Big Mac's Will Cost $60 One Day! How To Afford Retirment

Send us Fan MailWelcome. Season 2 Episode #18. Not Me, But You! Podcast. If you enjoy my content, and want to support this podcast, click the referral link for I Trust Capital dot com. Currently, this is the only place I know of on planet Earth where you can buy/sell Bitcoin (and other crypto) plus gold/silver INSIDE of an IRA. I have a ROTH IRA at I Trust Capital dot com. Click link here: https://itrustcapital.com/?referral_id=AAWC4U&utm_source=RAFYes Big Mac's at Mcdonalds will cost $60 per sandwich one day! Why? Due to inflation which causes prices to rise over time. A basic vehicle may cost $250,000. The prices of everything will rise dramatically in the future. Am I trying to depress you? No. But we should, as investors, prepare for retirement by buying/holding assets that outpace the true rate of inflation. Successful investing, over the long term, requires courage and consistency. If it was super easy, then everyone would be rich! But we must make our goal to buy/hold assets that outpace the true rate of inflation. That is our main goal. Next we have to ask ourselves, "What is our goal? Do we want growth? Do we want to build cash flow?" Depending on your goal, helps determine what type of asset you want to buy/hold. And what is your plan for your pile of money when you retire? Do you want to withdraw 4% every year (draw down on the principle)? Or do you want to preserve the principle and simply live off the cash flow (interest that the pile of money produces) ? Wealthy people buy/hold assets. Poor people buy things. And wealthy people their MOST valuable asset, that they can only spend one time, IS time! Yes, time, is your most valuable asset. Not your 401K, not your 403B, not your stock portfolio, not your crypto currency wallets, not your real estate etc. More than anything, I believe, that most people retire, without enough cash flow! So I stress buying/holding high yield dividend stocks. And I believe that most people are unaware of the true rate of inflation that will cause the price of everything that they buy, over time, to increase dramatically. People who disagree with me will be fine in retirement, as long as they don't outlive their pile of money! What if you live longer than you expected? What is your personal costs rise much quicker than you expected? What if you have to keep increasing the percentage of your pile of money that you have to withdraw to live on each year? Food for thought. And this is why I stress CASH FLOW over just accumulating a big pile of money to retire with. Did you buy any assets today? Have courage today, to pick one thing, and work on your dreams. I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.