Hey Everyone! I wrote a guest post for Stefan’s blog over at The Millennial Budget on how to find your retirement number! Check out the full post over at The Millennial Budget!
What if I told you a single number can change your life. It can give set parameters to your financial goals that will set you up to retire much sooner than you ever thought you could. I think that you will be amazed once you learn to calculate your retirement number. We all need an end game. This is it – this is how you win the game. It’s the final score. So grab yourself a beverage of choice, high-5 your neighbor, fist bump your dog, and jump on the financial freedom train.
Without your retirement number, you have no purpose in what you are doing. You are wandering around with no end in sight, hoping that you make it to retirement in one piece. This, my friends, is not a plan.
I will typically ask millennial’s what they want out of retirement and many say “I want to be a millionaire”. While this is an attainable goal, they don’t know the “why” behind their goal. Is it because you can live off the 4% rule ($40,000 a year)? Do you want that million dollars to start a business? You need to understand where you want to go and why you have a specific goal. I am going to show you the steps to finding your retirement number.
Let the games Begin!
Check out the full post here! www.themillennialbudget.com
Andrew is the host of The Personal Finance Podcast, a show that is changing the way you think about your money. His primary goal with the podcast is to bring as much value as possible to his listeners.
Andrew's favorite free financial tool he's been using since 2014 to manage his net worth is Personal Capital. Each month he uses their free Investment Checkup tool and Retirement Planner to track his investments and ensure that he's on the fast track to financial freedom.
His favorite investment platform is M1 Finance, a site that allows him to build a custom portfolio of stocks for free. It has no trading fees and is his preferred way to invest without having to lift a finger.
- Who is Eligible for an FHA Loan? - November 10, 2020
- How to Write a Check: A Step by Step Guide (With Examples) - November 6, 2020
- How to Buy Vanguard Index Funds - October 14, 2020