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 Patreon
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- Wealthfront Robo-Advisory – Get your first $5,000 managed free
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- Interactive Brokers - a trading account for anyone, trade US and international stocks, bonds, and securities
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- Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
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
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