James, just before we started recording, we were talking about family. And I am recently married,

and there's talk of children who knows exactly when. You have two children at the moment.

I imagine a lot of people listening right now. There might be some grandchildren on the way,

but that's maybe not the only thing you're thinking about. If you are thinking about an early

retirement or retirement at any time,

there's probably a small part of you going, well, what if my returns don't do what I expect

them to do? How will that change my retirement? And the last thing you want is for your returns

to not maybe do what you hope. And now your grandchildren, maybe you can't support them to the

degree you want. Or worst case, you have to go

back to work, which we certainly want to avoid. So today's topic has actually been brought by a comment

on YouTube. So for those of you who are leaving comments on YouTube, thank you, because that is how

we actually decide what we talk about today. And I'm going to go ahead and read that comment now.

So this comes from UT Savradi, who says, what's your perspective on the recent strategy

paper from Goldman Sach stating, we estimate the S&P 500 will deliver an annualized nominal

total return of 3% during the next 10 years.

Goes on to add some more contacts there, but he says would be great to see a video with

perspective.

Even with the diversified portfolio, the idea of retiring early at 48 is scary.

Thoughts on that, James?

What a segue.

You open that up with Grants and I was like, where on earth is already going with this?

But okay, you came back to your turns. I do have thoughts on that. That's any, sometimes we fall under this trap of thinking that financial planning is like, it can be boiled down to a science and it can be boiled down to an engineering problem. problem. If you get the right inputs, you put them together the right way,

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