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Disruptors

Shocking Retirement/Pensions Statistics: Mainstream Media BS [Business, mindset, entrepreneur, disruptors]

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.81.4K Ratings

🗓️ 21 October 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

You would think that the mainstream media would understand the cost of living and what you would need to retire: but Rob believes they have got it completely wrong! Listen in to this episode to find out why and what you actually need in order to retire. Secret Leaders Podcast Listen Now https://podcasts.apple.com/gb/podcast/secret-leaders/id1229438369Learn what it’s really like to be a top entrepreneur and how to get there from founders of startups like Monzo, BrewDog, Jo Malone, Slack, and Lastminute.com   KEY TAKEAWAYS  Rob believes you need a lot more than 50k a year to retire on as a couple as stated in a recent BBC article. Rob calculates that you would need 10 million capital to retire because of the increase of living expenses. It’s important for people to be prepared for their retirement and to do this they need all the facts and be told the reality.   BEST MOMENTS  “I think you need minimum 100-150 grand net to retire” “There needs to be better information out there”   [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0

I believe you need 10 million capital to retire.

0:05.0

Wow, breaking news. According to the PLSA,

0:09.0

you only need 10,900 pounds a year to retire.

0:13.0

What planet are they living on?

0:17.0

Now, these are the pensions and lifetimes savings association.

0:21.0

You would think that they would have the vast knowledge to understand

0:25.0

retirement and pensions and savings and the reality.

0:30.0

One of the things that's shocking to me is this is a mainstream media

0:35.0

BBC news article that just came out this week.

0:39.0

And of course the headlines, you need 10,900 pounds a year to retire.

0:46.0

What? What? Okay, so gas prices wholesale are up 400%.

0:52.0

Fuel prices are the highest price ever.

0:57.0

Record highs.

0:59.0

Foods going up.

1:01.0

Inflation is going up.

1:03.0

Cost of general living is going up and up and up.

1:06.0

There's virtually no interest in savings.

1:10.0

Yeah, apparently minimum required income is 10,900 pounds a year.

1:18.0

Now I'll share how they've calculated that in a moment.

1:21.0

But I need to tell you the vast freaking nonsense.

1:24.0

That is nonsense.

1:26.0

I don't even think you can retire on 50 grand a year gross because at 45% tax,

...

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