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MarketFoolery

Victory Lap Retirement

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 23 November 2016

⏱️ 15 minutes

🧾️ Download transcript

Summary

Veteran financial columnist and author Jonathan Chevreau shares insights from his latest book, including why financial independence is better than retirement, why the word “retirement” needs to be retired, and money advice for millennials.

Transcript

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0:00.0

It's Wednesday, November 23rd.

0:03.0

Welcome to Mark Foolery.

0:05.0

I'm Chris Hill.

0:06.0

It's a short week for us because of Thanksgiving,

0:08.0

but you know, we couldn't make it too short.

0:11.0

We couldn't, we couldn't just leave it at one or two. We wanted to you know well get

0:15.8

three quarters of the way through the week. Something a little different today. A couple

0:19.5

of years ago I got the chance to interview Jonathan Chevron.

0:23.0

Jonathan is a veteran financial columnist in Canada.

0:28.0

He's written books.

0:29.0

He's been the editor-in-chief of Money Sense magazine.

0:33.0

When we launched Molly Fool Canada,

0:36.0

Jonathan was actually one of the people

0:38.0

that we got in touch with pretty early in that process.

0:40.0

So, we're fans of Jonathan's work.

0:45.0

Last week, Mark Wreath talked with Jonathan about his brand new book, which is called

0:49.8

Victory Lap Retirement.

0:52.2

They covered a bunch of topics, including advice for millennials, and the conversation began

0:57.2

with Jonathan sharing how he defines financial independence.

1:01.4

It's really the point at which all your passive sources of income from pension investment

1:06.2

income etc.

1:07.2

Exceed your monthly nuts.

...

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