence #familyfinance
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