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Episode 008: Mastering Money with Financial Rules of Thumb

57:48
 
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Manage episode 415577403 series 3553421
thefinancegeekspodcast에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 thefinancegeekspodcast 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

A financial heuristic is a mental shortcut you use to make financial decisions quickly and easily. These are also known as financial rules of thumb, and can guide your financial choices without requiring extensive analysis and avoiding information overload. In this episode of The Finance Geeks, we're putting these financial rules of thumb under the microscope.

We'll explore popular rules like the 50/30/20 Rule (50% Needs, 30% wants, 20% invest), the Rule of 72 (calculating investment doubling time), the 100-minus-your-age asset allocation strategy and the Pareto Principle (80/20 Rule), plus many more, revealing their strengths and limitations.

==========================

Chapters:

0:00 - Intro

8:33 - Hot Off The Press

18:40 - The Focal Point: Financial Rules of Thumb

44:07 - Two Pennies Worth

49:56 - Quotes & Anecdotes

==========================

Follow us our our social media channels:

Instagram: https://www.instagram.com/thefinancegeekspodcast/

X: https://twitter.com/TheFinanceGeeks

YouTube: https://www.youtube.com/@thefinancegeeks

==========================

Podcast Reference Links:

Everything you need to know about St George

https://www.english-heritage.org.uk/visit/inspire-me/everything-you-need-to-know-about-st-george-and-the-farleigh-hungerford-mural/

9 things you didn't know about St George

https://www.english-heritage.org.uk/visit/whats-on/st-georges-day/9-things-you-didnt-know-about-st-george/

Bitcoin Halving Event Of 2024: The Aftermat

https://www.forbes.com/uk/advisor/investing/cryptocurrency/bitcoin-halving-event-2024/

Bitcoin Will Pass $250K, Central Banks Will Jump In Before Next Halving

https://www.ibtimes.com/bitcoin-will-pass-250k-central-banks-will-jump-before-next-halving-bitwise-cio-3730541

Gold prices hit an all-time high

https://www.cnbc.com/2024/04/01/gold-prices-hit-all-time-high-what-to-know-before-investing.html

FTSE and why it is going up

https://news.sky.com/story/ftse-100-record-highs-do-not-reflect-a-recovery-for-uk-plc-heres-why-13121695

The Rule of 72: Definition, Usefulness, and How to Use It

https://www.investopedia.com/terms/r/ruleof72.asp

Budget Planning Guide

https://tandemfinancial.co.uk/wp-content/uploads/2022/05/Budget_Planning_Factsheet.pdf

The 10/10/10 Rule For Tough Decisions

https://www.fastcompany.com/3007613/10-10-10-rule-tough-decisions

Handy Money Rules of Thumb

https://www.nerdwallet.com/article/credit-cards/handy-money-rules-of-thumb-for-a-quick-financial-checkup

Financial Rules of Thumb

https://www.getrichslowly.org/financial-rules-of-thumb/

Pareto Principle (80:20 Rule)

https://en.wikipedia.org/wiki/Pareto_principle

The Obstacle is the Way (Book)

https://tandemfinancial.co.uk/book-reviews/the-obstacle-is-the-way/

The Money Plan (Book)

https://amzn.eu/d/6wwGjOe

City Mapper (App)

https://citymapper.com/?lang=en

Red Eye (Film)

https://www.itv.com/watch/red-eye/10a4437

  continue reading

23 에피소드

Artwork
icon공유
 
Manage episode 415577403 series 3553421
thefinancegeekspodcast에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 thefinancegeekspodcast 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

A financial heuristic is a mental shortcut you use to make financial decisions quickly and easily. These are also known as financial rules of thumb, and can guide your financial choices without requiring extensive analysis and avoiding information overload. In this episode of The Finance Geeks, we're putting these financial rules of thumb under the microscope.

We'll explore popular rules like the 50/30/20 Rule (50% Needs, 30% wants, 20% invest), the Rule of 72 (calculating investment doubling time), the 100-minus-your-age asset allocation strategy and the Pareto Principle (80/20 Rule), plus many more, revealing their strengths and limitations.

==========================

Chapters:

0:00 - Intro

8:33 - Hot Off The Press

18:40 - The Focal Point: Financial Rules of Thumb

44:07 - Two Pennies Worth

49:56 - Quotes & Anecdotes

==========================

Follow us our our social media channels:

Instagram: https://www.instagram.com/thefinancegeekspodcast/

X: https://twitter.com/TheFinanceGeeks

YouTube: https://www.youtube.com/@thefinancegeeks

==========================

Podcast Reference Links:

Everything you need to know about St George

https://www.english-heritage.org.uk/visit/inspire-me/everything-you-need-to-know-about-st-george-and-the-farleigh-hungerford-mural/

9 things you didn't know about St George

https://www.english-heritage.org.uk/visit/whats-on/st-georges-day/9-things-you-didnt-know-about-st-george/

Bitcoin Halving Event Of 2024: The Aftermat

https://www.forbes.com/uk/advisor/investing/cryptocurrency/bitcoin-halving-event-2024/

Bitcoin Will Pass $250K, Central Banks Will Jump In Before Next Halving

https://www.ibtimes.com/bitcoin-will-pass-250k-central-banks-will-jump-before-next-halving-bitwise-cio-3730541

Gold prices hit an all-time high

https://www.cnbc.com/2024/04/01/gold-prices-hit-all-time-high-what-to-know-before-investing.html

FTSE and why it is going up

https://news.sky.com/story/ftse-100-record-highs-do-not-reflect-a-recovery-for-uk-plc-heres-why-13121695

The Rule of 72: Definition, Usefulness, and How to Use It

https://www.investopedia.com/terms/r/ruleof72.asp

Budget Planning Guide

https://tandemfinancial.co.uk/wp-content/uploads/2022/05/Budget_Planning_Factsheet.pdf

The 10/10/10 Rule For Tough Decisions

https://www.fastcompany.com/3007613/10-10-10-rule-tough-decisions

Handy Money Rules of Thumb

https://www.nerdwallet.com/article/credit-cards/handy-money-rules-of-thumb-for-a-quick-financial-checkup

Financial Rules of Thumb

https://www.getrichslowly.org/financial-rules-of-thumb/

Pareto Principle (80:20 Rule)

https://en.wikipedia.org/wiki/Pareto_principle

The Obstacle is the Way (Book)

https://tandemfinancial.co.uk/book-reviews/the-obstacle-is-the-way/

The Money Plan (Book)

https://amzn.eu/d/6wwGjOe

City Mapper (App)

https://citymapper.com/?lang=en

Red Eye (Film)

https://www.itv.com/watch/red-eye/10a4437

  continue reading

23 에피소드

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