Financial Fitness Tips

Find Your Edge podcast host Chris Newport sits down with Trevor Lawson to discuss financial fitness. Trevor is a fellow triathlete as well as a financial advisor and certified financial planner who provides objective financial guidance, advice and consulting.

We discuss:

The definition of financial fitness
Trevor encourages a hefty emergency fund, which is typically 3-6 months worth of expenses in cash, but Trevor even likes more of a cushion
How to deal with debt like credit cards and mortgage
What flexibility you’d like to have in your finances
Investing and insurance, including 401K, ROTH IRAs, and more
Income to debt ratio and why’s it’s important
Compound interest and why it’s important to start saving early