How to Create a Stress-Free Retirement
Let's talk about how much to save for your retirement.
I call this your number. It's really important to find out what your number is, the money you're going to need for retirement, but it's kind of scary, so I hope you're sitting down.
If you wanted to live on let's say on $50,000 a year in today's dollars and you're going to retire in 20 years you will need about $100,000 a year to live on.
So how much are you going to need to have that lifestyle, starting in 20 years?
Well, the average healthy person is likely to live into their nineties. So, that means they might have to plan for thirty years in retirement. So, in 20 years from now, in order to live for thirty years in retirement... Hope you're sitting down... Ready?
You're going to need about $3 Million
Now that's a lot of money.
I want to let you know there's 2 ways you can get there...
#1) You can follow what everybody else is telling you, your financial planner and the entire financial industry, and that's to diversify and put your money all over the place.
And guess what? If you choose this option, you're going to have to earn a lot more and save a lot more to get to that number of $3 Million.
Option #2) You're going to have to get a higher rate of return. And that's a rate of return more like the best investors in the world get. And if you can do what the Warren Buffetts and the Charlie Mungers do, I've got good news for you.
You can start today, with zero dollars saved, and you can start to put away $400 per month, you're going to have plenty of money to retire on in 20 years. So get started now.
Download my free gift, it's an early retirement calculator. It will help guide you and get you there faster.