Kealan and Cody dive into another listener Q&A where they answer the question, “How does setting a finish line affect saving for retirement?”. As with many things, setting a financial finish line flips around much of the traditional personal finance wisdom. Kealan and Cody first break down some of the traditional wisdom on saving for retirement. Afterwards, listen as they share their thoughts on how setting a finish line changes our strategy and goals for retirement.
Aspiring to the Median
How to Classify Gifts and Changing Your Finish Line
Kealan and Cody dive into another listener Q&A where they answer two finish line questions. The first is “Do gifts come out of our budget, or the excess?”. This is one of a variety of questions that get into the fine details of a finish line, sand one that is particularly relevant for December. The second question is “When is it okay to change my finish line? How should I approach that process?”. Anyone who sets a finish line will consider this question at some point, and the guys share a helpful framework to go about the process.
How Do I Choose a Finish Line?
Kealan and Cody break down the question, “How do I choose a finish line for my spending?”. There are a number of practical considerations when choosing a finish line, and the guys break each of these down one by one.
Setting Up an Account Structure
Once your income passes your financial finish line, it’s important to have an account structure to keep things straight. This structure helps keep straight what money is for personal use and what money is set aside to use on others.
Answering “How Much Money Do I Really Need?” with Kealan Hobelmann, ENT Surgeon
In this episode, Kealan shares his story through medical school and residency searching for an answer to the question, “How much money do I really need?” Listen as he shares his process for answering that question, and how that process evolved into the Aspiring to the Median movement.
Shifting to Eternal Kingdom Building with Cody Hobelmann, Financial Advisor
Cohost Cody Hobelmann shares the story about how God dramatically changed his goals from making as much money as possible to giving as much as possible. As a financial planner, he has a strong understanding of the traditional wisdom behind personal finance. His faith, however, has introduced a whole new perspective to how we should think about the money that God brings through our hands.
What is the Finish Line Pledge (formerly Aspiring to the Median)?
Join Kealan and Cody as they unpack the foundation of the Aspiring to the Median movement and the idea that everything we own belongs to God. If God is the true owner of all money and wealth, then that makes us each managers of a small portion, and we’re responsible for what we do with it. Listen as the guys share stories about what that realization has meant for their own lives and finances.
Addressing Debt
For some people, while the idea of percentile living may sound attractive, there is one looming barrier to getting started. Debt. For those of us with significant personal debt, how are we supposed to commit to living at a percentile?
The Race for a Finish Line
Kealan shares his story of how he and his wife Alison got started with a financial finish line. From living on little, to living with surplus, God used many experiences to lead them to where they are today.