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NevaBroke Episode 3: Lifestyle and Legacy
Lifestyle and Legacy
The truth is when it comes to how much you should save, invest, and/or spend it really depends on your lifestyle and the lifestyle you would like to live now and once you retire. You might be able to survive and thrive off $20,000 a year while someone else desires $100,000 a year. There is no right answer for your life. Yes, there are industry standards and guidelines. There is sensitivity analysis that can be performed and Monte Carlo Analysis.... but most of us probably don’t have financial planners in our early 20s or know what these terms mean. I know I don’t, so it is up to us to maximize the knowledge we do know. Do our due diligence, read and research things you are curious about. If your goal is to retire with a $100,000 lifestyle and you plan to retire at the typical age of 60something and draw from your assets at 4% you will need approximately 2.5 million dollars which does not account for inflation and other factors. Are you planting seeds that will enable you and the next generation to eat forever or as you sowing seeds with no fruit? Social Media Handles: https://linktr.ee/wenevabroke IRS Links
If you did not: file a 2019 federal tax return, get an Economic Impact Payment, register for an Economic Impact Payment already. The deadline is November 21 at 3pm eastern standard time to request your economic impact payment also known as the stimulus check.
Important IRS Links:
Stimulus Check
Non Filers Enter Payment
Music Source I do not own the rights to the music used in this podcast. This song has been labeled royalty free. The produced/creditors are listed below: CFM Production https://www.youtube.com/CopyrightFree... provided by CFM: https://cfmfreemusic.com To use this free background music in your videos, you MUST credit our YouTube Channel in your video description or end credits! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Mix & Master: Drumatised Contact producer: [email protected] Instagram: https://www.instagram.com/drumatised Buy HQ Beats: https://bit.ly/32ieRfj ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Follow Us on all social media platforms:
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By NevaBroke
5
55 ratings
Lifestyle and Legacy
The truth is when it comes to how much you should save, invest, and/or spend it really depends on your lifestyle and the lifestyle you would like to live now and once you retire. You might be able to survive and thrive off $20,000 a year while someone else desires $100,000 a year. There is no right answer for your life. Yes, there are industry standards and guidelines. There is sensitivity analysis that can be performed and Monte Carlo Analysis.... but most of us probably don’t have financial planners in our early 20s or know what these terms mean. I know I don’t, so it is up to us to maximize the knowledge we do know. Do our due diligence, read and research things you are curious about. If your goal is to retire with a $100,000 lifestyle and you plan to retire at the typical age of 60something and draw from your assets at 4% you will need approximately 2.5 million dollars which does not account for inflation and other factors. Are you planting seeds that will enable you and the next generation to eat forever or as you sowing seeds with no fruit? Social Media Handles: https://linktr.ee/wenevabroke IRS Links
If you did not: file a 2019 federal tax return, get an Economic Impact Payment, register for an Economic Impact Payment already. The deadline is November 21 at 3pm eastern standard time to request your economic impact payment also known as the stimulus check.
Important IRS Links:
Stimulus Check
Non Filers Enter Payment
Music Source I do not own the rights to the music used in this podcast. This song has been labeled royalty free. The produced/creditors are listed below: CFM Production https://www.youtube.com/CopyrightFree... provided by CFM: https://cfmfreemusic.com To use this free background music in your videos, you MUST credit our YouTube Channel in your video description or end credits! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Mix & Master: Drumatised Contact producer: [email protected] Instagram: https://www.instagram.com/drumatised Buy HQ Beats: https://bit.ly/32ieRfj ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Follow Us on all social media platforms:
Instagram | Facebook | Twitter | YouTube | Website