Month: November 2023

How the Top 1% Compare to the Rest of America (Ep.44)

How the Top 1% Compare to the Rest of America (Ep.44)

What does it take to join the top 1% of America? How much richer are they compared to the average American?

Let’s find out.

In this episode, Austyn Whittenburg discusses wealth accumulation trends and the net worth of different population percentiles. 

Using Federal Reserve data, Austyn highlights the rise in home values and car prices, and the impact of education on net worth. He also discusses the influence of different levels of education in you and your family’s financial planning processes. 

Austyn discusses:

  • The impact of education on American’s net worth
  • Key findings from the Federal Reserve about the American wealth divide
  • The difference between median and mean net worth + how this difference can create misleading headlines
  • Various statistics surrounding the different income classes of America
  • And more

 

Resources

https://www.federalreserve.gov/publications/files/scf23.pdf

Connect with Austyn Whittenburg:

Financially Smart Things To Do Before You Travel (Ep.43)

Financially Smart Things To Do Before You Travel (Ep.43)

Looking to plan your next getaway without breaking the bank or relying on credit cards? 🏖️

In this episode, Austyn Whittenburg discusses the many financially smart ways to travel. Listen and learn about the importance of planning, budgeting, and using credit cards with travel perks to avoid going into debt. 

Austyn shares insight through his own experiences and strategies, such as setting up a travel fund, using various tools for cost-effective options, and taking advantage of credit card benefits like free checked bags, TSA PreCheck, and companion certificates. He also advises on avoiding international transaction fees and the benefits of using a travel agent.

Austyn discusses:

  • Common misconceptions about traveling in the modern day
  • The process of setting up a “travel slush fund”
  • How to find the right credit card with the best travel perks for your needs abroad
  • How to avoid unnecessary travel expenses (International ATMs, booking your flights too late, and so much more!)
  • And more

 

Resources

Connect with Austyn Whittenburg: