Is your savings rate good or bad?


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By Travis Hornsby. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Do you have a good savings rate? What is a good savings rate anyway? In this episode, learn why a high savings rate is so critical — and how to secure one for yourself.

In today’s episode, you'll find out:

  • How do you define a savings rate?
  • The history of savings rates in the U.S.
  • How advertisements might have affected savings rates
  • Where the current average national savings rate has settled
  • How having six figures of student loan debt should affect your savings rate
  • The saving statistics of the Student Loan Planner audience
  • Our recommended savings rate
  • How savings rates affect taking risks or changing your situation
  • What a savings rate can get you in terms of retirement
  • Five ways to fix a bad savings rate
  • Why a savings rate is more important than a student loan strategy
  • How to start saving with a better rate
  • Why avoiding money paralysis is imperative
  • Why considering a fee-only fiduciary financial planner is wise

Full show notes at:

46 episodes