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 It’s one of the outdated financial planning axioms that just don’t make sense anymore.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.


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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.