A very warm welcome to the early retirement show, the show dedicated to helping you navigate

the nuances of an early retirement, a non-traditional retirement. Now let's get right into the

episode so we can learn how to retire early. Welcome back to another episode of the early

retirement podcast. Thank you to all of you who have been subscribing on YouTube recently, seeing a ton of growth there, and I just have to thank you in the early retirement podcast. Thank you to all of you who have been subscribing on YouTube

recently, seeing a ton of growth there, and I just have to thank you. And it is so helpful

because I love, of course, doing these podcasts, because if you're driving or you're working out

or however you like to podcast, I know this can be helpful. However, I also know sometimes with

numbers and financial stuff, which, yes, of course, I tend

to talk about on this type of show, it can be helpful to actually see that.

So if you have not checked it out already, check out the YouTube channel and you will be able

to see that.

It is in the description below.

So let's hop into today's topic, which are the five tips to practice retirement today. How can you prepare

for retirement while you are still working, both financially and emotionally? Now, you've been

listening to this podcast for a while. You know I love examples, and so we'll be going through a few

today, but also staying high level, not going ultra-granular, want you to have a few

action items so you can go, okay, here's what I can start practicing immediately because I listen

to this podcast. So without further ado, let's hop right in. And the first thing is, are you ready

to retire, both financially and emotionally? If you're retired today, what does life look like?

And that's how I always like to start. And it oftentimes kind of perplexes people because they go,

well, shouldn't I know how much, you know, I have? Am I able to make sure I don't run out of money?

And of course we want to do that, but we also want to take that first big step back and then get into the granular details. And let's start with, imagine you're retired today. How are you fulfilling your time? Is it with children? Are you saying, you know what, my spouse and I have just been dying, waiting to travel? Is it, you know what, we have specific legacy goals? And we want to know that when we retire, we're going to be able to implement those. Great. All of those are amazing. There's no wrong answers. Once you know what you want to do in retirement, at least generally, no one knows exactly what. The next question is, how much do you have saved for retirement? And some people will ask, and you've probably heard this in a recent podcast, is, Ari, do I need a million dollars to retire? And the answer is always no. You don't need one million. You don't need two million. You don't even need five million. I would even tell you confidently that 10 million might not be enough for you to retire. And you're probably thinking, how is that even possible? Who needs more than $10 million? And the reason I bring that up is because

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