261: F.I.R.E. with Jen Tserng

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:

Episode 069

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Mint

Suze Orman

Motley Fool

Investment Calculator

Go with Less

Jen on CNBC

Facebook Group- The Pet Care Hustle

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Full show notes and transcript

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