289: What's Your Retirement Number? Plus 4 Ways to Spend It Down

Sam, Johnny & Derek all got together for this episode - the first will all of us in almost 3 years! Our ILAB Patreons were able to receive this episode one week early plus got video and bonus content - become a Patreon HERE & instantly access that! The topic of retirement, FIRE, 4% rule and the like have come up a lot lately. So we break down 4 different retirement theories for drawing down your funds and each shares what their ideal retirement number is if we had to completely quit working. Discussed:  Follow Along With This Episode With the ILAB What's Your Number Reference Guide ILAB 288: Dave Ramsey Personality George Kamel ILAB 287: Jared Dillian on How to Live a Stress Free Financial Life HonestMath.com Where we are: Johnny FD – Jomtien, Thailand / IG @johnnyfdj Sam Marks - Bangkok, Thailand / IG @sammarks12 Derek – Los Angeles, US / IG @DerekRadio Sponsor: ILAB PatreonJoin the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss Time Stamp: 00:20 - Sam/Johnny/Derek Intro 03:15 - Dave Ramsey 4% Rant 12:41 - $500K-$20M Retirement Income Breakdowns 32:00 - Jared Dillian's Rant on Consumption Being Good 50:09 - Why Millions May Not Go As Far As You Think If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify. Copyright 2024. All rights reserved. Read our disclaimer here.

Om Podcasten

Interviews with the world's best investors and find out what they are currently investing in whether it be the stocks, retirement accounts, Wealthfront, Betterment, Vanguard, mutual funds, real estate, Forex, REITs, or other types of Investing methods. Millionaire and Entrepreneur Sam Marks, Johnny FD & Derek Spartz invest alongside listeners as they share their personal portfolios as they save their hard earned money for travel, life and retirement. Invest Like a Boss covers all aspects of investing in the modern age in a fun, entertaining way. The show hosts interview the worlds best investors, financial Insiders, entrepreneurs and CEOs to find out what they are investing in and strategies to gain outsized returns. In this modern age of investing, new investment instruments are popping up each day, from P-2-P lending, to robo-advisors, equity crowd-funding to REITS. Investors today need to combine centuries of investment wisdom with an modern outlook and approach. Entrepreneurs Sam Marks, Johnny FD & Derek Spartz each took different paths to success to now focus on learning how to invest alongside the listeners in order to put their hard earned money to work. Copyright Invest Like a Boss Inc.