65. Wealth Building Basics - The 4% Rule and Index Funds

In this episode, I double down on creating passive income opportunities to build long-term wealth.*

 

Specifically, I take us through the 4% rule.

 

Why is this rule important?

• This rule provides a good baseline for withdrawing for retirement.
• You can use this rule to work backwards and determine how much money you need to save in your working life, to account for the amount you want to live on in your retirement

 

I also share insight into index funds and why I believe that index funds are a great, and fairly simple way, to build passive income.

 

Today's focusing question:

• How could this rule impact your investment or retirement planning?
• How can you learn more about the 4% rule?

 

Here is the book I reference in this episode: The Simple Path to Wealth by J L Collins

 

*I am not a financial advisor, I am just very passionate and active in the investing space.

--

Subscribe to our daily texts!

 

Follow us on Facebook for more daily tips on how to improve your business and your life.

 

Part of the Win Make Give Podcast Network