Am I saving enough for “retirement”?  How do we think about saving in general and balancing saving for shorter term goals as well?  In this installment of Behind The Curtain, Seth and I discuss a framework for thinking about savings when you are in your 30s & 40s.  It’s not just about saving for this future “retirement” but more about longer term buckets of money that can be used throughout your life – the importance of liquidity.

We debate a general savings rate framework vs. the reality of how careers and life tend to play out, where larger increases in income can come via career promotions through salary, bonus or equity compensation – thus allowing for more meaningful savings at specific points in life, and the importance of avoiding the trap of lifestyle creep when those events occur.

And what about business owners, who tend to have a much different mindset around saving vs. investing in their business?

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