-
▼
-
▼
Consider this your graduate degree in how to make FIRE a reality! Folks in the F.I.R.E (Financially Independent, Retire Early) Movement are set on retiring in their 30s or 40s. So much of this movement is about motivation, but we want to make sure you understand the nuts and bolts of your plan so the wheels don’t fall off! (Don’t worry – we’ll motivate you, too!)
Even if you’re not part of the FIRE movement, you’ll be putting this show in The Money Guy hall of fame! It’s chock full of helpful information on withdrawal rates, retirement account structures, and how to retire with purpose!
In this episode, you’ll learn:
- How to figure out your Safe Withdrawal Rate
- Non-negotiable planning strategies you need for retirement
- How to calculate whether or not your retirement plan will be successful
- How to structure your accounts for early retirement
- How Sequence of Return and Distribution risks factor into your plan
- Downsides of the FIRE movement you need to prepare for!
Research and resources from this show:
- The Money Guy Resource Page
- Withdrawal rates (Portfolio Charts)
- Food Shopping Behavior During the Great Recession (NBER)
- How does consumer spending change during boom, recession, and recovery? (Bureau of Labor Statistics)
- Safe Withdrawal Rates (EarlyRetirementNow.com)
- Women’s and men’s earnings by age in 2016 (Bureau of Labor Statistics)
Enjoy the Show?
Where You Can Watch and Listen:
Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:
- Episodes of The Money Guy Show every Friday
- Episodes of Making a Millionaire every other Monday
- Mini-shows every Wednesday
- Ask Money Guy Livestreams every Tuesday
- Tons of other fun content!
Free Resources
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Articles
Articles
How Much Do You Need To Retire With an Average Income?
It’s easy to become discouraged if you have an average or below average income. Saving for retirement is normally more difficult with a lower income;...
Articles
Should You Be Spending More in Retirement?
It’s difficult to overstate the risk of spending too much in retirement (or saving too little for retirement). Running out of money means moving in...
Articles
How To Use a Roth Conversion Strategy in Retirement
Do you have a substantial amount of assets in pre-tax retirement accounts like a traditional IRA or 401(k)? If so, it could make sense to...
Financial FAQs
Courses & Tools
How about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Recent Episodes
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Episodes
S&P 500 vs Charizard: Which Investment Wins?
Are Pokémon cards and index funds better than the S&P 500? Brian separates the hype from reality on today's hottest collectible investments and reveals what...
Episodes
Quit Saving Money? The CoastFIRE Epidemic
CoastFIRE is exploding in popularity, but are you coasting too soon? In this Live Q&A, we break down the real numbers behind CoastFIRE, share the...
Episodes
Financial Advisors React to Wild Money Advice ft. @ErinTalksMoney
From Kevin O'Leary's investing wisdom to a creator saying the stock market is pointless, we're reacting today with @ErinTalksMoney and setting the record straight. We're...