674 - What is THE NUMBER? With Merrick Furst

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.6 • 2.7K Ratings

🗓️ 22 December 2020

⏱️ 90 minutes

🔗️ Recording | iTunes | RSS

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Summary

What is the Number? Lately, during the lockdown and pandemic, I have been pondering on the question. What is THE Number? How do you define the number? How much money do you need (or want) to retire? I have my good friend, Merrick Furst (He appeared on Episode: What we can learn from the greatest investors of all time.), to talk about this matter. I started out with a formula that I came up with, but after answering a series of questions that Merrick proposed, I have changed my formula entirely! Enjoy the episode! If you have any questions or feedback, tweet at me @jaltucher I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.8	This is the James Altiger Show.
0:12.8	Today on the James Altiger Show.
0:16.8	What is the number?
0:19.0	I know many people who want to retire.
0:22.1	I know many people who want to not worry about money.
0:25.3	I know many people who are scared and anxious, particularly given everything that's all the
0:30.2	economic uncertainty lately.
0:33.5	What is the number you need so you can retire or at least not worry about money.
0:38.6	And there's a lot of different answers and there's a lot more factors that go into this.
0:43.3	You'll listen to this podcast.
0:45.0	I started off thinking it was a relatively simple mathematical equation.
0:49.1	It is not.
0:50.1	There is so many more factors to consider.
0:52.6	I brought on my good friend, Merrick First, official genius.
0:57.0	I don't know how best to describe him.
0:58.5	I met him because he was the dean of students that threw me out of graduate school and then
1:03.3	we became friends after that.
1:05.4	Every now and then he has come on the podcast just to provide his super insightful question.
1:09.6	He's not afraid to ask the hard questions and the smart questions.
1:13.5	And here we are trying to figure out what the number is.
1:16.7	If you like this episode or have similar kind of questions, you can tweet at me.
	...

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