397: The Retirement Portfolio that Generates Cash by Chris Reining

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 5 September 2017

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Reining shares an exact retirement portfolio you can use to generate cash. Episode 397: The Retirement Portfolio that Generates Cash by Chris Reining (Cash Investing & How to Retire Early). Chris Reining is a thirty-something guy who provides resources to help manage your money and career to become financially free. His own path to financial freedom has had ups and downs, which is what he writes about on his site. He's been featured in the New York Times, on the Today Show, CNN, CBS, Business Insider, LifeHacker, and more. The original post is located here: https://chrisreining.com/the-retirement-portfolio-that-generates-cash Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 397,
0:03.8	The Retirement Portfolio that Generates Cash
0:07.0	by Chris Reining of Chris Reining.
0:09.6	And I am Dan, your host here on Optimal Finance Daily, where I read to you from some of the best
0:14.3	personal finance blogs on the planet.
0:16.8	Now let's get to today's post as we optimize your life.
0:21.1	The Retire The retirement portfolio that generates cash by Chris Reining of Chris Reining.
0:30.0	Mr. Everyday Dollar is still a few years away from being financially independent with the choice to retire early.
0:37.0	Yes, please.
0:38.2	According to recent calculations derived from Fire Calc, I shouldn't have a problem retiring by age 44. I've always had my heart set on
0:45.4	42, so that's what I'm really shooting for. I know I'll get there. I'm sure I'm similar to my
0:50.2	readers in that I'm not fiscally perfect, shocking, I know.
0:54.0	Sometimes I go out and spend twice the amount of everyday dollars on one fancy-pants meal than I spend
0:59.0	in a whole week on eating.
1:00.8	Or I take a vacation to South America.
1:03.0	Better yet, I own a car too.
1:05.0	So yes, there are still ways I can spend less and save more so I can invest a little more money
1:10.0	to further build up my early retirement portfolio so I can hit my target.
1:15.2	As I've written before, I currently invest in individual stocks in a taxable investment account.
1:20.9	This bucket of money will serve as my midterm money, the money that will get me from about
1:25.0	42 until my 60s when my 401k will kick in.
1:29.0	Let's step into my time machine and take a little trip to 2021. I'll be 42 as dapper as ever I hope and will be
	...

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