Curtis Ray's Podcast

Downsizing is when you eliminate luxuries and recreations from your life in order to retire.We work for 30-40 years of our life, sacrificing and saving, just to be forced to downsize in retirement. Why would you accept that? Aren’t these supposed to be your Golden Years? The financial world has somehow convinced society that downsizing is an essential and required part of retirement. You are told to build a nest-egg and when you are ready to retire, spend a very low amount per year because of...

Compound Interest is your money growing for you by itself, and then the money that it grew, also continues to grow, creating the phenomenon called Exponential Growth. Much like a snowball, the more times you roll it, the bigger and faster the diameter gets. That is exactly what you would want your nest egg to do. Albert Einstein is credited for saying that Compound Interest is the greatest mathematical invention of all time. The financial industry has done us a disservice for how little they ...

The 4% Rule is the rule of thumb on how much income you should reasonably withdraw from your nest egg when you retire to avoid the risk of outliving your savings. A nest egg is the total amount of money you’ve saved up for retirement. For example, if you saved up $250,000 for retirement, using the accepted 4% withdraw rate, you should only spend $10,000 a year otherwise you put yourself at risk of depleting your account too soon.Think about that, you saved up $250,000, not an easy task, and y...