It is Report Card Day. Hi, I'm Dave. Welcome to Walking His Fitness, a daily 10-minute podcast designed to provide you with a little added motivation to get out the door, take the walk, and even more importantly, to build a life-changing walking habit.

Today's 10-minute walk starts right after this. There are some folks that I

follow on YouTube who talk about retirement, specifically retirement on a modest budget, usually

$500,000 or less.

And I think all of them that I follow do a end-of-month review of their portfolio,

and one of them in particular does his monthly expenses. It goes through everything that he and his wife spend money on which is fascinating

enlightening and sometimes challenging it's like oh you can actually get by

spending that little on this particular area maybe Maybe I should try a little bit harder here.

Those videos tend to get a lot of views, so I'm sure there's a part of the motivation for doing those that is, well, people like these and they're going to watch them.

More views, that's not a bad thing

but I think there's also an issue of accountability because they're talking

about how they have retired and I think all of them retired before 65 before

they could get on Medicare.

So health insurance, pre-Medicare is usually a big topic.

But I think there's a sense of accountability.

So they're not just talking in the abstract about how you can retire with not a whole lot of money

or a modest income. And I say not a whole lot of money or a modest income and I say not a whole lot of money

I want to be sensitive because what that is comparing to are the experts who say you need at

least a million dollars I mean some say two million five million dollars and they're saying

no you don't need that much. By comparison to those amounts, this is not a whole lot of money.

But I also recognize that there are many who would look at $500,000 and go,

wouldn't that be nice?

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