A Step-By-Step Guide to Financial Independence - The Next Dollar Roadmap - Intro
This is the introduction video for my 10-episode series on my recommended path to financial independence which I call The Next Dollar Roadmap.
The purpose of the Next Dollar Roadmap is to serve as a guide for anyone to jump on the path to financial independence from wherever they are financially, and to make the optimal or best use of each and every “next dollar” until they reach their financial independence goals.
On the Roadmap, we’ll cover budgeting, cash savings, debt elimination, saving & investing, saving for your kid’s education, and managing wealth after you reach financial independence.
As each episode is posted, I’ll update the links in this video description and place links in the videos themselves.
The Next Dollar Roadmap - • A Step-By-Step Guide to Financial Independ...
Starting Point: Creating A Budget - • The Next Dollar Roadmap to Financial Indep...
Milestone 1: The Uh-Oh Fund - • The Next Dollar Roadmap to Financial Indep...
Milestone 2: Take Advantage of Your Employer Match - • The Next Dollar Roadmap to Financial Indep...
Milestone 3: Pay Off Toxic Debt - • The Next Dollar Roadmap to Financial Indep...
Milestone 4: Full-Sized Emergency Fund - • The Next Dollar Roadmap to Financial Indep...
Milestone 5: Save 15% to 25% in Tax-Advantaged Retirement Accounts - • The Next Dollar Roadmap to Financial Indep...
Milestone 6: Invest for Flexibility - • The Next Dollar Roadmap to Financial Indep...
Milestone 7: Prefund Kid’s Education Needs - • The Next Dollar Roadmap to Financial Indep...
Milestone 8: Pay Off Remaining Debt - • The Next Dollar Roadmap to Financial Indep...
Milestone 9: Total Financial Independence - • The Next Dollar Roadmap to Financial Indep...
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00:00 - Start
01:00 – Budget
03:42 – The Uh-Oh Fund
04:43 – Employer Match
06:17 – Toxic Debt
07:35 – Emergency Fund
09:26 – Save & Invest
10:57 – Invest for Flexibility
12:48 – Kid’s Education
13:55 – Debt Elimination
14:49 – Total Financial Independence
16:21 – Wrap Up
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👉 Our Financial Independence Playlist: • Financial Independence
👉 Our 401k Playlist: • 401(k) Accounts
👉 Our HSA Playlist: • Health Savings Accounts
👉 Our IRA Playlist: • IRAs
👉 Our Roth Playlist: • Roth Accounts
👉 Our Investing Playlist: • Investing
👉 Our Tax Efficiency Playlist: • Tax Efficiency
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👉 Our website: https://martinmoney.com/
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Other Videos:
• Lower Taxes! 11 Strategies to Reduce Your ...
• How Much Return Will Your Asset Allocation...
• 7 Ways to Boost Your Wealth!
• Roth IRA or 401(k)? Which One is Better Fo...
• 7 Reasons It's a Good Idea to Have a Roth IRA
• What Is A Backdoor Roth IRA?
• How Can I Be Financially Independent By 30...
• How Much Should You Have Saved by 30?40? O...
• How Many Americans are Financially Indepen...
• Optimize Tax Efficiency With This Three-Bu...
• 14 IRA Mistakes - Don't Mess It Up!
• How Does Your 401(k) Measure Up Against Ot...
• 401(k) Pros & Cons!
• Why You Should Buy Cars With Cash
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Other Related Blog Posts from https://martinmoney.com/:
How to Use Qualified Charitable Distributions to Reduce RMDs: https://martinmoney.com/how-to-use-qu...
What Are the 2024 401k, IRA, and HAS Contribution Limits? https://martinmoney.com/2024-401k-ira...
What Should I Do With My 401(k) When I Leave My Job? https://martinmoney.com/what-should-i...
Should I Have Both a Roth IRA and a 401(k)? https://martinmoney.com/should-i-have...
Which Retirement Plan is Best for Me? Ranking the Options: https://martinmoney.com/which-retirem...
How Much Should I Have Saved by 30? 40? 50? - https://martinmoney.com/how-much-shou...
The Rule of 72: How Long Will it Take My Investment to Double - https://martinmoney.com/the-rule-of-72/
How Much Would a Dollar Invested Today Be Worth in 10 Years? - https://martinmoney.com/a-dollar-inve...
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Thanks for watching! Let us know if there are any other topics you want us to cover in the comments below.
Don’t ever put any of your personal information in the comments! This makes you an easy target for scammers, some of whom may attempt to pretend that they are me.
Disclaimer: This video is for information and entertainment only. None of the contents should be considered legal, accounting, or other professional advice. You should reach out to a qualified professional before making your own financial decisions.
I try to respond to comments and questions, but I will never provide personal advice through YouTube.