Episode Details

Find out where you stand financially and if you're on track to become a millionaire.

Financial experts Meagan McGuire and Sim Terwilliger explain how to evaluate savings strategies, balance debt with investments, and avoid overspending. You'll also learn how understanding opportunity costs can help shape smarter financial decisions.

In today's episode:

06:16 Calculate your current standard of living to estimate retirement expenses

16:03 Front-load retirement savings early in your career

21:45 Compare interest rates to prioritize debt repayment or investing

32:36 Use Investor.gov's calculator to see where you're at on your savings journey

Link mentioned:

• Compound Interest Calculator

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