PodParley PodParley
PodParley
25: What's Your Number? episode artwork

EPISODE · Aug 30, 2021 · 24 MIN

25: What's Your Number?

from Take Back Retirement · host Stephanie McCullough, Kevin Gaines

A lot of folks believe that there is a magic number that they need to work towards in order to be able to retire.   There is a myth out there that there is some perfect number of dollars you need to accumulate so that you can retire. That it's really all just one mathematical equation with one distinct, perfect answer.   …Except this belief is completely, utterly unfounded.   Listen in as Stephanie and Kevin dismantle the notion that hitting your "magic number" is the key to your retirement success.   They explain why coming up with a specific dollar amount for that next chapter in your life may not be as simple as you think, the psychological dangers of focusing solely on such a number, and how to really diversify your assets to maximize your freedom in your retirement years.   Key Topics: Is there really such a thing as a "magic number" to retirement? (2:05) Do you really know what the next chapter of your life is going to look like? (5:02) We're guessing, and that's OK! (7:06) Not all dollars are created equal. (08:18) Keys to diversification. (11:20) Why the notion of a "magic number" is psychologically dangerous. (13:07) "You don't have to have all those dollars in your hand on day one of your retirement." (15:00) Why hitting a "magic number" doesn't guarantee smooth sailing in retirement. (16:41) "Your money is here for a reason. Don't lose sight of the reason." (18:16) Don't just look at how many dollars you're accumulating, but the types of dollars. (22:20)   Resources Mentioned: "Doom, Despair and Agony on Me" https://www.youtube.com/watch?v=-IIKE9p5SEw Take Back Retirement Episode 7: Here's a Secret: We're Guessing, and That's OK   If you like what you've been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. [email protected]   You can find the transcript and more information about this episode at www.takebackretirement.com.   Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn.  Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

NOW PLAYING

25: What's Your Number?

0:00 24:34

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

Why Live and Evergreen Models Both Fall Short

Feb 4, 2026 ·18m

The Hobbit by J. R. R. Tolkien Audiobook, Chapter 19 of 19

Sep 22, 2023 ·20m

The Hobbit by J. R. R. Tolkien Audiobook, Chapter 18 of 19

Sep 22, 2023 ·20m

The Hobbit by J. R. R. Tolkien Audiobook, Chapter 17 of 19

Sep 22, 2023 ·27m

The Hobbit by J. R. R. Tolkien Audiobook, Chapter 16 of 19

Sep 22, 2023 ·14m

The Hobbit by J. R. R. Tolkien Audiobook, Chapter 15 of 19

Sep 22, 2023 ·24m

Similar Podcasts

HOMELAND HOMELAND The Church is a body not a building. It's the bride of Jesus Christ! Jesus is coming back for a mature bride. That means it's time for the church of Jesus Christ to move from milk to meat. This is the hour of maturity!HOMELAND is an announcement that the church is being set free. Only the church has the ability to transform the world. The kingdom's of this world will become the kingdoms of our Lord and Savior!All of creation has been waiting for this moment! Sons and daughters of God are rising up and taking their seat! Invictus by Greyana, A Tomione Podfic M+G Readings Sporadic uploads thanks to gallstones.Voldemort intended the object to be used by his most loyal follower in the event that his horcruxes were destroyed, but it ended up in Hermione’s possession instead.It sent her back to a time when he was much less the monster that she’d always known him to be. Nothing could have prepared her for the intelligence and charm of Tom Riddle.He isn’t who she thought he was.Hermione discovers that it’s a dark descent into the madness of the man she should hate, but can’t… a descent she will never emerge fr The Course Mentors Podcast The Course Mentors Hey there, future course creator!Ever feel like turning your know-how into an online course is like trying to solve a Rubik's cube blindfolded? Well, grab your headphones because "The Course Mentors Podcast" is here to be your secret weapon!Meet Aimee and Odette (that's us!), your new best friends in the course creation world. We've been in the trenches for over a decade, and for the last five years, we've been rocking the online course space. Now we're here to spill all our secrets in bite-sized, 15-20 minute episodes that'll fit perfectly in your coffee breaks.No fluff, no filler - just real, actionable advice that'll take you from "um, what's a landing page?" to "holy moly, I just hit six figures!". We're talking everything from crafting your course to marketing it like a pro and building a business that'll have you pinching yourself.Whether you're dreaming of ditching the 9-to-5 grind, adding a sweet extra income str 2 Old Ladies Walking Rozee 2 Old Ladies Walking features the journeys, insights, and light conversation between Liz and Rosie, two women of a certain age who live in the Hudson Valley of New York. From pelvic floor challenges and life with young adult children to food, bird calls, fear of “mad lamb” disease, and myriad topics in between, we cover it all while walking on the scenic trails of the northeast, or wherever our travels take us. Join us and have a listen!

Frequently Asked Questions

How long is this episode of Take Back Retirement?

This episode is 24 minutes long.

When was this Take Back Retirement episode published?

This episode was published on August 30, 2021.

What is this episode about?

A lot of folks believe that there is a magic number that they need to work towards in order to be able to retire.   There is a myth out there that there is some perfect number of dollars you need to accumulate so that you can retire. That it's...

Can I download this Take Back Retirement episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!