S2E28 - Tyson Koska - Have you calculated when you may retire?

Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor. Tyson Koska Most people who are investing have a high-level plan but in most cases, they haven’t calculated a target date in which they may retire or achieve financial independence. My next guest is the founder and CEO of On Trajectory, a financial planning software for consumers and businesses that allows them to track their overall financials including investments, assets, debts, and liabilities. In this episode, he talks about how this platform can benefit retail investors, along with his personal investment journey. Please welcome Tyson Koska. key timecodes (01:12) - Tyson Koska background story (01:38) - His software company (04:19) - His financial planning software (06:28) - A bit about TYKR philosophy related to the focus of his product (08:29) - How his software can help someone get out of debt (10:08) - The software connects with any bank account. (11:22) - How that tool can save relationships (14:20) - A bit more about TYKR platform and how both have similarities (09:53) - The switch from blindly investing and using TYKR to find reliable information (18:15) - How it can help the success of the users (20:01) - What is the 4% rule?~ (23:18) - When he started in the stock market (24:23) - What type of investment funds does he hold (25:08) - Deeper on his strategy with real estate gains (26:24) - Don't be fooled by unreal investing gurus (27:44) - What percentage of income does he invest (28:48) - What is his biggest investment success (31:09) - The parallel with TYKR philosophy (35:37) - Manage your emotions when investing. (37:15) - Why he invests (42:35) - Guest contacts