230: Finance Friday: In My Mid-50s, Do I Have Enough to Retire Next Year?

230: Finance Friday: In My Mid-50s, Do I Have Enough to Retire Next Year?

Retiring early can be a daunting task. Not only do you have to do more, with less time, but you have to stay diligent on your budgeting, expense tracking, and investing if you want to hit your goal by a certain age. Today we talk to Lisa, who wants to retire next year, in her mid-50s. While most people think early retirement means retiring in your 20s and 30s, this isn’t necessarily true. Retiring 10 years early, like Lisa, is a massive accomplishment, but requires the same skills needed for retiring decades earlier. Lisa has three pieces of property: a cash-flowing rental in pricey Boise, her primary residence in Washington, and a plot of land in North Idaho. She’s tinkered around with ideas of using her primary residence as a short-term rental, but unbeknownst to her is the fact that having a short-term rental could bankroll her retirement. She also has a sizable amount in retirement accounts, but none of those assets produce cash flow. Will Lisa be able to retire using the 4% rule with her retirement accounts? Or, should she use this last year of employment to double down on cash-flowing assets like rental properties? In This Episode We Cover Using the 4% rule to calculate how much you need to be invested to retire Leasing out your home as a short-term rental while you travel Choosing cash-flowing assets over assets that merely appreciate Calculating out your TRUE living expenses (with the Mindy Method!) Profiting off of land purchases and when the right time to sell is When the appropriate time to raise rents on a tenant is And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

Jaksot(742)

The Middle Class Trap: Why $750,000 Doesn't Feel Like Enough (Financial Plan)

The Middle Class Trap: Why $750,000 Doesn't Feel Like Enough (Financial Plan)

Are you a high earner in your 30s or 40s with a growing net worth — but somehow still feel financially stuck? You might be caught in the "boring middle" — a phase where your wealth is locked in home e...

10 Maalis 1h

Does More Money REALLY Buy Happiness? | Matt Killingsworth

Does More Money REALLY Buy Happiness? | Matt Killingsworth

What’s the real relationship between money and happiness? In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench sit down with leading happiness researcher Matt Killin...

6 Maalis 45min

From $15,000 to Financial Independence Through Real Estate

From $15,000 to Financial Independence Through Real Estate

In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench sit down with Grace Gudenkauf, a real estate investor who began her journey at just 23 years old with $15,000 in...

3 Maalis 43min

Can You Reach Financial Independence on a Median Income?

Can You Reach Financial Independence on a Median Income?

Can you reach financial independence earning a median or below-median income? In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench break down why making less money c...

27 Helmi 28min

Cruising to FIRE in Her 40s (After Living Pay Check to Pay Check!)

Cruising to FIRE in Her 40s (After Living Pay Check to Pay Check!)

On this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench are joined by Emily Egashira to hear about her financial journey. Emily’s journey to financial independence proves tha...

24 Helmi 56min

AVUV vs VTSAX: Why Small Cap Value Could Outperform

AVUV vs VTSAX: Why Small Cap Value Could Outperform

On this episode of the BiggerPockets Money Podcast, Mindy Jensen and Scott Trench are joined by Frank Vasquez to explore small cap value investing, factor research from Eugene Fama and Kenneth French,...

20 Helmi 48min

Paul Merriman’s 4-Step Portfolio Strategy for Long-Term Wealth

Paul Merriman’s 4-Step Portfolio Strategy for Long-Term Wealth

In this episode of the BiggerPockets Money podcast, hosts Mindy Jensen and Scott Trench are joined by Paul Merriman. Paul shares decades of investing wisdom and explains why simple index investing oft...

17 Helmi 1h 22min

The New FIRE? Why Time Freedom Beats Early Retirement

The New FIRE? Why Time Freedom Beats Early Retirement

What if financial independence isn’t about retiring early — but about controlling your time right now? In this episode of the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench sit down...

13 Helmi 57min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
mimmit-sijoittaa
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
rss-sisalto-kuntoon
sijoituspodi
rahapuhetta
rss-karon-grilli
herrasmieshakkerit
rss-bisnesta-bebeja
rss-draivi
leadcast
rss-lahtijat
rss-laakispodi
rss-seuraava-potilas
rss-paasipodi
rss-yrittajan-mindset
asuntoasiaa-paivakirjat