![]() ![]() In no event will we be liable for any loss or damage derived from the information provided. Finally defeated your high-interest debt and got your cash flow under control This week’s episode is for you, baby If the 401(k) vs. So, if your monthly expenses are 3,000, your annual expenses are 36,000. Said differently, you can withdraw 4 of your investments per year and not have to fear running out of money in retirement. All Rights Reserved.ĭisclaimer: The information contained in this podcast is for general information purposes only. This rule states that you should have 25x your annual expenses in investments to retire. He came across a life-changing article that he says provided him the pathway to 1 million: The Shockingly Simple Math Behind Early Retirement. Money Mustache Follow UsĬopyright © 2019 Capable Wealth, LLC. The Shockingly Simple Math Behind Early Retirement – Mr. The Millionaire Next Door: The Surprising Secrets Of America’s Wealthy by Thomas J. How Wealthy Should You Be At Different Ages? – Capable Wealth Blog So get out your note-taking tools and buckle up for a quick ride on the road to Financial Freedom! Resources In today’s episode, we’re diving into how wealthy you should be at any age, and how to properly gauge and answer this question. Since you are just waiting for your portfolio to double one time, the math behind Flamingo FI comes down to the very simple rule of 72. Money Mustached published a post called 'The Shockingly Simple Math Behind Early Retirement' in which he laid out in chart form the connection between the percentage of income saved and the years to work until retirement. ![]() It isn’t necessarily a bad thing, but it can lead you to focus on the wrong things. A year or so later the popular finance blogger Mr. ![]() Subscribe: Google Podcasts | RSS DescriptionĪs you progress in your wealth-building journey it can be very tempting to get caught up in comparing yourself to all of your friends and family. Money Mustache: The Shockingly Simple Math behind Early Retirement, Mr. ![]()
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