Syren Thriving

Syren Thriving

Coaching and conversations designed to help you Own Your Years & Thrive for Life. Do you believe that YOU'RE TOO OLD to pursue love, new friendships or your passions? Do you think IT'S TOO LATE to start a new career, improve your health or grow your wealth? What if you stopped using AGE as an excuse not to pursue the life of your dreams...and instead you were PROUD of getting older? Let's capitalize on the strength, wisdom and confidence that only LIFE EXPERIENCE can bring! Through our content & resources, we want to help you organize your life & finances, foster healthy relationships, follow your dreams, pursue your passions, grow your wealth, have new experiences, and be the healthiest you've ever been....no matter what your age! It's time to Thrive for Life.

  1. 12/13/2021

    FINANCIAL FITNESS - Episode 5: The Opportunity Cost of Capital and how a cup of coffee can actually cost you a year of your life

    Welcome to our new series: Financial Fitness with Syren and Sasha where we help absolute beginner investors get started on their journey to financial freedom by making investing accessible through digestible, organized and action-oriented content. IN THIS EPISODE WE DISCUSS: - What is Opportunity Cost? - How we can apply this to Investing - How to apply Opportunity Cost to our Personal Finances - Why the real cost of *not* investing is your precious time OPPORTUNITY COST EXAMPLES DISCUSSED IN THIS EPISODE: 1) Putting a down payment on a $500,000 house: Scenario 1: 20% down Down payment = $100,000 Total invested = $0 Interest: 3.8% Monthly payment: $2,147 After 30 years: Total cost of loan + interest = $772,978 Total stocks $0 Scenario 2: 5% down Down payment = $25,000 Total invested = $75,000 Interest: 3.8% Monthly Payment: $2,700 Additional interest needed for mortgage insurance: $18,000 After 30 years: Total coast of loan + interest = $912,978 Total stocks: $1,300,000 So, if you have $100,000, and you put all of it towards your down payment, you will "save" $140,000 in mortgage payments and interest, but the Opportunity Cost is the $1,300,000 you could have earned in 30 years by putting 5% down and investing the remaining $75,000 instead. 2) Buying a daily cup of coffee Daily cost: $5 Monthly cost: $100 Money in your portfolio after 20 years: -$24,000 (that's a negative!) If you invested $100 a month for 20 years instead: +$68,730 Could $68,730 allow you to retire a year early, and have one more YEAR of your life financially free? YOUR ACTION ITEM: 1) Pick one item in your life that you regularly spend money on - this could be small (like a daily cup of coffee at a cafe) or large (like taking annual vacations). 2) Calculate how much you spend on that item, on average, per month 3) Use the compound interest calculator to figure out how much you would have if you invested that amount of money instead, after 30 years. 4) Make a conscious decision about your spending.  Does spending on this item help you reach your financial goals? Is there any way you can save or earn more money to reach your goals faster?   Please subscribe to the channel and share the episode.   Enjoy the show! ******* FOR MORE CONTENT OR COACHING WITH SYREN: syrenthriving.com Instagram @syrenthriving TikTok@syrenthriving Youtube @syrenthring Pintrest @syrenthriving CONNECT WITH SASHA: Blog: ninjanomics.wordpress.com Seeking Alpha: cryptonomics Twitter @ninjanomics1 INTRO: Raghav Bhandari MUSIC: Summer of 1984 by RKVC

    24 min
  2. 12/03/2021

    FINANCIAL FITNESS - Episode 4: The Average Rate of Return of the Stock Market and How Your Portfolio can Beat most *Professional* Investors (Really!)

    Welcome to our new series: Financial Fitness with Syren and Sasha where we help absolute beginner investors get started on their journey to financial freedom by making investing accessible through digestible, organized and action-oriented content. Today's episode is about the average return rate of the stock market.  Over the last 100 years, the stock market has returned an average of 10%.  Find out how powerful this 10% can be by listening to our podcast on compound interest.  And if you think you can you better than 10%, you should know that the returns on index funds beat  *eighty-percent* of professional investors.  So you can do a LOT of work and pick individual stocks, or simply invest in an index fund to achieve that 10%.*  By the way, in the last year alone (2020-2021), the stock market has returned 25%.   *always do your research in choosing index funds and be clear on their fee structure.  Look for index funds with ultra-low or no fees of .05% to .2% a year. IN THIS EPISODE WE DISCUSS: - How this average is calculated and how you can use it to strategize and grow your portfolio - How index funds beat *most* professional investors - What NOT to do if you don't want to lose over 90% of your gains YOUR ACTION ITEM: - Now that you know the average rate of return for the stock market, use the compound calculator (that we discussed in Episode 3) and enter 10%.  Use this number with confidence and begin to think about some new goals and strategies to reach your investment goals.   Please subscribe to the channel and share the episode.   Enjoy the show! ******* FOR MORE CONTENT OR COACHING WITH SYREN: syrenthriving.com Instagram @syrenthriving TikTok@syrenthriving Youtube @syrenthring Pintrest @syrenthriving CONNECT WITH SASHA: Blog: ninjanomics.wordpress.com Seeking Alpha: cryptonomics Twitter @ninjanomics1 INTRO: Raghav Bhandari MUSIC: Summer of 1984 by RKVC

    29 min
  3. 11/27/2021

    FINANCIAL FITNESS - Episode 3: The Power of Compound Interest and How to Grow your Wealth Exponentially

    Welcome to our new series: Financial Fitness with Syren and Sasha where we help absolute beginner investors get started on their journey to financial freedom by making investing accessible through digestible, organized and action-oriented content. IN THIS EPISODE WE DISCUSS: -  What is compound interest? - How can you use compound interest to calculate when your money would *double*? - A demonstration of how compound interest works - The 4 factors you need to calculate compound interest - The most important factor in allowing compound interest work for you - How to make this personal and figure out when you can reach your financial goals YOUR ACTION ITEM: - Calculate how much your money can grow using the power of compound interest 1) go to this website  https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator 2) determine these 4 factors:      - how much you can put in as your initial investment      - how much you can contribute monthly      - how long can you keep your money invested      - what is the estimated interest rate you expect from your investments      - choose a "compound frequency" (for beginners, use "annually") 3) press "calculate" and you will see how much your investments can grow 4) play around with the numbers and begin to set goals and expectations for your investments   Please subscribe to the channel and share the episode.   Enjoy the show! ******* FOR MORE CONTENT OR COACHING WITH SYREN: syrenthriving.com Instagram @syrenthriving TikTok@syrenthriving Youtube @syrenthring Pintrest @syrenthriving CONNECT WITH SASHA: Blog: ninjanomics.wordpress.com Seeking Alpha: cryptonomics Twitter @ninjanomics1 INTRO: Raghav Bhandari MUSIC: Summer of 1984 by RKVC

    23 min

Ratings & Reviews

5
out of 5
4 Ratings

About

Coaching and conversations designed to help you Own Your Years & Thrive for Life. Do you believe that YOU'RE TOO OLD to pursue love, new friendships or your passions? Do you think IT'S TOO LATE to start a new career, improve your health or grow your wealth? What if you stopped using AGE as an excuse not to pursue the life of your dreams...and instead you were PROUD of getting older? Let's capitalize on the strength, wisdom and confidence that only LIFE EXPERIENCE can bring! Through our content & resources, we want to help you organize your life & finances, foster healthy relationships, follow your dreams, pursue your passions, grow your wealth, have new experiences, and be the healthiest you've ever been....no matter what your age! It's time to Thrive for Life.