Jay Zigmont, PhD, MBA, CFP® | Source | Childfree Wealth
Jay Zigmont, PhD, MBA, CFP®
Jay Zigmont, PhD, MBA, CFP® is the Founder and CEO of Childfree Wealth®, a life and financial planning firm dedicated to helping Childfree and Permanently Childless people. Childfree Wealth® is the first (and currently the only) life and financial planning firm dedicated to serving Childfree people.
Dr. Jay is a CERTIFIED FINANCIAL PLANNER™, Childfree Wealth Specialist®, and author of the book “Portraits of Childfree Wealth.” Dr Jay is the co-host of the Childfree Wealth podcast. His Ph.D. is in Adult Learning from the University of Connecticut.
He has been featured in Fortune, Forbes, MarketWatch, Wall Street Journal, New York Times, Business Insider, CNBC, and many other publications. In 2023, he was named a “Rising Star” by Financial Planning.
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Redefining Financial Freedom Child Free Wealth Planning with Jay Zigmont
💰 Rethink financial planning! What if retirement wasn't your goal? Jay Zigmont, PhD, CFP®, shares a revolutionary approach for child-free entrepreneurs to design a life-first financial strategy. #FinancialFreedom #ChildFreeWealth #EntrepreneurMindset #MoneyMatters Key Moments: 0:03 – Introduction to Jay Zigmont, his background, and the concept of Child-Free Wealth. 2:39 – Why financial planning looks different for child-free individuals. 5:20 – The importance of designing your life before structuring your finances. 7:40 – Debunking traditional financial myths—buying a house, saving for retirement, and passing on wealth. 12:26 – Rethinking the 4% rule and structuring a financial safety net. 15:13 – The Gardener & Rose concept: How child-free couples can support each other’s dreams. 19:02 – Business growth vs. financial freedom—why entrepreneurs should prioritize enjoyment over profit. 22:32 – Jay’s Money Management System (MMS): Musts, Shoulds, Coulds, and Wants. 27:36 – Jay’s book The Child-Free Guide to Life and Money and where to...
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Avoid Lifestyle Creep — How to Keep Spending Under Control as You Earn More Money
Lifestyle creep is typically defined as the practice of spending more money as one earns more money. Did you get a raise? Time for a fancier car. A promotion that doubled your earnings? Time for a bigger house! And so on. Read Next: I'm a Financial Advisor: 4 Investing Rules My Millionaire Clients Never Break Find Out: 5 Subtly Genius Moves All Wealthy People Make With Their Money See the problem? This pattern of behavior can severely limit the ability to save for the future and compromise overall financial stability. So how exactly can you keep your spending in check as your earnings grow? GOBankingRates looked to experts for advice on this age-old dilemma. Consciously Set Aside 15 - 20% for Retirement Before money is put toward designer clothes or a trip to Bora Bora, first consider whether you're saving for retirement. Consciously setting aside money eliminates a chunk of...
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Avoid Lifestyle Creep — How to Keep Spending Under Control as You Earn More Money
Lifestyle creep is typically defined as the practice of spending more money as one earns more money. Did you get a raise? Time for a fancier car. A promotion that doubled your earnings? Time for a bigger house! And so on. Read Next: I'm a Financial Advisor: 4 Investing Rules My Millionaire Clients Never Break Find Out: 5 Subtly Genius Moves All Wealthy People Make With Their Money See the problem? This pattern of behavior can severely limit the ability to save for the future and compromise overall financial stability. So how exactly can you keep your spending in check as your earnings grow? GOBankingRates looked to experts for advice on this age-old dilemma. Consciously Set Aside 15 - 20% for Retirement Before money is put toward designer clothes or a trip to Bora Bora, first consider whether you're saving for retirement. Consciously setting aside money eliminates a chunk of...
Article
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Retirement Planning: Save 25 Times Your Expenses, Says Expert
Dr. Jay advises saving "25 times your current expenses" for a secure retirement, based on a 4% Safe Withdrawal Rate. He stresses planning for long-term care, costing $115k annually. Jay emphasizes personalizing plans based on goals, like travel or not passing on wealth. Consider long-term care insurance or self-funding to cover future expenses. -
Childfree Financial Planning: Avoid Common Money Pitfalls
Dr. Jay advises childfree individuals to prioritize personal goals over traditional financial advice. He notes, "If you don't plan on passing money on to the next generation, you can make different decisions." Key tips include considering renting over buying a house, skipping life insurance, securing disability insurance, and establishing an estate plan to avoid government intervention. -
Retirement Planning: Never Too Late to Start, Says Financial Expert
Dr. Jay says, "The only time it's too late to plan is the day you die." He advises focusing on future planning and addressing long-term care costs. Starting early with a sound financial framework, debt elimination, and maximizing 401k contributions is crucial for a secure retirement. Giving oneself grace for past financial decisions is also important.
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You deserve to learn how to manage your money.