018: Automate Your Savings with the TODAY Show’s Jean Chatzky

Jean Chatzky and Clark Howard at FinConJean Chatzky is an award-winning financial journalist, author, motivational speaker, and host of the Her Money podcast.

Jean is the TODAY Show’s financial expert and has appeared on Oprah, Live with Regis and Kelly, and The View, among others.

Jean blogs at jeanchatzky.com. I’ve had the honor of having Jean keynote FinCon, podcast live from the stage there, and she’s always so gracious with her time.

In this episode, Jean shares the different savings and retirement accounts that she automates, the mistakes she dealt with coming out of college, why she felt inauthentic early in her career, the deal she cut with her kids to pay for college after her divorce, and much more.

There’s a bonus at the end of this episode. Jean has a new book out, Age Proof. And I ask her some questions related to health & wealth that are specifically tailored to you, the Masters of Money audience. Be sure to stick around for that.

Listen to This Episode with Jean Chatzky

I hope you enjoyed that. A big thank you to Jean for giving us the gold today.

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Show Notes

  • 1:50 The #1 thing Jean does to impact her finances
  • 3:10 The importance of automating your savings
  • 4:15 How successful was Jean at saving before automatic savings?
  • 4:55 When did Jean decide to master her money?
  • 6:30 How being a money reporter on television changed how Jean dealt with money
  • 8:50 How do those not in the financial field continue to learn about money by asking good questions?
  • 10:15 Financial goals after divorce
  • 11:20 Saving for College with 529 plans
  • 15:15 Balancing saving for college with saving for retirement
  • 16:15 Employee retirement vs. independent saving
  • 17:25 How Jean kept her living expenses low to save more
  • 18:18 What area of personal finance does Jean still struggle with?
  • 20:00 What recent financial goals has Jean set for herself
  • 20:20 Jean’s new book, Age-proof: Living Longer Without Running Out of Money or Breaking a Hip, and where the idea for the book came from
  • 21:50 Jean’s advice for young families
  • 23:10 Should homeownership still be a goal for families?
  • 25:45 Did writing the book Age-proof change Jean’s ideas on the 4% rule?
  • 27:41 How does Jean feel about her current financial state looking back over the years?

Show Sponsor

This episode was sponsored by our list of The Best Automatic Savings Apps (to Grow Your Wealth). Visit ptmoney.com/autosave/ for more information and to get started for free.

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Last Edited: July 9, 2018 @ 8:43 am
About Philip Taylor

Philip Taylor, aka "PT", is a former practicing CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of FinCon, the conference and community dedicated to helping other financial influencers and brands. He created this website back in 2007 to share his thoughts on money, hold himself accountable, and to meet others passionate about moving toward financial independence.

PT uses Personal Capital to keep track of his financial life. This free software allows him to review his net worth regularly, analyze his investments, and make decisions about his financial future.

PT keeps a portion of his emergency fund in Betterment, the automatic investing tool that makes investing super simple. Betterment focuses on what matters most: savings rate, time in the market, investing costs, and taxes. PT recommends this service to anyone looking to get started investing for themselves.

All the content on this blog is original and created or edited by PT.