How much money do you need so you can retire early, aka not work forever?

That's what today's video is going to be all about.

If you're listening on the podcast app, I'm always going to post these videos slash podcast there as well.

So you can, of course, watch on YouTube or you can listen on the apps.

I listen to a lot of podcasts, and I know sometimes it's just easier because I'm driving and I don't want to have the video pulled up. So no worries either way. But some of you send messages going, here, you're still going to post on the podcast app because you're doing more videos? Yes, I'll always do both. Now, with that being said, I'm going to make it really easy for you guys. So there's something called a time value of money

calculator. Now, six or seven years ago when I was going through my certified financial planning

course and designations and education, this was brought up and it was really, really cool because

it really for the first time made me go, hey, this is the value of compound interest.

All of you have heard of compound interest. Most of you understand the value of it, but once you connect it to your own money, it just hits different. And that's what I'm going to show you today. I'm also going to explain it for all of you listeners out there. We're going to use a real case study. Now, here's how we're going to do it. So if you're watching right now, you can of course see on my screen a nice friendly graph here of someone who's 53 years old with $527,000 and you can see they're on track to have about

$900,000 by age 90. Now, a lot of what we're going to talk about

today have some assumptions. How much do they want to leave to children? Do they have children?

How much do they want to spend in retirement? Are there big travel goals? Would they rather work

longer to spend $10,000 a month or retire earlier to spend 6,000 a month.

There becomes a point where adding new money doesn't add quality to your life.

So what I want to show you is those trade-off so you can decide for yourself what's most important to you.

So let's go ahead and look at this case study and then let's connect the dots with the cool calculator.

So this is someone who has $527,000. and look at this case study and then let's connect the dots with the cool calculator.

So this is someone who has $527,000.

Now, when you hear that and you're listening on the podcast app, I hope you're thinking,

where is that money?

Is that all in a 401K?

Is that in a Roth IRA?

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