Have you heard about the 4% Rule and how you can use it to safely make withdrawals from your savings in retirement? It can be a simple rule of thumb to make sure you’re able to withdraw enough money to cover your retirement expenses without needing to worry about running out of money before you run out of retirement. That would not be good.
Read MoreMM003: The New Retirement Model and the Goldilocks Goal
“Retirement” is such a dated term. It conjures images of senior citizens who have worked their whole life, only to retire with nothing to do. What if, instead, people gained financial independence so they could have the option to put their life skills to work and supplement their retirement income, allowing them to “retire” much earlier in life?
Read MoreMM002: How to Set Up a Budget
Today, we tackle how to set up a budget, the cornerstone of any personal finance plan. The household budget is where it all starts, and without a firm foundation in place, it’s easy for our long-term savings and retirement goals to slip from our grasp. That changes today when we work to conquer the household budget keep more of our hard-earned dollars. Budget nerds, unite!
Read MoreMM001: Breaking the Rules of Retirement: A Manifesto
On today’s inaugural episode, we talk about the goals and objectives the podcast, household budgeting, the difference between “retirement” and “personal finance” one of the first tools I used while getting a handle on our personal finances and I’ll give you a little background info as we chart our household’s journey to Modest Millions.
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