Old Savings Strategies Are Outdate: Do This Instead (#290)

Financial Advisors Say The Darndest Things by A.B. Ridgeway

Episode notes

A.B. Ridgeway tackles the conventional wisdom of saving more and spending less as a surefire strategy for retirement. Through historical analysis and personal anecdotes, he underscores how modern financial challenges—such as high inflation, increased debt, and lower savings interest rates—demand a more nuanced approach. Ridgeway explores the pitfalls of relying solely on savings accounts and offers actionable advice on smarter investment strategies that can help secure a more stable financial future.

  1. Historical Context of Savings: Ridgeway explains how the high-interest savings accounts of the 1980s are a thing of the past. With modern savings rates often below 0.1%, the money saved is effectively losing value due to inflation, making it critical to find better investment opportunities.
  2. Impact of Inflat ... 
 ...  Read more
Keywords
savingssaving moneyi need help saving moneywhat are strategies for saving moneysavings help you retiream i saving enough for retirementwhen should i start saving for retirementretirees saving for retirementsavings for retirement is changingchallenges you face saving for retirementsaving money eating outsaving for retirementemergency savingsIncrease Your SavingsRetirement Savings