DR 027: How to Become a Retirement Super Saver [Interview with Stig Nybo]

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This is the twentieth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at how to pick mutual funds to implement an asset allocation plan. In today’s podcast, we explore what it means to become a Super Savor with Stig Nybo, author of Transform Tomorrow: Awakening the Super Saver In Pursuit of Retirement Readiness.

Sponsors: The 31-Day Money Podcast is sponsored by Betterment and Personal Capital. Betterment and Personal Capital are two tools I use to make investing easier, less expensive, and more effective.

Topics Covered

  • What is a Super Saver?
  • Do you have to make a lot of money to become a Super Saver?
  • The importance of positive influences in becoming a Super Saver.
  • The importance of paying yourself first
  • How auto-enrollement and auto-escalation can improve savings rates.
  • Why is saving 10% a good idea, but still not a perfect number?
  • The importance of paying off debt as part of retirement planning.
  • The importance of habits and one critical keystone habit.
  • The power of spending less than you make and investing the difference.

Resources

Day 21: How and Why to Cut Investing Costs to the Bone

Published or Updated: February 6, 2014
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

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