This is how much money you need to retire. I review 4 different retirement lifestyles that people strive for, and one of them might come close to your retirement expectations. The more you want in life, the more you'll need to have in order to maintain that lifestyle. Here are the four different retirement lifestyles I review
1) $1,000,000 Net worth (Modest)
2) $2,500,000 Net worth (Wealthy)
3) $5,000,000 Net worth (1% Lifestyle)
4) $25,000,000 Net worth (The Ballin' Lifestyle)
It's extremely important to understand what it takes to meet your expectations. If you do not understand the numbers, you may end up like every other American (lost and clueless). This video will show you exactly how much money you need to maintain each level of lifestyle. Do you want to live in a small house and mind your own business, or do you want to live a nice lifestyle, and be generous to hundreds, maybe even thousands of people around you? You decide which retirement lifestyle you will be happy with, because its your life.
One important note I'd like to make is that inflation and appreciation of assets wasn't covered in this video. With that being said, it is important to understand how those will affect you, but that would be for another video. There are a lot of factors that will affect your wealth, how you obtain it, and how it is managed overtime. This purpose of this video is to get people actually thinking about their retirement. So many people do not consider this, and it is sad to see how many people are stuck and screwed. Dave Ramsey and Graham Stephan are two fantastic personal finance influencers that can help you reach your goals too!
Note: I am not a financial advisor, I AM A COMMON SENSE ADVISOR.
How much money do you need to retire? How much money can I retire with? When are you able to retire comfortably? When can I retire? What is enough money to retire with? Can I retire with $1 million? Retirement. Retiring at young age. Retire at a young age. When can I quit my 9-5?
Thank you for watching :)!
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