Episode 20: Weekly FIVES, 1 of 250

the Weekly FIVES Series [1 of 250]: This is the first episode of the FIVES (financial independence vs. endless struggle) in a 5 year weekly series. We aim to advocate for the financial underdog, redefining wealth by providing the unlock to save hard-working humans 10-15 years of the 9 to 5 grind.

This episode is all about leveling-up our knowledge on the current financial backdrop in the U.S. to help you build your financial strategy.  It starts off with putting $1 trillion dollars in context and revealing the richest 10% of Americans now own 92% of the stock market.  

5 Simple Macro Take-Aways to Jump Start Your Financial Journey by providing current economic picture:

1.      US National Debt jumped 50% in 4 years, from 22t to 34t and we are now running 1.7t deficit, $5b/day – unsustainable 

2.      M2 money supply (all cash in checking/savings, CD’s) jumped 40% in 2 years, from 15t in 2020 to 21t in 2022

3.      Inflation has increased 16.6% in that 3 years

4.      Stock market 2023 review

5.      What can we do to hedge against inflation and the macro deterioration?

The FIVES Challenge (edit the bold to fit your goals):

1. Starting Jan 2024, we will invest aggressively towards FI,

2. by contributing 50% of our monthly expenses into our F (freedom) bucket,

3. by maxing out 401k and DCA the rest into 5 stocks or ETF’s,

4. for the next 5 years (until Jan 2029),

5. to reach financial freedom 5 years early so we can travel young

If this episode moves you in any way, please share with friends, family, your teenage kids, and tune in next week. Thank you!

Find the Life In Twenty & Weekly FIVES podcasts two ways:
1. our website: www.lifeintwenty.com
2. download our podcast to your phone, give us a follow to receive new episodes automatically – we’d be super grateful if you left a review 🙂

Follow Paul’s FU Challenge ($500k in 5 years) @lifeintwenty on Twitter

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FIVES: Financial Independence Vs. Endless Struggle. No More 9 to 5 until 65.