Today is another day that we have two choices before us. Continue to do the things that everyone else does or be different.
Let’s talk about “saving” for retirement.
Most Americans’ retirement plans are to save enough money, retire, and pray the money lasts as long as they do.
Financial professionals have developed a simulation to predict the relative success of a retirement portfolio. It is called the Trinity Study. It measures inflation, expected rate of return, and withdrawal rate.
The study can be found here: https://en.wikipedia.org/wiki/Trinity_study
The simulation contains some very complicated math. The first thing that comes to mind when I read the study and run the simulation is that I hope they are right. It would be terrible to get close to retirement and realize their calculations where wrong, or worse yet- to be in retirement and run out of money.
I have never thought the idea of saving money and then spending it in retirement – by reducing the balance of your portfolio – was wise. Surely there is a better way.
Cash flow is life – JB
Life is better with cash flow. We buy assets that cash flow, every single day. It is hard to go broke when cash is flowing in daily. If the cash flow from a real estate portfolio exceeds your expenses you are effectively retired.
This is what THE Mastermind is focused on. Creating cash producing portfolios for our members. We have 4 memberships left for the month of January. If you are interested in joining reply to this email or text rob 281-401-9008.