31: Why Is It So Hard to Save and Invest for Retirement

<p>🎙 For most of us, saving and investing for retirement is hard to do. We need to find the money in our current budget to invest for our future selves. But that’s not all. There’s a psychological reason why investing for retirement is so hard. But how can we get past it? 🤔</p> <p><strong>This episode discusses topics like:</strong></p> <p>🌟 Why DIY retirement schemes make the goal of saving $1M for retirement so much harder;</p> <p>🌟 Why we’d rather spend our money now than save or invest it for retirement; and</p> <p>🌟 How you can find more money in your budget and send it towards your retirement instead of spending it right now.</p> <p><strong>Links from this episode:</strong></p> <p>Episode transcript and show notes: <a href= "https://www.papermoneyco.com/gof31">https://www.papermoneyco.com/gof31</a></p> <p>Get your FREE Investing Starter Guide: <a href= "https://www.papermoneyco.com/startinvesting">https://www.papermoneyco.com/startinvesting</a></p> <p>Why investing is so important for women: <a href= "https://www.papermoneyco.com/gof2">https://www.papermoneyco.com/gof2</a></p> <p>Asking your boss for a raise: <a href= "https://www.papermoneyco.com/gof12">https://www.papermoneyco.com/gof12</a></p> <p>Investing in ETFs: <a href= "https://www.papermoneyco.com/gof17">https://www.papermoneyco.com/gof17</a></p> <p><strong>Time codes:</strong></p> <p>00:00 Hello and Welcome!</p> <p>02:49 Do-It-Yourself Retirement</p> <p>07:58 You Can’t Empathise With Your Older Self</p> <p>12:36 Sponsor - FIRE and Investment Calculator Spreadsheet</p> <p>14:34 How to Make Saving for Retirement Easier</p> <p>21:42 Next Weeks’ Episode</p> <p><strong>Remember to:</strong></p> <p>Join our exclusive community by becoming a Patron: <a href= "https://www.patreon.com/girlonfirepodcast">https://www.patreon.com/girlonfirepodcast</a></p> <p>🤩 Subscribe so you don’t miss any future episodes.</p> <p>🏆 Rate and review the show on Apple Podcasts: <a href= "https://www.papermoneyco.com/podcastreview">https://www.papermoneyco.com/podcastreview</a>