Your Money & Your Life Podcast

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Obsolete Financial Planning Axioms

September 17, 2020

Have you ever heard of the 10-5-3 rule? It’s one of the outdated financial planning axioms that just don’t make sense anymore. Today we’ll tell you why and explain interest rates, inflation, and factors that determine where we’re headed.

 

Read more and get additional financial resources here: https://doncashpodcast.com/podcast/obsolete-financial-planning-axioms/ 

 

What we discuss on this show: 

0:33 – An update on what’s going on with Don.

3:45 – The 10-5-3 Rule

9:07 – An example of how inflation works.

11:59 – Items with the greatest inflation.

14:06 – Could 10-5-3 rule become more relevant?

15:16 – Cash Connection: Should I be investing different since we have this election approaching in a few months.