- Facebook Live, Financial Independence, Investing, Retirement

Facebook Live Episode 11: How You Spend Your 1st Attending Paycheck Can Cost You $10M (or more)!

All about Lifestyle Inflation & Savings Rates

Broadcast live Tuesday 7/31/18

You got your 1st attending paycheck, nothing will stop your ability to build wealth and lengthen your time to financial indepence more than LIFESTYLE INFLATION.

No retirement account or asset allocation will save you if you spend too much of your money.

Have you heard “Live like a resident for 2-5 years after finishing training”

Here’s why in this episode.

Charts from this video

 

By MONTHLY SPENDING

Financial Independence by monthly spending with income of $200,000, married filing jointly.
Assumes 6% return on investment and 4% sustainable withdrawal rate.

 

Financial Independence by monthly spending with income of $300,000, married filing jointly. 
Assumes 6% return on investment and 4% sustainable withdrawal rate.

 

By SAVINGS RATE

Financial Independence by Savings Rate with income of $200,000, married filing jointly. 
Assumes 6% return on investment and 4% sustainable withdrawal rate.

 

Financial Independence by savings rate with income of $300,000, married filing jointly.
Assumes 6% return on investment and 4% sustainable withdrawal rate.

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