by
davefairtex
retirement
by
Adam Taggart
Want more money?
Who doesn’t, right?
Though that may not be truly what you really want.
What most of actually crave is financial freedom. To enjoy a lifestyle free from money worries and that funds our needs and wants.
Sam Dogen, famous online as the Financial Samurai, joins us to share the most effective wealth-building strategies that *anyone* can successfully pursue, regardless of current income or net worth.
Top Money Hacks For Financial Freedom
PREVIEW by Adam TaggartWant more money?
Who doesn’t, right?
Though that may not be truly what you really want.
What most of actually crave is financial freedom. To enjoy a lifestyle free from money worries and that funds our needs and wants.
Sam Dogen, famous online as the Financial Samurai, joins us to share the most effective wealth-building strategies that *anyone* can successfully pursue, regardless of current income or net worth.
by
Adam Taggart
by
Chris Martenson
Executive Summary
- Best practices in cost-accounting from the FIRE movement
- The appeal of the 4% annual expense strategy
- Life hacks in extreme frugality
- The Peak Prosperity community shares its collective wisdom
If you have not yet read Part 1: Extreme Frugality, available free to all readers, please click here to read it first.
What if it were possible to uncouple from the ‘rat race’ and thereby regain a big portion of your time to use as you please?
I assume everyone would find that desirable. Time would open up for one to volunteer, travel, get in shape, meditate, sleep or do whatever you desire.
There’s a well-established movement underway the goes by the acronym FIRE, which stands for Financial Independence Retire Early. It’s not for everybody, and has a ton of pros and cons, and I’m not advocating that anybody blindly adopt FIRE as their framework, although some of you may already pursue it and that’s fine.
I am saying that the movement has put a lot of thoughtful time into managing the income and expense parts of life and it has a lot of very practical advice to follow if one wishes.
My role is to set the stage. I’ve spent a huge amount of time reading blogs, finding resources, and condensing the learnings to save you time.
And what I’ve learned is…
Live Frugally, Retire Comfortably
PREVIEW by Chris MartensonExecutive Summary
- Best practices in cost-accounting from the FIRE movement
- The appeal of the 4% annual expense strategy
- Life hacks in extreme frugality
- The Peak Prosperity community shares its collective wisdom
If you have not yet read Part 1: Extreme Frugality, available free to all readers, please click here to read it first.
What if it were possible to uncouple from the ‘rat race’ and thereby regain a big portion of your time to use as you please?
I assume everyone would find that desirable. Time would open up for one to volunteer, travel, get in shape, meditate, sleep or do whatever you desire.
There’s a well-established movement underway the goes by the acronym FIRE, which stands for Financial Independence Retire Early. It’s not for everybody, and has a ton of pros and cons, and I’m not advocating that anybody blindly adopt FIRE as their framework, although some of you may already pursue it and that’s fine.
I am saying that the movement has put a lot of thoughtful time into managing the income and expense parts of life and it has a lot of very practical advice to follow if one wishes.
My role is to set the stage. I’ve spent a huge amount of time reading blogs, finding resources, and condensing the learnings to save you time.
And what I’ve learned is…
by
Adam Taggart
by
Adam Taggart
The concept of ‘retirement’, of enjoying decades of work-free leisure in your golden years, is a relatively new construct. It’s only been around for a few generations.
In fact, the current version of the relaxed, golfing/RV-touring/country club retirement lifestyle only came into being in the post-WW2 boom era — as Social Security, corporate & government pensions, cheap and plentiful energy, and extended lifespans made it possible for the masses.
But increasingly, it looks like the dream of retiring is fast falling out of reach for many of today’s Baby Boomers. Most will outlive their savings (if they have any at all).
Will you?
Will Your Retirement Efforts Achieve Escape Velocity?
PREVIEW by Adam TaggartThe concept of ‘retirement’, of enjoying decades of work-free leisure in your golden years, is a relatively new construct. It’s only been around for a few generations.
In fact, the current version of the relaxed, golfing/RV-touring/country club retirement lifestyle only came into being in the post-WW2 boom era — as Social Security, corporate & government pensions, cheap and plentiful energy, and extended lifespans made it possible for the masses.
But increasingly, it looks like the dream of retiring is fast falling out of reach for many of today’s Baby Boomers. Most will outlive their savings (if they have any at all).
Will you?
by
Adam Taggart
At Peak Prosperity, we strive to help people advance in three key areas: Knowing, Doing and Being.
Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run.
But Knowing? That's the essential first part to master. Without sufficient understanding and insight to guide you, any action you take is merely groping in the dark.
The Importance Of Knowing
by Adam TaggartAt Peak Prosperity, we strive to help people advance in three key areas: Knowing, Doing and Being.
Doing and Being are the resilience-building steps we recommend. Helping folks develop their own personal action plans in these areas is the main focus of the seminars we run.
But Knowing? That's the essential first part to master. Without sufficient understanding and insight to guide you, any action you take is merely groping in the dark.
by
Adam Taggart
Demographically speaking, the tremendous wave of aging Baby Boomers is an unprecedented event in our country's history. The sheer size of this age cohort, plus the concerningly-high level of financial unpreparedness for many of its members (which we wrote about at length last week in this report), will demand all sorts of new solutions be pioneered to address the needs of a massive number of aging seniors no longer in the workforce.
Gene Guarino, founder of Residential Assisted Living Academy, joins the podcast this week to explain the model to Chris, as well as the ways that investors can get involved in this growing movement. Those with capital interested in "doing well by doing good" can participate in syndicates that own the residences, creating more inventory to expand this model to. The investment returns are attractive, as is being a part of a movement to offer more housing options to the fast-growing ranks of seniors looking to live with dignity.
Gene Guarino: Investing In Residential Assisted Living
by Adam TaggartDemographically speaking, the tremendous wave of aging Baby Boomers is an unprecedented event in our country's history. The sheer size of this age cohort, plus the concerningly-high level of financial unpreparedness for many of its members (which we wrote about at length last week in this report), will demand all sorts of new solutions be pioneered to address the needs of a massive number of aging seniors no longer in the workforce.
Gene Guarino, founder of Residential Assisted Living Academy, joins the podcast this week to explain the model to Chris, as well as the ways that investors can get involved in this growing movement. Those with capital interested in "doing well by doing good" can participate in syndicates that own the residences, creating more inventory to expand this model to. The investment returns are attractive, as is being a part of a movement to offer more housing options to the fast-growing ranks of seniors looking to live with dignity.
by
charleshughsmith
Executive Summary
- The Importance of Adding New Income Streams
- Income-Producing Assets
- Taking Advantage of Subsidies
- Hedges, Cost-Controls & Other Strategies
- The 14 Steps to Prosperity
If you have not yet read Part 1: The Great Retirement Con, available free to all readers, please click here to read it first.
In Part 1, we revealed the woefully insufficient level of retirement savings — across IRAs, 401ks, and public pensions — America faces as it's largest demographic cohort, the Baby Boomers, now reaches retirement age. And eating quickly away at the scant savings that exist is the soaring cost of big-ticket essentials such as rent, higher education and healthcare that retirees can't avoid paying.
So what can we do about it?
There are only a few strategies that can make a real difference: own assets and income streams that keep up with real-world inflation, radically reduce the cost structure of big-ticket household expenses, qualify for subsidies (i.e. lower household income), and/or adopt a healthier view of what prosperity in retirement means.
Owning Income-Producing Enterprises and Assets
This chart says volumes about the difference between wealthy households and middle-class households: the middle-class households’ primary asset is the family home, while the wealthy households’ primary asset is business equity: ownership of an enterprise or shares in enterprises.
Developing a profitable enterprise is easier said than done (it helps to inherit a family business), and there is no guarantee a business that’s successful today will still be successful next year.
Nonetheless, it’s striking that the middle class is…
Success Strategies For Retirement
PREVIEW by charleshughsmithExecutive Summary
- The Importance of Adding New Income Streams
- Income-Producing Assets
- Taking Advantage of Subsidies
- Hedges, Cost-Controls & Other Strategies
- The 14 Steps to Prosperity
If you have not yet read Part 1: The Great Retirement Con, available free to all readers, please click here to read it first.
In Part 1, we revealed the woefully insufficient level of retirement savings — across IRAs, 401ks, and public pensions — America faces as it's largest demographic cohort, the Baby Boomers, now reaches retirement age. And eating quickly away at the scant savings that exist is the soaring cost of big-ticket essentials such as rent, higher education and healthcare that retirees can't avoid paying.
So what can we do about it?
There are only a few strategies that can make a real difference: own assets and income streams that keep up with real-world inflation, radically reduce the cost structure of big-ticket household expenses, qualify for subsidies (i.e. lower household income), and/or adopt a healthier view of what prosperity in retirement means.
Owning Income-Producing Enterprises and Assets
This chart says volumes about the difference between wealthy households and middle-class households: the middle-class households’ primary asset is the family home, while the wealthy households’ primary asset is business equity: ownership of an enterprise or shares in enterprises.
Developing a profitable enterprise is easier said than done (it helps to inherit a family business), and there is no guarantee a business that’s successful today will still be successful next year.
Nonetheless, it’s striking that the middle class is…
by
Adam Taggart
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