261: F.I.R.E. with Jen Tserng
Episode description
What is your exit strategy from your business? ✌️Do you plan to, or hope to retire at some point? That takes a lot of planning and goal setting. Jen Tserng joins the show again to discuss how to have an investing mindset and what it means to make saving money fun. From setting budgets to raising prices, taking a wholistic approach to our financial health is really what sets us up for success. Regardless of whether you want to retire in 10 years, or 30, it takes understanding your numbers and financial discipline to execute the plan.
Topics on this episode:
- Saving and goal setting
- What is F.I.R.E.?
- Financial Discipline
- Retiring and exit planning
Main take away? Take the 50:30:20 rule and see where you fall in needs vs goals vs savings.
About our guest: After almost a decade of big city dog walking, Jen decided to hang up her daily dog walking shoes to concentrate on concierge and travel petsitting. This semi retirement was made possible by following principles of the FIRE (Financial Independence Retire Early) movement. She started her business as an affordable option to petcare, but her pricing structure has evolved over the years to reflect her experience and demand for her services. Jen currently lives in the mountains of Colorado, where she spends her days hiking, snowboarding and hanging out with her newly adopted dog.
Links:
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Full show notes and transcript
Sponsored By:
- Pet Perennials Promo Code: Use 'PSC' when registering for a $2 off coupon on any purchases in the 1st 90 days
- Time to Pet Promo Code: 50% off first 3 months