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

Girl on FIRE

🎙 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? 🤔

This episode discusses topics like:

🌟 Why DIY retirement schemes make the goal of saving $1M for retirement so much harder;

🌟 Why we’d rather spend our money now than save or invest it for retirement; and

🌟 How you can find more money in your budget and send it towards your retirement instead of spending it right now.

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof31

Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting

Why investing is so important for women: https://www.papermoneyco.com/gof2

Asking your boss for a raise: https://www.papermoneyco.com/gof12

Investing in ETFs: https://www.papermoneyco.com/gof17

Time codes:

00:00 Hello and Welcome!

02:49 Do-It-Yourself Retirement

07:58 You Can’t Empathise With Your Older Self

12:36 Sponsor - FIRE and Investment Calculator Spreadsheet

14:34 How to Make Saving for Retirement Easier

21:42 Next Weeks’ Episode

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The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.