You got that nice tech salary, now what? with Tim Schilling
summary
Concrete, actionable financial rules appear: max out employer match (401k) and build a three‑month emergency fund, then prioritize tax‑advantaged accounts and low‑cost index funds like VTI Vanguard Total Stock Market. Examples show a $70k after‑tax earner saving $5k retiring at 80 versus a $135k earner retiring at 52, a roughly $600k difference in today’s dollars. Recommended allocation is 50% US / 30% international / 20% bonds, check expense ratios (~0.03–0.18%), prefer term life over whole life, use YNAB for budgeting.
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chapters (10)
- 0:00Introduction
- 1:44Why this talk exists and its goals
- 3:07Setting financial goals
- 4:10FIRE calculators
- 8:46Monthly savings from expenses
- 11:52Retirement account investing
- 13:39Maximizing tax-advantage accounts
- 16:04Index vs managed funds
- 20:17Insurance and fund warnings
- 22:44Resources and advice
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